ICX - quick heads up !!ICON is breaking out at the moment after a 7 month long consolidation pattern (show in the rectangle).
You don't wanna miss this.
ICON has huge partnerships (Samsung), great Venture Capital Fund backing and is the favourite blockchain in South Corea !
IT'S JUST STARTING TO MOVE !
ICXBTC
ICXBTC fighting MA / Falling wedge - Bullish action?ICXBTC is broken out of falling wedge. The possible gain is shown in the chart. Maybe we get a pullback at this stage, but we have to find out. This could give us the confirmation of the first wave of the new set of impulsive waves. Interesting trade!
ICX (ICON) going for last wave - update (2)At this time we see a corrective wave with ICXBTC (ABC). With a textbook pattern for wave 2. It seems that there is a third wave starting now. It's projection would give us point C. However in a bullish market we could see a flat pattern. Both points are also supports, which makes this forecast plausible. Let's see how this will work out.
ICX (ICON) going for last wave It seems like ICS is showing us a nice elliot wave. We see a nice retracement during the second wave and followed by a third wave with a factor of 1.6 of the first wave. The fourth wave seems to come to an end. If the last wave is comparable to first wave we get a nice prediction. Let's see how this develops the coming hours.
$ICX, Trying to break from tiny accumulation over ~3250 sats$ICX
Trying to break from tiny accumulation over ~3250 sats support
Very similar to prior interations, volume never shined
UCTS Starting to signal buys on LTFs (12H or lower)
Continuation from here could lead toward a new test of the 4k sats level (~10% from current value)
#ICX
ICX/BTC (Strong Recovery?)ICX/BTC
-ICON just had a 50% recovery from the low at 3160 area
-The price is now back at previous high
-Currently testing resistance
-If there will be strong recovery/uptrend continuation
-The green support area or 4400 range must hold
-Next key resistance is 6495 sat
-I do not recommend to buy at current market price
-Let's wait if ICON can hold important level next week
Nice opportunity for ICX this month !!After correction from 0.78 fibo to 0.38, ICX is now retracing, if we breakout the triangle from above (red downtrend and 0.78 fibo level), we will see new highs soon ...
That's what we are expecting now for ICXBTC in upcoming days due to amazing upcoming news for this pair by the end of the month ...
Breaking out 0.78 level (4707 sat) will lead us to next levels, and as we are now on the bottom of a new uptrend channel, we can easily see ICXBTC :
Target 1: 5601
Target 2: 6738
Target 3: 7198
Target 4: 8184
$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.
ICX/BTC (Testing Key Support @ 200D MA)ICX/BTC
-After a fail breakout, the price is back to the 200D MA support
-The 200ma is confluence of previous Higher Low at 3100 range
-Can we expect a good bounce from this area?
-Well, if only BTC will move sideways and Dominance chart for the next 5 days
-Then, it is likely to see ICX bounce up to 4000 sat area
-Bearish scenario, close below the green area will send the price down to 2700 region
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
ICXBTC 16H: accumulation / 75% gains / BUY DIPS(NEW)Why get subbed to to me on Tradingview?
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-15+ years experience in markets
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ICXBTC 16H: accumulation / 75% gains / BUY DIPS(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ICXBTC 16 hour chart review and outlook
::: Heavy accumulation in progress, expecting gains soon
::: chart looks strong / approved to BUY DIPS
::: best reload bulls is 3800 sats
::: we've been stuck in range since march
::: so an explosive more in the making currently
::: BUY/HOLD setup for patient traders only
::: buy from my level and you will get paid
::: 75% gains possible/likely from 3800
::: BUY/HOLD and you will get rewarded
::: dips/pullback possible? YES, but ONLY BUY INTO DIPS!
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLISH