ICX TA and MoreHere i am again with a TA of ICON (ICX)
After the correction ICX created a new handle to the cup, yesterday (05/30/2018) we had confirmation of a succesfull launch of the ICO platform.
See here: medium.com
Allso we have a new date/shedule fot the Launch of ICONest webpage
- Launch of ICONest webpage: May 11th
- Design upgrades and UI/UX optimization
- Open to the public upon completion of the main net token swap on all exchanges..
Until now, allready 6 ICO's will be created and launched on the ICX platform
ICONest is a service designed to simplify creating your own DApp project.
Development of the ICONest service is complete. Blue Whale, the first DApp built on ICON, is currently utilizing ICONest for their Token Sale. While the DApp teams partnered with ICON will be the first to use the ICONest service, it will eventually be open to the public.
In my opinion ICX is very undervalued and ready to see a new ATH soon and it wil not stop there.
Comments are welcome and normally the drawings on the chart speak for itself.
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Iconbtc
ICON (ICX) Quick bounce up looks likelyHey everyone! After a 10.91% correction from its highs, another bounce looks likely for ICON as it is once again trading around support. This trade could fall through so I recommend considering a stop loss somewhere under the support zone.
Trade Signals:
-ICX hovering around 4700 satoshi's, which has been shown to be our current support level on the 4 hour chart.
-RSI is not falling below 40, and frequently hits 70, meaning we are still in an uptrend. If the RSI drops below 30 and is unable to hit 70, it may signal the start of a short-term downtrend.
-The Stoch RSI, which identifies short-term trends, is below 0.2, indicating ICX is currently oversold.
-We are still in an altcoin cycle, and people are still very bullish. Not to mention coins are once again reaching all-time highs.
How to trade:
Buy in:
- 4600-4700 satoshi range.
Targets:
5000-5100 satoshi range, where ICX was rejected twice.
5700-6000 satoshi range, which has shown to be resistance months before.
Stop Loss (If you decide to use one to reduce risk):
-Somewhere under 4700, but I believe the chance of getting whipsawed is very high.
Thanks for viewing! If you have any thoughts, please take the time to write them down. It's how I ultimately improve my TA.
On a side note, do you believe Asia is currently doing most the selling in this market?
ICON is Breaking from the Cup and Handle Breakout Pattern!Hey, I am back with another Technical Analysis, this time taking look at ICON.
So, Yes I have seen this C up and Handle few days ago but I wasnt sure if its gonna lead to breakout due to incoming sellers and MACD giving bearish signal.
ICON is a token with a rank of 18 in the Crypto market.
Looking at the chart, there is clear Cup and Handle with breakout happening, ressistance of 4.600 was succesfully broken. Currently there is really a lot of Cup and Handle patterns in this market.
Taking look at indicators.
MACD gives clear buy signal, RSI is really high which shows high demand.
What more to say.. Buy now or regret later. By buy now I mean find a good position!
Hope I made your view on whats going on with ICON somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
[LONG] ICXBTC, 4H ICX TA, strong targets$ICX @helloiconworld will release their mainnet with the following Dapps/features on 30th April
- T-Bears (SCORE dev tool)
- ICONico (ICO Platform)
- ICONex (Mobile)
$ICX is a solid project and hold after 30th April. Roadmap for Q2 is very promising:
- ICX/ETH Dex
- SCORE Lite (Public Channel)
- IISS Launch (ICON Incentive Scoring System)
medium.com
www.ccn.com
ICON: BULL RUN LESS THAN 24 HOURS = 14.22% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 23nd of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 14.22% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
1. 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/
2. April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
It has been noted that 44.76% of all trading volume for today is coming from Korean Exchanges.
Analysis using the Crypto Bull/Bear Signal suggests the move may be in line with an increase in buying activity as a result of this news.
ICON ICX-BTC | BULLISH RUN with REASONSDear TradingView'ers,
ICX offering a great platform for many future projects and have actively working system that is being tested in South Korea,
Our indicators show a bullish trend. Let me explain it in more detail;
1) ICX found support on CryptoCholics
2) Green line crosses Red line -> Short term golden cross
3) CryptoCholics is showing entrance of buy side volume
4) CryptoCholics is signaling STRONG BUY
We can set our exits at 50k if BTC stays strong above 8k USD.
Follow for more, stay tuned!
CryptoCholics @ tr.tradingview.com
Disclaimer: This is not a financial advice
ICON Trading Opportunity ICON showing signs of strength again after 36% correction from Bitthumb pump
Signals:
ICX having a hard time breaking through 3375 resistance, which is the 0.382 fib level
RSI: Very strong. In crypto we know the RSI is very accurate at predicting short term price drops, and this one is approaching the overbought zone on the 4 hour. However, a very strong RSI can also be a good thing if volume can match.
Bitcoin dominance on a decline again, we can safely assume alt season is likely here
How to trade:
Safe: Buy in at 3400 sat level after convincing volume allowing it to fully break out of the 0.236 resistance
Sell points:
0.618 fib level, where previous resistance was
Risky: Buy in at 3400 sat level after convincing breakout.
Sell points:
4115 sat level
If you don't agree, please leave the reason in the comments. I will read and consider all your comments and use them in my next TA's.
Is ICX starting a wave 5?I believe $ICX is starting its wave 5 uptrend of an Elliot wave. It should find resistance at the peak of wave 3 of this trend drop for a bit and then have one little last push up. It almost looks like a "cup and handle" is forming out from the previous uptrend we had in March with Icon. We could see (maybe even close to) the high ICON had in march of 0.00047890 satoshi's soon, but not yet.
This is not financial or trading advice, I only do this for fun. Constructive criticism is always welcome
ICX to follow Verge's (XVG) momentum ? (+500% potential)Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement.
Now, first of all, prepare yourself for the typical buy the rumour, sell the news phenomenon. Make sure you have your stop losses set. This might be a timing for the handle to start forming.
Verge:
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Could Verge be running two weeks ahead of Icon?
Moving on to Icon, we see that we have been forming what seems to look like a cup & handle formation, which you can also find back in one of my previous posts on ICON:
"ICX diving right into the 2nd part of a cup and handle?" (posted on March 12th)
If we look at where we are today, we are seeing a continuation of that pattern forming:
Given that ICX will announce its ICO platform and the IISS launch the 30th of April, we have ourselves some fundamental catalysts as well to get the price pumping.
Moreover, indicators are also lining up quite nicely and are evolving similarly to Verge previously.
So while Verge is currently on a rampage, ICX seems to be following a same pattern (potentially, and with like a delay of 2 weeks), AND there are fundamental catalysts to back this scenario.
Of course, I urge you to DYOR, and I also make this gently request to give a thumbs up if you found this post entertaining or educational or helpful in any way :)
Happy trading!
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FYI - post published on February 28th, preceding the triangle break-out:
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