ICXUSD trade ideas
ICON is on some shit. This is SALTSEASON in its Parabolic phase.This move is quiet dangerous because from price action alone you couldn't tell if this is a run to 0 for ICX.
In the Long Term ICON is still one of the best projects out there imo. But this doesn't matter until we see some strength in the Market.
If you try to catch the knife now is probably a good opportunity! But it could also go on to free fall til death.
I see an opportunity here I think it's worth the risk because if it flew it would not stop easily!
T1: 1.03
T2: 1.17
T3: 1.28
T4:1.39
T5: HODL !
ICX / USD - ICON - Analysis, Big Wavecount & potential TargetsICO price was 0,105 $ where my wavecount starts. monthly supportline drawn as bottom of the decending wedge. the fundamentals in this COIN are very good as they have a hughe network. i personally think its not that likely that we will see the ico price once again in the next few years.
ICX USD - 5 LONG targetsIcon - ICX
Fundamental information :
Twitter 109k followers, one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries.It is an interchain blockchain that connects various blockchains such as Bitcoin, Ethereum, and Qtum. First, ICX is used as an intermediary cryptocurrency. ICX enables transactions among different cryptocurrencies by determining the exchange rate through DEX Reserve.
Second, ICX can be used as for DApp tokens U-coin, which is a DAPP developed by blockchain team for Korean University Consortium , ICX can be also a token for ICO platform like ERC-20.
Quick basic TA :
Falling wedge pattern, RSI oversold, bulls building up momentum... let's see how it goes.
Always remember of Risk and Capital Management.
The ugly duckling named Icon$ICX has been on steady downtrend since early May which was confirmed by a TK cross and price has continued to trade under the Kijun Sen (think of the Kijun as your slow MA), with an occassion bounce to the Teken Sen (fast MA). For the last month on the 1D, price has been ranging from about 1.28-1.78 (+/- a few pennies, a wick here or there). Presently the chart setup says STAY AWAY. Price has not reacted to $BTC bounces, price is nowhere near the Kijun (let alone the cloud), Future cloud is still bearish and RSI is still in the dumps. Once I get confirmation on the HTF that change is coming, I would stay away from this ugly duckling before she blooms into a beautiful swan.
Daily Divergence on ICONDaily and 3D divergences noted on numerous indicators. Volume is decreasing on a down move suggesting end of selloff and imminent reversal.
ICXUSDI predict a rise in price that could last up until the 28th, at this point the BB should contrast and then there would be a ne trend. The EMAs show a little downtrend in the past but looks to be becoming more stable in the future. The Fib's 78% comes in line just with the Resistance so the Target price is placed just at that same point. The SUpport is plaed just below the Support and closer to the Fib 0%.
ICX to test upward trend line???Possible bottom hit at 1.45...
Bull div on the daily... Its already touched the trend line 3 times...
Of course... all Crypto is dependant on Bitcoin´s performance... and its possible there is one more dip for BTC to the 5.5k area...
ICONic Divergence for ICX in RSI MACD StochIm playing an RSI divergence trade which has been working really well lately.
For more on this RSI strategy, please see the related link below... RSI and crypto trading.
Entry at 1.63
Stop at 1.41
Target at 2.16 OR
whichever happens first, the price when RSI reaches 60, OR the 100 MA.
If target approaches, and I can catch it, I will move stop trail it instead of exiting exactly at 2.16. While I know the risk, the target can fluctuate on these counter trend RSI trades.
This trade, if correct, will net about 2.4R
questions or comments, let me know. likes are appreciated.
Travis
JMJ - UIOGD
ICON ELLIOT WAVE COUNTA possible wave count for ICX SUDT, just a theory, I will be watching to see how this plays out. We are already very oversold so a short squeeze, if one were to happen, may invalidate this count due to external factors.
Icon needs a bounceJust a trend I feel that's very possible and how I believe ICON will have a breakout.
ICXUSD Dppo Buy Day & Waiting Dppo Buy WeekICXUSD Dppo Buy Day & Waiting Dppo Buy Week
EP: 2.025
SL: 1.900
TP: 6.000
ICON Could Have Formed Double BottomICON seem to have found the support at $1.85 area, that previously has been rejected twice, back in the beginning of April. At this support a Doji candle was formed on a daily chart and at the same time RSI has formed a bullish divergence.
This could be the point of a trend reversal, at the very early stage. Obviously it is too early to speak of an uptrend at this point, but it could be important to watch further price development.
Break above the downtrend trendline could be the confirmation of the change in trend, and perhaps result in the price reaching a new all-time high. But at the same time, daily break and close below the recently established low at $1.77 might invalidate such a bullish outlook and result in further decline.
