ICXUSDT AnalysisI am mostly positive about ICX. There was a moon signal on July 4th. In addition, the MA 20 (blue line) is above the MA 50 (yellow line), indicating that it is time to buy it. Engineering Robo Cloud is also green, indicating a time to buy. The candles are continuing to move above the upward trend line. I can buy now, and if the candles continue to move above the upward trend line, and then break the 0.6575 resistance line with an open-close candle above it, then I can sell it at a more than 50% profit. If, however, the candles move down and pass the 0.3720 support level below it, I can sell it.
Icx
$ICX : Korean Etherum with great FAICX in a new accumulation range after a first move.
Check supports & resistances
In USD drawing an asending triangle with 0.42 - 0.44 USD before high move
ICX got great fundamentals (Using information from Markus - ICX Team)
- The only Korean blockchain company to receive the Ministry of Science & ICT
- ICON’s breakthrough LFT 2 algorithm was praised by an audit from a top Korean research university
- ICONLOOP’s MyID (DID Blockchain solution) is the only DID solution that’s been approved by Korea’s FSC (SEC equivalent) and currently in use by 70+ entities including Korea’s 4 largest banks and the likes of Samsung Electronics- MyID is one of the strongest potential contenders to replace Korea’s Accredited Certification.
Months of consolidation come down to his moment.Daily completed an Inverse H&S since January highs. Did what looks to be a final shakeout which touched support around 3100 sats followed by a 4hr H&S with another shakeout at 3200 sats. DAily RSI Divergence up and in over sold region. I say up up and away. DYOR. THis is crypto.
ICX Short term - ALT PUMP 100%ICX just flipped bullish, on Chart wise, ICON is VERY bullish, steadily accumulating to the incoming pump.
MACD flipping bullish on D1.
Many features are coming to ICON on these years!!
Will we see ICON back to $13? it is only roughly 40 cents now. An easy X10 to $4.
Icon ICX is the only dominating blockchain project in Korea. They will live forever on this crypto world!
ICXUSDT ANALYSISBased on my analysis, now is not a good time to buy ICX because the candles are between the support line(0.2880) and the resistance line(0.44). Therefore,
If you wanna buy, you should wait,
a) the candles go down at the support line(0.2880), or
b) the candles pass the resistance line(0.44).
However, you have ICX,
you should wait at the resistance line to sell it. Also, you may get help from EngineeringRobo's signals.
ICX/BTC to mave a move upwards!?After what looks to be an accumulation period which went from Feb 10th to June 29th price has recently broke through the Weekly Resistance of 4139sats and is now back testing as Support. If price holds this Support there should be nothing stopping it from having another attempt at the Monthly Resistance of 5500sats. However, if price were to lose this Support then it would have formed another Lower High which would be a bearish sign....
ICX.BTC (Y20.P3.E1).Upward pressure building upHi All
Just below the current strong resistance we have a ascending triangle.
Can it break through this without another pullback is the question and risk.
12 HRLY chart, close up
3Day chart, 13 hrs to go, bullish candle so far
MACRO overview
My thoughts:
Based on the RSI, I feel its going to spring up as its above 50% on the bounce, the bullish area and you can see the RSI reflecting the squeeze.
Tell you the truth, I don't know if it requires 1 more bounce in this small range.
With the 2 touches to the top and 2 touches to the bottom complete the ABCD formation with E in the middle.
I think it has a good chance breaking to the upside.
How to trade this?
I want to see how the 12 HRLY candle closes (1 hr left)
Cheers,
S.Sari
Possible Trade Set-up for ICXBreakout -> Channel -> Range
Price action formed a possible Range after Bull Channel. I think Trade looks safe here. May be need to Scale in at Range Low.
Disclaimer
Trade at your own risk. This is not a financial advise. We are not registered/licensed organisation for Financial Services.
$ICX, Trying to break from ~3200/4000 sats range..$ICX
Trying to break from ~3200/4000 sats range that has this asset bouncing since Jan 2020...
Crossed over ~4k sats (R/S flip on the 1D) w/ UCTS Buy signal on almost every timeframe..
If volume starts flowing in, it can lead to a movement back to ~5k+ sats (20%+)
#ICX
ICX buying areas Hello Traders,
ICX is correcting after a strong bullish movement, but where to buy? It would be an excellent opportunity to buy if it does back to test the demand area. That was former resistance zones that are support now levels, So we must buy on support regions.
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ICX/BTC daily analysis 7/8/2020Good evening all and welcome to another Alt coin analysis Im trying out. I am looking at ICX/BTC and I am seeing some life in a coin that is still pretty far down from its ATH. The thing is if you are trading this you can still make a lot of money if you play your cards right. Last time I analyzed this coin was the middle of last year and that is when I put this fib on the chart. It was almost valid enough to leave on the chart but I drew a fresh one just to make sure we were covered. I also put my typical set up on the chart so lets discuss the current situation.
ICX is a double edged sword at the moment anyways. I really hope that the pump continues similar to how VET has took off. But I cannot promise the same results. Back in Feb of 2018 we were at 92000 sats. Right now we are close to 4100 sats so we still have a mountain to climb if we are going to get back to that ATH we want to see. But traders gonna trade. You can still make money on this coin but buying right now may not be the best idea and Ill explain why I feel that way...
I see we have had 3 rejections at this level in the recent past. So the .382 fib is strong resistance. If we can muscle our way above the .382 fib that should cause some fomo though so I am curious to see what the bulls can do for us. Right now we are above the 50 MA and the 200 MA and the cloud on the daily. But we were the last 2 times we attempted to break above the .382 fib.
Right now if you ask me it is all wagered on if we break above the .382 before we can advance any further. Fomo should show its face after 2 solid rejects at this level traders are watching for a breach of this level. The .382 which is approximately 4575 sats. I have my eye on that level. If you want to go long here make sure you set a stop loss. Nothing is written in stone at this point so you will be taking a risk if you want to jump into a long at this point. But Ive seen stranger things. I mean on the chart. Not the show on Netflix. Although I have see that too. Its okay. I think Ive used this joke before so lets move on. WTFDIK :)
TLDR: Alts usually move when Bitcoin is moving sideways from what I have seen over the past 17 months I have been doing analysis. Just an observation. Do you agree?