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ICON

Icon - Testing Downtrend from July '18 (ICXBTC)Liking this setup here for ICON (ICXBTC) for a mid~long term play if we can break trend. We are currently testing a daily downtrend from JULY of last year and are 98% down (jesus) from all time high in BTC. This has been one of the worst performers in the alt coin bear market and could finally be ready to turn it around. This one can be a slow mover so I would enter this trade with a longer term mindset. Entry: Daily close over trend line (195~200 area) Stop: 4~5% from entry Targets : 240 (short-term) 286 (mid-term) 404 490 Good luck! BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX RVN Tips: RPtFfvxZAdBwNdQpG1jMwEnxhviCwkkcoJ
Long
by TraderoftheCorn
ICXUSDT has formed bullish BAT | Upto 93% profit possibilityPriceline of ICON / Tether US has formed bullish BAT pattern and entered in potential reversal zone. RSI is oversold. Volume profile is showing weak interest of traders here. We also have a strong support of 0.1807 sats just beneath the potential reversal zone and price action has already hit at this support 1st time after Feb 2019. I have used Fibonacci sequence to set the targets: Buy between: 0.2412 to 0.2129 Sell between: 0.3095 to 0.4117 Regards, Atif Akbar (moon333)
Long
by moon333
ICON Price Analysis ICX / USD: Sisyphean TaskFundamental Analysis ICON has gained weak bullish momentum after the project announced that its planning to give away 3 million ICX tokens to encourage community to participate in the full node election. ICON is about to launch the first stage of its ICONSENSUS program, where its participants will vote on-chain in the election of full nodes. Pre-voting will commence on August 26. ICON / USD Short-term price analysis ICON has a bearish short-term bias, with the ICX / USD pair now trading below its 50-period and 200-period moving averages on the four-hour time frame. The four-hour time frame shows that the recent bearish short-term dynamic remains in play, with the ICX / USD pair creating lower lows and lower highs. Technical indicators on the four-hour time frame are attempting to turn bullish, although the signal remains weak. Pattern Watch Trading should note that the bearish range break on the daily time frame is weighing on the short-term technicals. Relative Strength Index The RSI indicator is attempting to turn bullish on the four-hour time frame, although momentum is weak. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal. ICON / USD Medium-term price analysis ICON has a bearish medium-term outlook, with the 50-day moving average crossing below the 200-day moving average. The daily time frame is showing that a huge technical breakout has occurred, with ICX / USD pair moving below a sideways price channel that has been in place since March 2019. Technical indicators on the daily time frame are bearish and are currently extremely oversold. ICX / USD Daily Chart by TradingView Pattern Watch Traders should watch for a potential double-bottom formation if the ICX / USD pair fails to break below the February 2019 trading low. Relative Strength Index The RSI indicator on the daily time frame is bearish and is also extremely oversold. MACD Indicator The MACD indicator remains bearish on the daily time frame, although it is currently extremely oversold. Conclusion ICON shows few signs of staging a recovery on the four-hour time frame as the ICX / USD pair continues to post bearish lower lows and lower highs. The breakout from the sideways channel on the daily time frame has prompted heavy technical selling, placing the current emphasis towards the February 2019 trading low.
BINANCE:ICXUSDShort
by CryptoBriefingTA
ICX Setup (ICXBTC)Looking to enter ICXBTC here in 0.0000266~0.0000272 range. Over the past few days we've broken out of the downtrend and successfully back-tested. Closed above the valley at 0.0000271 and now forming uptrend. This ones a big of a slow mover lately so might take a few days to climb but looks pretty low risk and potential for breakout soon as we've been stuck in 250~300 range for over a month. Laddering up from 0.0000261, setting stops below here. Also on the FA side there is staking coming up in August so this could be in for a quick pump if Binance announces support. (see $KMD, $XLM over the past few weeks) Entry: 0.0000266~0.0000272 Targets: 0.0000288 0.0000339 0.0000404
Long
by TraderoftheCorn
ICON Price Analysis ICX / USD: Staking Out A Price ChannelFundamental Analysis ICON is gaining bullish momentum in anticipation of the launch of staking on its network. In August, ICX holders will receive incentives through ICX Staking and Voting reward. This would result in about a 15.81% maximum annual reward and could attract more HODLers to its network. ICON / USD Short-term price analysis ICON has a bullish short-term bias, with the ICX / USD pair recovering back above its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a large head and shoulders pattern still remain present, with ICX / USD bulls still unable to invalidate the bearish pattern. Technical indicators on the four-hour time frame have turned bullish and continue to generate a buy signal. Pattern Watch Trading should note that the downside projection of the bearish pattern would take the ICX / USD pair back towards the February 2019 trading low. Relative Strength Index The RSI indicator has also turned bullish on the four-hour time frame, although it is approaching overbought territory. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to generate a buy signal. ICON / USD Medium-term price analysis ICON has a neutral medium-term trading outlook, with the cryptocurrency trapped in a period of consolidation around its 200-day moving average. The daily time frame is showing that the ICX/USD pair is trapped within a sideways price channel, highlighting the directionless nature of the cryptocurrency at present. Technical indicators on the daily time frame are now starting to generate a buy signal. ICX / USD Daily Chart by TradingView Pattern Watch Range trading is favored until a clear technical breakout has occurred from the sideways price channel. Relative Strength Index The RSI indicator on the daily time frame has moved above neutral and is now issuing a buy signal. MACD Indicator The MACD indicator is rising on the daily time frame, with the MACD histogram and signal line issuing buy signals. Conclusion The recent strong rally in ICON has failed to change the short and medium-term technical outlook for the cryptocurrency. The sideways channel on the daily time frame highlights the overall uncertainty towards the ICX / USD pair, with the cryptocurrency still trading some thirty percent below the top of the price channel.
BINANCE:ICXUSD
by CryptoBriefingTA
ICX/BTC - Longterm (altseason) plan - 4503% Potential at ATHIcon BTC My plan for the upcoming alt cycle, starting with Icon ( ICX ). Well known for its solid fundamentals, high chances this project will be among the high gainers if/when the next altcoin cycle starts. Currently, we're able to draw a high timeframe falling wedge, and after almost a 98% drawdown a relatively cheap project to pick up. Aiming for an entry at 574 satoshi's, as indicated on the chart, as this is the lowest point in history which ADA has seen. Profit target 1: 553 (176%) Profit target 2: 1959 (979%) Profit target 3: 5168 (2584%) Profit target 4: 9007 (4503%) Stop loss: Riding this one out without a stop loss, this will be a longterm plan. For those who feel like having a stop loss on your investments, I can recommend anything under 100 satoshi's (the lowest point of the wedge ). Don't get faked out! Best of luck, may the target entry and profit targets get hit, in that order.
Long
by thenoobgame
3
ICX amazing entry approaching!!ICX is making fibonacci and elliot wave love. You can see that in it's past mini wave cycle and its current continuation. Patience pays off. Waiting for further downside, possibility It can be front ran so scale in or just start buying first sign of hourly uptrend (safe trading) I'll be updating a day trading thread of ICX with minor moves on my twitter. I can no longer link the thread, because of tradingview rules. Find me on twitter - fractalPSYience Oh yeah icx is getting a lot of hate because it wont be available to Americans soon since getting kicked off binance. Let's see if the whales and market care.
Long
by ChaseWallace
1
$ICX $ALTS yikes edition... Be careful!ICX is one of many alts that are currently printing new all time lows, entering into price discovery. $VET $MFT $SC $KEY are some other examples that are also printing all time lows. I wouldn't necessarily sell here, but you should be very careful when buying alts right now. There are some exceptions such as $GRIN $BEAM that are looking very strong at the moment and then there are some like $ZIL that look good compared to the rest. With BTC looking so strong at the moment, I would just hold btc and be patient with most alts. If there is an alt-season coming, remember it wont just happen over night. You will always have time to enter, and its much less risky if you wait for an uptrend confirmation. Patience pays!
Short
by Dylansfeebleco
2
ICX > 700% PotentialI will be the first to admit the recent bullish gains over the market have been surprising. If this trend continues then I predict that soon ICX will receive a massive bull run of it's own. The ICXBTC trading pair is at new ATL's, which is risky but also very rewarding if my prediction is true. Do your own research on this Korean project and you will see that they have been hard at work and it is only a matter of time before the price catches up to the potential. My position is currently switched to long and I plan on holding that position as long as the market continues to look healthy in general. I will continue to purchase as much as possible each time the price dips. Do you really want to miss out on massive gains? Timmy!
BINANCE:ICXUSDLong
by timmy_aussie
3