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ICON

ICX/BTC - trading the adam and eve confirmationDaily chart on left highlights Adam and Eve reversal pattern (A&E). With A&E reversal pattern we need the bottoms to be more or less at the same level for it to be valid. On the ICX/BTC chart it is a little stretch to call it the same level, but on ICX/USD it fits nicely. A&E reversal has a V shaped bottom (adam) followed by a rounded U shape bottom (eve), forming a double bottom. Adam, always precedes Eve. Once eve forms her high there will be a consolidation (handle). For the adam and eve reversal pattern to be valid we need to break up from this handle, which is happening now. In this case our handle is a falling wedge. Chart on the right shows 4 hour candles. We had bullish divergence on RSI and we saw strong move up beyond the upper limit of our falling wedge. We would like to see price be supported by the upper line, and then a move upward. EP: .00045-47 TP 1: .00069 (start of heavy resistance area) TP2: .0007752 (.786 fib retrace line and target from A&E) TP3: .00084 (end of heavy resistance area) *** not investment advice, educational purposes only.
Long
by Maximilian108
1
ICX Ready to GoI hope everyone held strong during that latest BTC tumble! ICXBTC hit a low of 4250 during this time but has rebounded nicely to 4340 at the time of this writing. We're starting to navigate the upper portions of the green target box that I drew a couple days ago. This is a great area to enter for the intermediate term as we have now formed a falling wedge inside of a bull flag. Savvy traders might wait a bit longer though for BTC to find support around 9000. It is very encouraging that RSI is on an uptrend while we have been in this wedge. I am expecting us to break out of this wedge to test the resistance of the bull flag within 24 hours. We will then likely bounce off resistance for a quick consolidation before breaking out of the into the next wave. In the grand scheme of things, we have to watch out for a potential rising wedge signaling a bearish trend, but for the intermediate term, ICX is ready to pop. Hang on to your hats! (NOT FINANCIAL ADVICE) If you enjoyed this analysis, give me a thumbs up!
Long
by ayBayBayBay
2
I am just an ICON Living! 50% Profit Potential :OBull market has returned, Don't miss out on these big Alt plays. ICON is next. Resting at a strong support, Stoch screaming undersold and selling pressure nonexistent, what does that mean? We're moving up! Dont miss this one boys --------- This will be added onto my Tradingview results spreadsheet once it has been given time to move (usually 1 week) Currently 90% of my signals reach their targets Over 400% profitable with only -19% hitting stoploss Please feel free to take a look, Links with proof provided for every signal. docs.google.com
Long
by Rangjung
ICON - The path from hereBelieve we are still in a Primary wave 3 for icon with plenty of room to move up. 1. Primary Waves 1-2 would bring the end of wave 3 around the 7000 mark 2. Looking at subwaves in wave 3 would bring the end of wave 3 to 8372 and it just does not look like ICON will get there 3. Drawing a parallel channel across the entire expected move gives us a clearer picture of what may happen with this chart 4. Primary Wave 3 Subwaves - Wave 1 looks to be extended so we should not expect an extended wave 3 or 5. Wave 3 can not be the shortest so must be longer then subwave 5. This leaves us falling short of the 1.618 extension on the subwaves but at or above the 1.618 extension on the primary waves 6. Assuming parity between primary wave 1 and 5 we reach final target Buy in: Around the 4600 mark. Laddering down to 4100 would minimize risk if bottom of channel gets tested. Target 1: 7000 Target 2: 8045 Target 3: 9435
by Murdiuss
1