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Icxbreakout

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?
Long
by HD1184K
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!
by TiborVrbovsky
11
ICX/BTX Daily chart looking good to go long.ICX/BTC has been in a heavy downtrend since January 30th. We have seen a selloff to almost the 0.718 Fibonacci retracement level when calculated from the overall first impulse wave up. We recently broke out of the downtrend on the daily chart with high volume and looks to be forming a cup and handle pattern. The right side of the handle has at the time of writing, come down to an ideal level in the upper third of the cup structure. If it drops below 3864 sats with conviction I that would be something to keep an eye on as a possible failed pattern formation. Other indicators such as the exponential moving averages show that we are going to be seeing a uptrend for the medium to long term. The 55 day moving average has nearly crossed below the 21,13 and 9 day EMA's. The RSI on the daily is showing bullish divergence and the MACD has crossed over on the negative side after being there for a while. The 12 and 26 day moving averages on the MACD are starting to fan out and moving to the positive side of the histogram which is a nice bullish indicator. This technical analysis combined with Icon's upcoming ICO platform release, staking news, token swap and other potential partnerships and news over the coming months shows that ICX/BTC has the potential for a nice bullish run. Any advice or comments would be appreciated :)
Long
by broimjoe
6
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.
Long
by HD1184K
Noticed Pattern in ICX - ICX/ETHHello guys, We are looking at 4 hour chart of ICX. I have noticed this pattern and they all took around 2 days to 3 days before reaching all time highs. Let's see if this plays out and if BTC lets ICX to do that. Also, we have major key resistances on those areas of the line. Another scenario that I have is that we need a major correction, which this would probably not play out, due to its recent hype; however, the news and announcements coming to ICX on March 31 makes it hard to precisely predict the correction.
ILong
by SidiqAh
1
ICX Forecast. First Chart and Publish, LT HODLHello. I think ICX is rebounding right now. I watched my friend literally buy the dip, golden cross. Its exciting! ICX is such a good platform, has such good developers, and partnerships. Great product. Good investment. 3-4x from now until previous ATH? Yes, Please. This is my attempt at drawing some trend lines, support lines, drawing a channel for ICX next "cycle", in which we can count elliot waves, and I decided to draw some rough diagonal lines from our beginning last year through common support or trend lines. I can see our bottom on this cycle has moved up, so hopefully our top will move up on this next bull run too. I put a green box on top to emphasis where a lot of past price action was at so that people can take profits at their targets in that range, or wherever they see fit. I am bullish on ICX, and I think that it is a great investment in technology of the future. I really like watching ICX on 4h because it is a younger chart and I am thinking long term. If we zoom out to the 1d, 1w, 1m intervals I think this chart shows ICX straight up moon shotting, hehehe. Cheers y'all. Happy investing. This isn't financial advice, just my first chart attempt to see what people think. I would love to hear your feedback, positive or negative. Can we draw a fibonacci chart on top of this, and would it meet up with the green diagonal lines that I made? I enjoy using MACD and RSI as indicators. Also, a bit of bollinger bands. What are your favorite indicators, and why? How do you draw fibonacci these charts?
Long
by johnjdailey
2
$ICX , nothing to say about it.Well. It is coming. For me, it is about popularity. Tokens become popular when people use it. That was what made Ethereum great, people using it, doing ICOS and building their nets above it. A lot of news for BINANCE:ICXBTC coming: Token swap, Mobile Wallet (before 31 March) ICX Airdrop (before 31 March) ICO Platform and IISS launch (before 31 April) ICX/ETH DEX launch (Decentralized exchange) (30 june 2018). Not all of them confirmed but you know :) Nothing here is financial advice. this is me showing some friends how i made some money :) Just a bit more about me: I like tacos and all Mexican food a lot. I am a Networking Engineer, but working it some Data Science, AI and Big Data projects. I am from Spain. I Fucking love surf.
by Betegon