ICON short term longA long trade based on ascending triangle and volume profiles. Longer term trade is also in progress.
ICON
ICON – ICX – 4100% Profit/loss ratio. Seriously?Hi Guys! Seriously.
We noticed that ICX has made a nice growth recently.
Let’s take a look at the technical analysis.
• Very low at Fibonacci scale
• The lowest level ever was around 850 satoshis so we can lost from the current level 200 satoshis. On the other hand, ATH was at a level
nearly at 9200 satoshis. Hypothetically, we can win 8200 st and lose only 200 st which makes the following equation 8200/200 * 100% =
4100%. WOW. This is the best profit/loss ratio we have ever made.
• On the second chart you can see stable growth - slowly but surely - support defended 5 times
• MACD – positive trend – higher lows since a couple of months and bull’s cross over 0 level
• Weis Waves - supply has evaporated and finally, demand has shown up
• Ichimoku Cloud - far over TenkanSen & over the cloud & TenkanSen (red) crosses KijunSen(blue)
• We noticed on google trends that “icon coin” recorded significant growth in the UK
Take a look at the link
trends.google.pl
Fibonacci targets to achieve:
Target 1: 0.00002813
Target 2: 0.00004033
Target 3: 0.00005019
Target 4: 0.00006005
Target 5: 0.00007408
Target 6: 0.00009196 (ATH)
So Guys. This looks promising and what is more important it is safe.
What are you feeling towards this coin? Do you have a similar view?
Please do share your comments down below.
HUGE Hugs!
WBM Team
[ICXBTC] ICON Returns [550% – 800% + PP]I want to give another try at ICON ( ICXBTC ). We are still in an uptrend, since the last breakout, and this coin has huge growth potential. Over 800% to all time high.
Trade instructions by Alan Masters
Buy: 0.0000910 - 0.0001020
ICON ( ICXBTC ) targets for Alan Masters Trades
(1) 0.000132
(2) 0.000162
(3) 0.000196
(4) 0.000253
(5) 0.000300
Stop loss: Close below 0.0000767
GOD BLESS TODAY
Thanks god for this day, today!
Thank you for another day of grace.
Thank you god for another wonderful day...
God bless today!
Namaste.
Icon Icon is ready to breakeout from this triangle.It seems it has found it's bottom.
Rsi is surpressing upside. Good risk/reward.
ICX/BTCICX has found a bottom and made an impressive rally. Since then it retraced and hit the support at 0.000085.
We are now moving inside the channel. A break up should take us to 0.786 fib level. A break down , however, will take us to support, outlined in red.
But now is a good entry point with a stop loss at 0.000095
ICXBTC: holds strongThe support was set. But being such an obvious level, it is a target for an attempt of the false breakout before the confident rise. The length of the accumulation at the bottom here could be longer than for the other alts, but then eventually it must be released to a significantly higher ATH.
Not a financial advice.
ICX in a strong uptrendICX found bottom at 910 and now grows up. I have a whole bunch of patterns with many trendlines drawn. Each line cross will be supported by big volume and rapid price change (in one of directions).
We have support at 1000, smaller support at ~1026. Areas slightly below these lines are good buy zones.
Than we have resistance at 1070, 1150, 1250 (first strong resistance) and breakout area around 1370. Each resistance will become support once broken. Below each support is a potential buy zone.
If BTC is flying to the moon, ICX will fly side by side reaching 1560, 1870, 2080 and 2450. But that is absolutely uncertain possibility. Especially in time terms.
Day chart for bigger picture.
SL for bad scenario and buy back areas – 950 – 890 – 855
Fundamental analysis - I don't trust fundamental but I just happen to hear the news that one of Korea’s biggest insurance firms SK partners with ICON. Maybe true? I don't know.
P.S. Not a financial advice. For educational purposes only.
A Nice floor made on $ICX, is it the bottom?We love to see this chart. Looks like ICON just finish it's first price action wave. Which is we think that the bottom is in. Why?
1. Price is back to the level where it was started on the first day it listed on Binance. Under 10k sats is really a bargain.
2. The price action getting closer with the ichimoku cloud, which mean it's getting closer the reversal. it isn't valid yet, but can use this as additional opinion.
3. Another indicator which as you see that ParLE and ParSE again says that will be a good entry right there.
but RSI level is showing a bear sign which we're not really happy. above all R:R ration on this chart is quite great, supported by fundamental reason we think ICON is one of the coin we should play in in few weeks ahead.
ICX possible come back Big volume trading currently at ICX and it seems to be increasing daily.
There is a bullish divergence with the volume and an bull momentum forming,
Chart is self explanatory.
Be safe
Beware of ICX rising wedge on the very short termIf you are a scalper, beware of this pattern have tendencies to make price fall little bit lower. Support above if you really wanted to get in.
ICX - Good buy between $0.2- 0.3$ ICX has been in a pretty strong downtrend. It made a corrective 3 wave down up instead of 5 wave impulse up that would suggest that it has another leg down before short term trend reversal.
ETH is also weak and will make another leg down. ( very good indicator of health of alt markets )
Planning to buy between 0.2-0.3$ for best to risk to reward setup on ICX.
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis:
. ICON/ETHEREUM is in a range bound and the Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002910 to 0.002380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002910)
Ending of entry zone (0.002380)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003400
TP2= @ 0.003730
TP3= @ 0.004440
TP4= @ 0.004940
TP5= @ 0.005920
TP6= @ 0.006900
TP7= @ 0.008290
TP8= @ 0.010070
TP9= Free
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis:
. ICON/ETHEREUM is in a range bound and the Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002910 to 0.002380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002910)
Ending of entry zone (0.002380)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003400
TP2= @ 0.003730
TP3= @ 0.004440
TP4= @ 0.004940
TP5= @ 0.005920
TP6= @ 0.006900
TP7= @ 0.008290
TP8= @ 0.010070
TP9= Free
ICX (Icon) 9.4.18 - DailyBullish on ICON, a breakout above resistance will be a major move. See S/R for entry levels and exits.
ICX Strong Buy - Sept 2018 After dropping nearly 30% in its most recent drop (early July), ICX has been recovring and building a strong base. Expect bullish reversal continuation and a climb back to regain lost ground over the course of Sept/Oct 2018. This is under the bias that the market has bottomed and as a whole is reversing to the upside for end of 2018.
1D ICX setup using Ichi, HA candles and TrendMasterBullish
* TK Cross
* HA bullish signal candle printed via TrendMaster
Reservations
* TKx—weak signal strength as we're under Kumo still
* Bearish Chikou till we get a break out and above from price 26 periods ago
* Bearish Kumo Future
Idea contains possible paths for Chikou as well. After going through past price resistance, it will encounter Tenkan and then Kijun.
Still learning Ichi. Please do let me know if you have any tips, etc. Constructive ones are the best. Thoughts? Thanks
ICX in a descending wedge - looks like a possible break upwards You can see the descending wedge in the chart which it has been respecting and within the next 24 hours or so it will make a decision on where it wants to go outside of the wedge. Generally these wedges see a break up. Volume is decreasing as it's consolidating as you can see from the light red arrow on the volume bars.
Initially from the jump it was forming a bull flag which looks to have changed into a wedge. The jump might not be as high as my target there - it may only reach halfway up since bitcoin is nearing resistance. I'm going to set a stop loss at entry if/when the breakout happens
Like the analysis if you found this useful.
Desc triangle on ICX 4H* Fighting the bears atm
* Seems to be the 4th touch on this level of $0.58-$0.60
* No support from Ichi
* Waiting on confirmation of bearish signal candle (might print below EMA cloud, gray)—2.5hrs to go
* If it doesn't hold, mostly likely to $0.54.... lower thereafter
Icon - no hope short term.Let's assume bitcoin stays the same at level 7200 then we have a bit more down in this slow ass pace.
Otherwise dump as hell to this support line at 27xx level.
for now that's short.
