ICX-USDT Possible Entry PointLike many other altcoins ICON is getting ready to another leg up. Possible entry zone is aroun 0.26-0.27.
Icx
ICON Price Analysis ICX / USD: Destructive CatalystICON / USD Short-term price analysis
ICON has a bearish short-term bias, with the ICX / USD pair now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that following the recent technical reversal, bears have now invalidated a bullish inverted head and shoulders pattern.
Technical indicators on the four-hour time frame have turned bearish and continue to generate a sell signal.
Pattern Watch
Traders should note that the bearish invalidation target could see the ICX / USD pair losing a further thirty percent in value.
Relative Strength Index
The RSI indicator has also turned bearish on the four-hour time frame and still shows scope for further downside.
MACD Indicator
The MACD indicator on the four-hour time frame is bearish and continues to issue a sell signal.
ICON / USD Medium-term price analysis
ICON has a bearish medium-term outlook, with the cryptocurrency now trading below its trend-defining 200-day moving average.
The daily time frame is showing that the ICX / USD pair is now attempting to breakout from a sideways price channel that the cryptocurrency has been trapped within since March 2019.
Technical indicators on the daily time frame are bearish and continue to generate a sell signal.
ICX / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a sustained technical breakout from the sideways price channel could see the ICX / USD pair testing towards the February 2019 trading low.
Relative Strength Index
The RSI indicator on the daily time frame has turned bearish and is now issuing a strong sell signal.
MACD Indicator
The MACD indicator has turned bearish on the daily time frame, with the MACD histogram and signal line now issuing sell signals.
Conclusion
ICON is close to a major technical breakout on the daily time frame, with the invalidation of the bullish pattern on the four-hour time frame becoming a possible catalyst.
Overall, a confirmed technical breakout from sideways channel on the daily time frame could see the ICX / USD pair shredding close to thirty percent in value.
what a project icx?Lead by the Seoul-based ICONLOOP (formerly theloop), ICON (ICX) aspires to build a decentralized network that allows different blockchains to transact with one another. The project's goal is to unify the balkanized blockchain ecosystem through its protocol and community-building initiatives. Potential use cases for ICX include transactions involving securities, currencies, loans, intellectual property, and personal authentication
ICX wave 1&2 into 3wave 1 ended with a fifth wave extension. now im looking at wave 2 and where we can take some trades. right now im looking at wave A to unfold into a ZIGZAG. if thats happens we'll have wave B unfold into a FLAT and wave C ending in 5 waves down and finishing below wave A. ICON is in the making of wave 3 in bigger cycle. top of wave 3 could be as high as 1$. i will be updating wave by wave as much as i can
ICX should go up soon?I'd say so by the look of that falling wedge, right?
This could be the kind of pattern that drags on for a while, nullifying both lines over and over until it finally completes and breaks out, but it also can start going up real soon, as we are reaching the apex of this current pattern.. It probably depends on the entire alt market- if BTC turns over and starts correcting soon I would think it more than likely for ICX (and many other altcoins) to break out of this bullish pattern for some upside bull action for a while, and ICX specifically looks like it will probably give good returns from the current price, at probably around at least 2x (100%) or 3x (200%) of its bitcoin value by the end of its short term run.
[ICX/BTC:binance] Short-term rebound tradingA rebound trading opportunity that you can expect from 3Bottom
ICXBTC long, weekly candlestick confirmationVery nice weekly bullish candlestick reconfirmed the previous buy signal on the daily chart (engulfing bar of 29 June). Confluence with bottom of channel trend line and 1.618 fib level. Good place to enter a medium term long position.
$ICX, Potential double bottom pattern$ICX / $BTC
Potential double bottom pattern as it leaves the accumulation zone at ATL BTC level & crossing over 3ksats resistance
Volume flowing in
UCTS Buy signal on the 6H
RSI about to enter overbought
Not many stops from here to 4K as potential 1st target
#ICX
ICX/BTC - Longterm (altseason) plan - 4503% Potential at ATHIcon BTC
My plan for the upcoming alt cycle, starting with Icon ( ICX ). Well known for its solid fundamentals, high chances this project will be among the high gainers if/when the next altcoin cycle starts.
Currently, we're able to draw a high timeframe falling wedge, and after almost a 98% drawdown a relatively cheap project to pick up.
Aiming for an entry at 574 satoshi's, as indicated on the chart, as this is the lowest point in history which ADA has seen.
Profit target 1: 553 (176%)
Profit target 2: 1959 (979%)
Profit target 3: 5168 (2584%)
Profit target 4: 9007 (4503%)
Stop loss: Riding this one out without a stop loss, this will be a longterm plan.
For those who feel like having a stop loss on your investments, I can recommend anything under 100 satoshi's (the lowest point of the wedge ). Don't get faked out!
Best of luck, may the target entry and profit targets get hit, in that order.
ICX bigger trade. bitcoin nearly finished with H&S patternWe should see some move from ICX/BTC pair.
Bitcoin nearly finished that H&S so all alts will have a breather. ICX have few goods news coming. Pretty much good view on future for icon
Good luck guys. Follow me on twitter and here.
Thumbs up if you think we will some green.
ICX Thoughts$ICX
Leaving a lot to be desired. Personally I wouldn't enter here until ICON gives me a reason to; aka breaking above the POC (yellow) on a daily close. I want it to show me strength before I throw myself at it.
Updated ICX countPosted a few other counts but looks like this is the winner. strap in guys. ICX is like a bomb getting ready to take off
ICX on Binance Trendline???
Sell at $.57
And buy back at $.4401? Is that red line a trend line that’s going to hold? Time will tell.
Is it alt season yet? ICX’s next form?ICX had a double bottom at $.18 and $.28 since the bottom. Where’s the next double bottom? Here’s a scenario anticipating the same kind of climb.
$ICX On price discovery after losing all supports..$ICX On price discovery after losing all supports..
ICX amazing entry approaching!!ICX is making fibonacci and elliot wave love. You can see that in it's past mini wave cycle and its current continuation.
Patience pays off. Waiting for further downside, possibility It can be front ran so scale in or just start buying first sign of hourly uptrend (safe trading)
I'll be updating a day trading thread of ICX with minor moves on my twitter. I can no longer link the thread, because of tradingview rules. Find me on twitter - fractalPSYience
Oh yeah icx is getting a lot of hate because it wont be available to Americans soon since getting kicked off binance. Let's see if the whales and market care.
ICX Potential Long tradeICX trading in a falling wedge
ICX is forming bullish divergence with RSI
ICX seems to broke out of TrendLine (white)
RSI is rising
SBS indicator signaled BUY
BUY - near BUY Zone (As low as possible)
Targets are on the chart
SL - Below last support or -5% of buy-in
$ICX $ALTS yikes edition... Be careful!ICX is one of many alts that are currently printing new all time lows, entering into price discovery. $VET $MFT $SC $KEY are some other examples that are also printing all time lows. I wouldn't necessarily sell here, but you should be very careful when buying alts right now. There are some exceptions such as $GRIN $BEAM that are looking very strong at the moment and then there are some like $ZIL that look good compared to the rest. With BTC looking so strong at the moment, I would just hold btc and be patient with most alts. If there is an alt-season coming, remember it wont just happen over night. You will always have time to enter, and its much less risky if you wait for an uptrend confirmation. Patience pays!
ICX > 700% PotentialI will be the first to admit the recent bullish gains over the market have been surprising. If this trend continues then I predict that soon ICX will receive a massive bull run of it's own. The ICXBTC trading pair is at new ATL's, which is risky but also very rewarding if my prediction is true. Do your own research on this Korean project and you will see that they have been hard at work and it is only a matter of time before the price catches up to the potential.
My position is currently switched to long and I plan on holding that position as long as the market continues to look healthy in general. I will continue to purchase as much as possible each time the price dips. Do you really want to miss out on massive gains?
Timmy!
