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ICXBTC

IcOn - Ethereum's alternative - bottom 0.0000880First of all - Technical analysis of any sort is based on historical price action. Any future price action prediction is a theoretical view of an author in regards to speculated price movement. Trader/analyst/investor by using chosen set of tools hopes to gain profit from those trading pairs which seems to follow rigoristic criteria. Icon/Bitcoin is now one of those pairs from my point of view. Major focus : 1. Theory: my ideas always fail. 2. A trend is your friend. 3. Importance of Rsi (Relative Strength Index). 4. Patterns / Formations. Analysis : It is obvious that we are certainly not in a bull market. As an author of this analysis, I am assuming we found a bottom in the ICX/BTC pair. RSI indicates signs of bullish divergence (12'th of September vs 12'th of November) - volume is dropping, bears are slowly losing steam. We can clearly see falling wedge (white) and bullish broadening wedge (blue) - both indicate a possible change of price movement to the upside. Targets are divided into 2 categories (green and yellow) - green is most likely to happen in a relatively short period of time (up to 90 days) yellow is a longer term investment. If bottom at 0.0000880 is broken and candle closes below, we can expect the price to drop down to previous low (around 0.0000770) - I would advise here tight Stop-Loss at 0.0000840 level. This analysis will be regularly updated.
Long
by crypto_poet
ICX Wyckoff Ready to move or have we lost momentum?Welcome! I've been watch this wyckoff on ICX develop, but half way through where we should have seen a push to the upper trend then move back down the momentum dulled. This is perhaps due to bitcoin and the uncertainty in the market surrounding the change to a bullish market. If not, it shows a lack of interest in ICX and those who are accumulating it maybe in trouble if we make a move down through our lower trendline. I'll be on the sideline waiting for support, but if all goes well we'll be looking for a push to the zones indicated above our wyckoff distribution. Thanks for reading, happy trading!
by thomas58700
ICON (ICX) is this the bottom?Hallo Crypto Family, Since my last post in April, ICX has been dropping and we have reached the lows of December 2017. In August we had a pump and since then we have built a symmetrical triangle, and now we have reached the apex. The abcde is not the cleanest I've seen, but let's wait and see if we can break the upper line in purple. We have just got rejected by EMA21 (green) but only 3-4% would be enough to push us above EMA21 and out of this tirangle. The indicators are showing bullish momentum, however here we are also missing the final pump to have the confirmation.
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by Verethragna
Hello ICON World.Crypto winter is over and we are finally starting with full fledged alt season here. ICX is of the top coin based of South korea(biggest crypto market). ICX did 800% run in last rally after launching on icx. Technicals Broke out of massive fallign wedge.Currently in sideways consolidation for 4 months. Minimum target is 100% for icx here. Bullish divergence in RSI,MACD,Stoch in daily. Risk is very low here. P.s THis is hold trade will take few weeks to breakout but breakout will be big . Stoploss:None required for now. All the best :)
Long
by TheEWGuy
2
$ICX Finally Ready to Pump. Are You Consider to Jump In?Actually i'm about to post this one when it was @9850 sats. At the moment it already almost 2% from that level. Why i confidence that ICX is ready to pump. Short seeing from the candle form that it actually pretty basic. Today's candle will actually will exceed the last 4 candles high if it's according to the basic TA theory. It called as "Rising Three Method". Well you can read about it on the internet for more detail explanation. If you are a scalper you might wanted to take profit at the orange line @ 10260 sats, but actually if you play mid term i will take range of 10800 to 12270 as my profit resistance. If you play long term, the zone that I give colour, the lower one is good accumulation zone and the green one is a confirmation zone that need to be break. Then if i go long term I will definitely take 14640 - 18870 as my first profit zone. Basically if you judging at the situation right now it's quite hard to not be realistic because as the bitcoin situation running sideway and have a lot more pressure to the bearish tendency, I encourage to actually set the most realistic target and the most careful entry on the most liquid project with great sentiment in the process. Judging the fundamental actually ICON is one of the best out there which basically i like their progress so far and they are already make a lot of strategic partnerships and even re-invest their money to the other rising project in the cryptosphere. Plus, ICON is korean made. I'm not really korean fan but as we know they're quite made big moves in the recent years towards the development of technology. --- and drama~~~ ey! So take it as a grain of salt, don't forget to take a look at my other analysis post and give em likes and comments. I will post the closer look on this post update for a clearer look. ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
Long
by blockchaindedi
2