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ICXBTC

ICX/BTC Weeky chart formationICX/BTC seems to be forming a rising wedge on the weekly chart. After the large downturn we see price made two higher highs which is acting as the resistance level of the wedge and two higher lows with a couple close touches. Although it is a week rising wedge the decreasing volume is what is making me believe this could be the case. I don't think we will see any significant movement outside of this wedge formation for the next month or so. Happy Trading ~Laika
by Laika57
8
$ICX-BTC | Is this the bottom?My Assumptions: 1. Bitcoin doesn't do any crazy moves. 2. People expected way more growth for the consensus week, since ICON has been one of the major sponsors. These short term speculators may have left the market in huge dumps during and after Consensus2018. 3. The joint venture with Line is big. But the impact wasn't as big because of Nr. 2. 4. Launch of ICONest, their ICO plattform, didn't have a bigger influence on the price, since the ICON team (or "exchanges", I don't care) still didn't manage to complete the token swap. My Predictions : We still have a long way to go up, as long as the team delivers and reaches milestones. I think a lot of people saw the cup and handle pattern. At first I thought the top line is at around 46500 Satoshis and the breakout would work out a lot stronger. But meanwhile, I know the cup and handle was actually a little smaller with the top line at around 42000 satoshis. The purple lines belong to this pattern. As you can see the depth of the cup fits perfectly to the recent high of around 52500 satoshis. So the breakout around April 24th should be ignored. Using this purple trendline, I can see a descending triangle with the purple line as bottom line. The dip below (on May 11) can be ignored for this pattern, since it corrected back up very quick and big time. The fib levels seem to be important supports and resistances as well. If we see a break above the yellow line (drawn on the daily in log scale) I expect a break above the 0.236 fib level as well, which should add some additional fuel to the rocket. ;-) My Target is a break back above the white trendline. I guess ICX is going to come back to follow this trend line, and maybe starting to form a nice ascending triangle with 52500 or 55000 as upper line. And then we will see! :-) Possible Trades: Buy zone: 42000-44000 satoshis Target 1: ~10-15% profit Target 2: ~20-30% profit What do you guys think about this idea? Sources : Consensus Sponsors 2018: www.coindesk.com Launch of ICONest: medium.com ICX Token Swap Status: medium.com Partnership with Line: medium.com None of this is financial advice, of cause. I am just drawing fancy looking lines on my screen.
Long
by GoldCryptoKnight
8
ICX Cup and Pennant with Support and TargetsHello, welcome to my ICX analysis! For ICX we've started off making a cup and handle, completed the retrace, then moved into a wedge/pennant structure after a brief run. The overall target has not been completed for ICX, therefore, after we break the pennant's upper trend we should see a decent run. You can also see wicks down where BTC has dropped making it test supporting levels. Green zones are targets, an entry currently would be smart to grab it before it travels to the top of the pennant and challenges a break out giving time for you to react and hold till you see fit. If it is rejected then you can still sell for a profit. An appropriate stop-loss would be below the support line or below the pennant. The time frame is on 2 hour so you can see the 2 hour MACD bullish cross. Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts. The link is still available on my profile, good luck trading!
Long
by thomas58700
4
Line news is huge. Great opportunity to buy in down marketI think most don't realize how big this news is for icx. linecorp.com Line is traded on nyse adr and is a 8 billion dollar company.. Also, ICON Blockchain ID ICON has created Blockchain ID — an identity issued through Smart Contract and can be used for verification in all communities. In many ways, their slogan, “hyper connect the world,” says it all. ICON seeks to connect independent blockchains without the use of third-party intermediaries. Obviously developing a blockchain that is looking toward the future where its blockchain can connect other blockchains makes sense..
Long
by disrupt
$ICX BTC - Catching the third wave for 150%++ 1:11 risk/rewardLadies and gentlemen, In our last idea on ICX, we expected a decline to the .618 retracement at roughly 3700 but it only went 4000 and bounced back quite hard. Being that this was the confluence of the 800H MA and the 50% retracement, an algo target, we had a nice and strong impulse wave towards our resistance at 4900. After coming to a hard stop at the 4900 resistance and failing at it several more times, we are low testing the possibility of going below the 800H MA again with a target of either the .5 retrace at 4000 for a double bottom or the .618 retrace at 3700 for a textbook WXY where the Y is 1.272 of the W. Typically second wave retrace is between .618 and .786 of the first so I do expect the latter scenario to play out as we originally speculated in the previous idea With that said, we should have some entries between 4000 and 3700 with a stop below the next support at 3500 just to be safe Entries between 4000 and 3700 Stop: below 3550 Target: 9900, start taking profit above 8000 (100% gain) Risk / reward ratio: 1:11 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
4
*UPDATE* ICX ICON livin' in the clouds, next stop THE BIG CHEESE*UPDATE* - looks like we saw a nice bounce off the 0.5 fib - now looking to test the top trend line for the 4th time for possible break out - looking for higher lows on the daily RSI for bullish reversal signal - Plan on hodling for some time with this one Roadmap Prelims: - Iconest webpage launch - newly listing on Coinbit - SAMSUNG Roadmap Co-Main Events! - May 24: Icon's first ICO 0.00% , Bluewhale (great project), starts token sales and only accepting ICX and ETH - June 30: ICX/ETH -0.73% DEX launch! LFG - Launchpad engaged---->May 24 ----->Moon---->June 30---> Uranus * This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Long
by jchang8830
Icon $ICX | Diamond pattern...Bullish or bearish? | 5/13www.yourfxguide.com www.profitf.com If you're unfamiliar with the diamond trading patterns, the two links above will give a basic understanding of my idea of where ICX is going. If you'd like to see last weeks chart/trade idea, we we're looking at the possible cup and handle formation. (click the image/link above) Now I see Icon playing out a possible bullish diamond formation. With the Consensus conference beginning tomorrow (5/14-5/16), we could see a nice run to Target 1 here. However, if BTC continues to tank I think we drop down into our blue and red support zones. Target 1 = 53-55k sats
Long
by UnknownUnicorn2302450
1