Potential Cup & Handle forming on ICXBTCHello World!
Quick little analysis for you. Again, I believe that BTC will retrace soon, and with it the rest of the market. ICX hit a double-top which made it oversold and triggered a retracement. I think this will continue to the 2nd uptrend support & 0.618 Fib Level. This should create a nice size for a 'handle'. Upon completion of the pattern, my target would be the breakout 1.618 Fib Level. ICX also has a strong catalyst that can fuel this rally. The 'Main net' releases around the same time as the breakout and should be a major catalyst for a nice bull rally.
So, the plan is to stay out until it reaches the first target (bottom of handle) and then to HODL it until the end target.
Don't forget to use stop-losses!
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I charted these live on my Twitch stream. 4/24/2018
Iconomi
Want A Profit? Here is your well overdue Delivery!Ready for lift off, ICN is just starting to pick up some major momentum for some MASSIVE profits. Here we can expect a very nice return, one that should be collected over as little as a few days.
Now you will see the macd is just crossing and on the 4H doesn't show an abundance of room for growth however on the daily we look great.
The coin price is low and not far above its initial bounce point from the coin release, this allows us to have a well priced coin that is yet to see any serious attention.
The daily chart is just about to close over the 50EMA this will provide us strong support, you will also see on the volume indicators that just over the past 24 hours volume is creeping back in. This is good.
Momentum is there you will see the RSI running nice the Chaikin indicator support MACD momentum these are all bullish signals. The only thing that this coin is missing is volume but since that is creeping back now we will hit a breaking point and this is why I have just opened up a position now.
I suggest still running a stop on or below the black line, however we can enter and enjoy the ride knowingly we are buying at a price close to this coins lows allowing for plenty of room for growth.
Cash Is King!
Maybe C of B or 1 of C either way im outWe might see a little push up however i dont see it likely Its short time. Unless your longterm holding. I see btc breaking so Icons price will only move up with it going down or staying relatively the same. I dont for see a huge drop however looking at it as a 1-2 move in wave C we could go lower than target and hit the 1 for 1 on C wave again
Iconomi (ICN) - long term bull initiatingI usually don't publish charts publicly, but this one is something special.
ups:
- one of the rare with working platform
- price to book ratio 0.74 @0.00021 btc
- fiat gateway coming soon
- utility functions to be announced in the middle of March
- great, dedicated team
- millions flowing into DAAs
cons:
- little or no communication from the team (this one might as well count as an UP)
disclaimer:
I support Iconomi and hodl ICN from the ICO times. I believe, this project will be one of the most prominent in crypto space.
This is not a financial advice. Hodl, don't trade.
ICN update - Iconomi holds firm while other Alts fade awayThree scenarios. Probable recovery, but Indicators not looking too healthy, be aware of BTC drop off and market sentiment.
Not financial advice - DYOR
Iconomi 3rd wave due shortly - ICNBCTRSI coming into line for start of 3rd wave. Still a small drop to come followed by a good run up.
See graph for details, waves plotted, fib retrace and extensions.
Held back with drop in BTC which is a normal cyclical prime wave retrace to 9.5k
Not financial advice
DYOR
My prediction of Iconomi (ICN)Hello guys, I just wanted to tell you that this is my first "prediction" on TradingView, so I would very much love some feedback and comments :)
We can see that the first run-up shows a clear first wave (1), and the correction shows a correction wave (2). I think that we will see a third wave coming within the next 24h or so.
Target: 0.0037330 - 0.0040400
Hope this can do some good :) As I said, I would appreciate some feedback!
ICONOMI - ICNBTC In Bullish Possition - BIG POTENCIAL Iconomi will go up big time again. There was a breakout in target is very high! MASSIVE Potencial!
If we get the right pull back! Its Party Time.Hey followers,
I have been watching ICN/BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality support area in focus.
Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are looking for a pullback to the 0.000190 and 0.000186 support band. The support support band coincides with the 38.2% fib retrace. This band is support taken from the Daily chart.
Once we get to our level we are looking for a decisive buying bar (closes by the top) on a Hourly or 4 Hourly bar, and we will buy when the high of that bar is taken out.
Entry high of the buying bar bouncing from the support band.
Stop loss below the bar and the band 0.000183
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Target 1 The first bar on my timeframe that closes above my entry bar
Next Targets before the blue dotted lines
0.000205 Target 1
0.000219 Target 2
Enjoy guys lets get some profits in the bank!
Iconomi BreakoutEntered a small position on the break of the wedge formation confirmed with increased volume.
Currently looking at the price action on shorter time frames to see if I can get some more in at a better price.
Check out my youtube channel for more detailed information on my trades and market analysis: www.youtube.com
ICONIMI Breakout for 2018Again, very simple chart with an obvious trend. ICN breaking out after a long down trend. This is a project well worth studying the fundamentals, and critically has not been visited by the P&D gangs meaning less hype more value. Essentially, ICN is an ETH based project where ICN is used as a representative token for the whole project where ICN manage their own fund and burn ICN tokens on the basis of profits made through their Pinta Digital Asset Array Managed Fund. In addition to this, they also host other DAA managed funds where companies such as Columbus Capital manage their own fund and where you can buy directly with ETH or BTC and where you can receive the funds native token back to your wallet. Further to this, Columbus Capital will be releasing the first blockchain stock on the Irish Stock exchange titled Blockchain.ONE which will in essence be a direct fiat gateway in to Crypto.
Surely this is worth a little bit of time on your part for due diligence? From this perspective, the fundamentals are there, a critical mass of DAA's are now opening, and ICN's Price to book ratio is as follows:
"Price to Book ratio for ICONOMI closes q4 at approximately 0.82 (lowest quarter ever). ICONOMI has more company owned assets than the total market cap of the company. The S&P 500 has a P/B ratio of 3.43 ."
Also to note that 500K to 1MM is entering ICN DAA's on a daily basis. Your call....
Icon (ICX) Dip before moon the 24th?The indicators seem to be bearish at this moment on the 4h chart. In my opinion we will see a dip towards lower levels around 7477 and 7266 satoshis before moving back up. I do recommend to buy back before the mainnet launch on the 24th as that will likely make the price go up again.
Tip of the Day #Iconomi Dual Daily Chart - Time to fill the bagAnother coin that I've been looking at and I think it has reached that sweet spot to get in and ride the upcoming uptrend wave.
As usual, let's wait and see...
Long ICN - IconomiSome of the top crypto-currencies by market-cap do not have a working product.
Worse there are outspoken scams.
Dumbmoney is overvalued.
Maybe Smartmoney is undervalued?
Summary: ICONOMI is an Ethereum smart contract start-up company, developing a blockchain-based digital asset management platform.
website: iconomi.net
Per the 2017 Q3 financials report they have at least $100M in crypto-currency assets.
medium.com/iconominet/iconomi-financial-report-q3-2017-45dc25f30730
As of Saturday, September 30
Top Holdings ( % change sense 9/30 )
Byteball - $2M (+270%)
Bitcoin - $4M (90%)
Lisk - $10M (140%)
ETH - $18M (240%)
Long time frame falling wedge on ICN/BTC, volume confirmed.
Entry: 0.00025
SL: 0.00019
Target 1: 0.00075
ICN getting wild - up 100% in a minuteICN seems to be bouncing from previous "ATH" with high volume. According to 1 minute chart it seems like someone just bought a lot of ICN (maybe pump and dump?).
Also it looks like the trend is strong, whenever price touches trendline it bounces off heavily. According to this and other indicators still have upside potential it seems like a good opportunity in short time.