ICON seems to have build a bottom @0.00025 Thnxforthe tip aidanbI invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge!
Interesting coins, which I am looking to buy:
- EOS
- QASH
- Bitcoin-Gold
Do you have some good tips for crypto coins? let me know!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
ICON
$ICX #ICON - DOUBLE BOTTOM - rise high or fall deepHello Lads and Ladies,
for todays first TA we are looking into ICXBTC - one of the most traded coins on Binance.
Looking at the chart we see that we are coming to the very end of a long downtrend since February marked as the blue dotted line. This has been confirmed multiple times. ICXBTC tried to break the downtrend but failed to do so many times. Moreover, we have two more important lines of support when looking at the chart. The red horizontal line and the ascending blue line.
Recently we have seen ICXBTC taking off from the blue support line, failing to beak the resistance and then once again coming back to the blue support line, doing so it seems to have formed a double bottom, which is a bullish signal and might test the downtrend resistance once again. Here comes the interesting part. Breaking this downtrend would mean a pretty huge push for ICXBTC which then would find its first target at the 61.8% or even 50% trend line. ANYHOW, does it fail to break this very strong downtrend, we will very likely see the red horizontal support as the next stop for ICXBTC.
From there on, it will have to decide pretty quick what to do and preferably break the downtrend exactly where it crosses the ascending support. Should that not be the case we will continue the downtrend.
I personally, do not believe in that bearish scenario and see ICXBTC breaking the downtrend very soon. Nevertheless, the whole market has to at least hold on the same level that this happens, otherwise it will go down again and here you already know to which point.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
There is a trading opportunity to buy in Icon EthereumTechnical analysis:
. ICON/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0041 to 0.0034). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0041)
Ending of entry zone (0.0034)
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 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= @ 0.0049
TP2= @ 0.0061
TP3= @ 0.0070
TP4= @ 0.0075
TP5= @ 0.0090
TP6= @ 0.0105
TP7= Free
There is a trading opportunity to buy in Icon EthereumTechnical analysis:
. ICON/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0041 to 0.0034). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0041)
Ending of entry zone (0.0034)
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 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= @ 0.0049
TP2= @ 0.0061
TP3= @ 0.0070
TP4= @ 0.0075
TP5= @ 0.0090
TP6= @ 0.0105
TP7= Free
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.
DIGITAL ALPHA UPDATE ICX - For those bottom catchers, 65%Good day everyone! BTC on the daily is starting to show some doji action, meaning we could be close to our low. Usually we prefer hammers since the price action is faster, isn't that why we are in crypto!? For those that decided it was a good time to re-enter BTC, this trade is for you.
ICX is getting close to its bottom and we are anticipating one more minor drop for ICX, which we want to take advantage of (similar to our LTC trade). This trade has the potential for 65% return on our BTCs, tough to complain about that. Admittedly, ICX has been the most difficult cryptocurrency I have EVER charted...actually, the most difficult asset period, whether commodity, forex, stock, or crypto. There have been many surprises with ICX, but I will continue to learn from it. However, the one nice thing about ICX is that its predictability is tied to BTC. If we know where BTC is going, we know the general direction of ICX, which is what we are betting on here. After analyzing several trades: LTC/BTC, AION/BTC (near its bottom), ETH/BTC with leverage, BTC/USD with leverage, and a few others, this trade has a good mix of high return and low risk if we get the entry we are seeking. The other trades being looked at were either higher risk or 25-55% return potential. Also, I almost always use a stop-loss when trading, these types of trades I tend not too. The reasoning is the wick, which might take you out unnecessarily. We are already very close to the bottom (0.000215).
Our entry we are seeking is 0.000275. If we set a stop loss it would be 0.000254 (and then try to catch ICX at 0.00023). Our exit is 0.00044, with potential for 0.00052. If we enter at our target and exit at our first target, we are expecting 65% returns!
This was just a quick pick for everyone. Again, join our telegram so we can build up our base, for you (see link below)! We want to bring you free ICO airdrops, exclusive deals, raffles, lotteries, and more! Our group will be a fun place to catch up on the market, learn about portfolio management, while getting free stuff. Seriously, who doesn't like free stuff?
Anyways, signing off...good luck!
DA BULL
ICON/BTC 4hr...ICX Bulls Prepare For Battle. It's Defense Time Hello fellow traders and followers. Hope everyone is profitable and trading safe.
Wanted to get a quick ICX update, as I have had my morning coffee ;-)
Probable roadmap layed out. Will it follow my lines? Absolutely not lol. These are educational charts everyone, displaying a potential roadmap. Just wanted to let my fellow bulls know that longmoney is fighting. Prepare to defend! Stay tuned for updates ;-)
longmoney
ICX Short Term Play 4hrICX had a nice 22% bounce since the bounce from $7k. After some green days we are finally getting the pullback that is needed.
BTC is floating around $7.5k for the time being and can possibly retrace a little more around $7200.
That being said, a drop in BTC will result in a drop in alts.
This box that I've drawn is my buy zone and I have a few orders layered up.
Additionally, I'm looking to see if the candles hit the trendline which could signal a potential double bottom.
Things to add: Volume is declining signalling a potential break soon. RSI looks to bounce, historically, off the 20 or right above it.
ICXBTC - Buy Opportunity - 239% ROI - 24:1 Risk/RewardWith BTCUSD in consolidation mode, I've turned attention to the alt pairs leading into next week. Another coin on my radar is ICXBTC.
As you can see, there have been multiple breakout trade opportunities that have all reach target. I've left these on the chart for you to see. There is still a larger pattern in play that has not reach targets or broken key levels to invalid.
Therefore, we can assume consolidation is now occurring for the next big move UP.
Reasons to consider a BUY position:
Multiple breakout trade that indicate trend continuation
Price appears to be basing out near the consolidation zone indicating fewer sellers
Multiple consolidation zones to offer support (not all are shown)
Excellent risk to reward ratio on offer
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
$ICX #ICON Bullish trend delayed by the token swapLong time since I looked at the $ICXBTC chart, simply because I'm holding it for the long term so short term price changes don't matter so much, especially when BTC is bearish.
ICON team is working heavily on partnerships and dapps, there is little time for marketing it seems and the token swap is still not done, which I believe is the main reason for the price drop in the past months.
however the fundamentals are stronger than ever, the partnerships part and the real world usage is what keeps me very bullish about ICON.
The daily chart shows the same, it seems an uptrend range was established, higher lows, higher highs.
The crypto bull run can start at any moment, ICON will go along with that, especially if they manage to swap the tokens and start with the incentive staking.
ICX is a good buy and hold at the moment. The rest of the targets remain valid, even if dormant for the time being.
Enjoy!
$ICX bounces off support and up to test resistanceCHECK RELATED IDEAS - As you can see, over the past 13hrs, $ICX came down to support and bounced right up to resistance zone. Looks like it's a bout to test it soon with a possibility of piercing through (candle wick not included has to burst out from resistance). If it fails, back down to support.
RSI is also shown nice trend upward hopefully bursting into over bought zone and using 60.0 or 40.0 as support
ICX/BTC 4 hr...Lookin For That Reload With a Super Tight Stop...As promised, here is a quick update on ICON spread to BTC ;-)
Longterm bull on ICX. We had an algo target hit, providing confluence for a technical pivot. Although I do have my eyes set on some potential lower targets, my primary count is favoring the larger swing target, which is where I placed my trade once I saw the reaction. In full disclosure, I was stopped out on my previous trade but not knocked out. Recount, relabel, and reload is the name of the game. Take it from longmoney ;-)
Once again I'd like to point out that this is definitely not a place to get long--unless you are a super long trader who can go without looking at the chart for months. It is quite possible that the pivot is in and ICX will at least have some more upside after a healthy retracement. I have labeled my chart showing how I approached this trade, with the hopes that it provides some insight.
For my next trade setup, I will post a new chart as the price action develops.
Please trade wisely everyone, and don't buy at retail. My educational advice ;-)
longmoney
$ICX ready to breakthrough Resistance of 0.0003720?$ICX looking like it's on the way up to test the resistance of 0.0003720. On the RSI, it has started an upward trend and on the daily RSI it has spiked up out of oversold and tipped over the 40.0 mark. Making it look like it's the start of a new climb up for $ICX. But, I like to have other possible outcomes available to me and if it fails to breach resistance I see it falling into "Support Zone" down to as low as 0.0003450.
ICON: MARKET RECOVERY & PARTNERSHIP- PROFIT = 22.39% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 28th of May 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 22.39% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
May 8: ICON announced a strategic partnership with Japan’s first crypto fund, B Cryptos. This is supported by Japan’s top venture capital funds, B Dash Ventures by Japan’s leading cryptocurrency exchange QUOINE, which will invest in various ICOs and cryptocurrencies.
May 11: ICONest, ICON's token launch platform is launched.
May 14: ICON and LINE PLUS, a global social platform with over 200 million monthly average users(MAU) worldwide, has co-founded ‘Unchain’ to build LINE’s blockchain network. Unchain aims to develop various DApp services while building synergies with ICON to expand the blockchain ecosystem.
May 30: ICON announces its strategic partnership with TRIVE, a Venture Capital firm based in Singapore.
As ICON’s strategic partner in Southeast Asia, TRIVE will also provide green lane assessments of startups for expedited access to support from ICON. This would accelerate the development of new blockchain projects from Southeast Asia onto the ICON network.
Analysis suggests that increased interest as a result of the ICON and LINE partnership has generated interest and trading volume in ICON (ICX).
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ICX on the hourly!Hi all, jumping right into ICX/BTC
I dont usually do hourly charts, but ICX seems to be building a nice bull flag right after bouncing right off the 0.00030000 level.
I'm bullish for the following reasons
- Strong volume has come in (needs to be maintained)
- Golden cross on the Moving Average
- Seems to be building a base within the longer terms channel (in blue)
Remember to combine your analyses with the larger time scales.
However, for those perma-bulls out there, there is still a chance that if ICX fails on the blue trend and gets rejected on the Moving Average, it could spell disaster.
*Not financial advice*
GBTC PREMIUM TO NAV WITH ACTUAL BTC PRICE OVERLAYEDGBTC PREMIUM IS GREATEST WHEN BTC PRICE IS RIPPING AND GBTC PREMIUM IS LOWEST WHEN BTC PRICE IS TANKING. GBTC TAKES THE SENTIMENT SHIFTS IN EUPHORIA AND DESPAIR AND EXACERBATES THEM, AS IT REPRESENTS A LESS SOPHISTICATED SECTION OF THE MARKET WITH LESS INVESTMENT RESOURCES. IF ONE BUYS ON A BTC PRICE DIP WHERE THE GBTC PREMIUM TO NET ASSET VALUE CLOSE TO 30%, THE EUPHORIA THAT IS LIKELY TO FOLLOW WILL SERVE AS A STRONG TAIL WIND IN THE FORM OF A WIDENING PREMIUM AS THE UNDERLYING PRICE INCREASES. MAY BE EVEN BETTER TO BUY GBTC THAN BTC ON DIPS DESPITE ABSURD PREMIUM, PARTICULARLY IF THERE IS NO BITCOIN ETF IN THE CARDS FOR THE NEAR FUTURE. ASSUMING DISCOUNT TO NET ASSET VALUE IS UNLIKELY AND 100% PREMIUM TO NET ASSET VALUE IS POSSIBLE, RISK/REWARD FAVORS BUYING AT UNDER 30% PREMIUM TO NET ASSET VALUE
ICON's Oversold Bounce.Hey, I am back with Another TA , this time looking at ICON .
New partners, low price, ICX wallet and much more.
Lets keep this one simple and look at the chart quickly.
Few downtrend, uptrends, ressistance and one support level.
Quickly looking at Indicators
RSI has bounced off oversold level.
MACD starts to curve upwards with potential trend change as sellers are so far quickly leaving.
MA shows that ICON is bit undervalued.
EMA same as with ADA, is on decision point.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with ICON somehow clearer.
If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an update .