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ICXBTC formed bullish BAT and ready for bullish movePriceline of ICON (ICX) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: 0.00004404 to 0.00004327 Sell between: 0.00004588 to 0.00004861 So short term trade has potential to give upto 12% profit move. Regards, Atif Akbar (moon333)
Long
by moon333
ICX.BTC (Y20.P2.E1).Macro.PotentialHi All, Continuing on with the ALT coin topic\review where I am creating a shortlist, ICON looks like another great opportunity. Its another coin and area pay attention too. I have it bouncing off the 20 Weekly EMA. I'm bullish bias with many of the ALTs and hence based on the pr evious post on ALTS.LTC, I have it going up. Close up view, on the 8 HRLY and have the 10, 20, 50 ICON. Potential bearish div. on the Stoch and RSI. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari /CryptoProspa (for my reference > Macro.charts)
by ssari
1
ICX ANALYSIS (LAST PUSH TO 200MA) ICX ICX has been on a small run lately and push beyond 1800 sats. I expect one last push up to 200 MA and the short term resistance block at 1900-1950 sats. This will send RSI and Stoch to overbought and exhaust buyers. This is an important point, if this is rejected hard then a possible correct all the way back to support is probable. Otherwise, a break of the 200 MA will bring a new phase of buyers up to weekly resistance block at and over 2000 sats. Watch for the break or rejection at 1900-1950 sats before entering any new long!
by altchicasignals
ICX Possible new Uptrend formingICX recently broke out of downtrend pattern on the daily. Touched MA50 and currently above MA20, expecting squeeze between those 2 movinge averages (green & blue) Now why do i anticipate a possible uptrend? - Broken above MA20 with increasing volume (possibly with the start of Pre P-rep voting & staking). - Bounced on MA20 (allso golden pocket on FIB retracement tool) after correction. - Candles showing higher highs and higher lows. - RSI broke above RSI resistance at 50 and 50 is validated as support now. - RSI allso in uptrend. - MACD showing uptrend. At time of writing allready 81 million ICX staked and rising: tracker.icon.foundation If ICX breaks up, targets are: TP1: 308 sat TP2: 380 sat This is not financial advice, DYOR and enjoy the show
Long
by Dmoootje
ICX 20% Pull backICX is signalling for Bullish divergence as the RSI crosses back above 30. Seeing a pinbar bounce off the Bol-band and likely to retrace to the 61 fib at alternated support around 460 sats. Coupled with a bearish BTC, likely see the Alt market start to rally - However given the ICX/USDT market aswel, this is showing strong support in the order book and also very oversold. Out of all the USDT pairings, ICX is well positioned to outpace BTC corrections and hold steady on USDT pair, while rallying on BTC pair. Fundamentals are also good with recent updates and a higher TX count than ETH that was over taken on the 6th of June according to their Twitter. It has been a silent crypto this one, much like NEO as of late that does not get much spotlight yet they are the most volatile thus % profitable of the majors. 15m, 1hr, 4hr, Daily and Weekly charts looking well.
Long
by BiggyBalls
ICXBTC, impending breakout from a squeezeWelcome to this quick TA on ICX. As you can see a wedge pattern has formed while price coils in towards converging Moving Averages. We can also observe price has broken above the all three MAs, returning back to the mean. The other key pattern printed is an impending GOLDEN CROSS formation, where the 50MA is testing the 200MA. Three critical points to look out for: REJECTION - from the overhead resistance CONSOLIDATION - returning back to the mean, holding its support CONFIRMATION - breakout from the overhead resistance Good volume is observe, and maintained, signalling attention and accumulation. Risk reward ratio is extremely favourable given that we are so low compared to previous highs, its a no-brainer. The major overhead resistance we may see would be the 50MA on the daily charts. My planned exits would be 545 sats and 623 sats respectively, and maybe leave some for the ride. Stop loss for when it falls outside the wedge :) Happy trading
Long
by gingerbre4d