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ICXETH

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
ICXBTC - falling wedge? -- volume needed to breakout.. ICX is a great project and reviewed by many experts as a good long term investment. But this chart is for short term trade maybe less than 30 days. I am hoping to get a spike of at least 10%.. timing and profitability can be influenced by BTC and volume spike. Ichimoku cloud is bearish but the average price range should be way more than the current price (positive sign). Might go down a little before spike.. don't panic sell!! Please hit "LIKE" to support! Thanks Basics of ICHIMOKU : There are five calculations used to generate the Ichimoku Cloud: Tenkan-sen = (9-day high + 9-day low) / 2 Kijun-sen = (26-day high + 26-day low) / 2 Senkou Span A = (Tenkan-sen + Kijun-sen) / 2 Senkou Span B = (52-day high + 52-day low) / 2 Chikou Span = Close plotted 26-days in the past. Read more: Ichimoku Cloud www.investopedia.com
by VinnyTheTrader1
ICX diving right into the 2nd part of a cup&handle? (+500% pot.)In my previous post I highlighted the downtrend that ICX is currently in, and how there is no clear indication of reversal yet. It actually even broke the lower white triangle support and is now trying to get back in. It could be a coincidence, it could be faith. But because of breaking that triangle for a moment there, a nice fitting cup & handle pattern might well be in the making. We are seeing slow and steady enough price movement so far, to not be speaking about a V-pattern, but something that could become a U-pattern as is typical for the cup. Moreover, we see that volume has been on the decline towards where we are now. We can probably go a couple of days before we finish that bottom in ICX. And if this scenario would hold true (remember, it is just one scenario), we could be in for a nice price bump. To fully fill up this picture, have a look at the "CVI" (Cumulative Volume Index), it is quite typical that this index does the opposite of price, when it is preceding a trend reversal. Here we see downward price movement, and upward "CVI". This could ultimately result in a bullish break-out. Moreover, as you can see, the white triangle resistance is not that far anymore to break out. And we know what happens if we break out there. Moreover, if we look at the MACD, we see a golden cross that has been in the making for quite some time now, it came soooo slowly, but I think it might be there: look at the light bluish dot on the 12th or March (today). Seems like an upward curve, albeit very very gently ;-) Also, RSI (Relative Strength Index) is in the heavily oversold area now,: Conclusion: So... indicators are starting to point more and more in the direction of the bulls: bullish MACD, bullish RSI, divergence in "CVI" and price. And we might have a cup & handle on our plates, and we are close to the end of the triangle formation. (Purple target line on the right upper corner is my current cup & handle target - a bit more than 500% upward potential) Does this mean we are in the clear? No. We still do need the break-out confirmation and that goes hand in hand with a take-up in Volume, getting back in and then breaking the triangle and moving upwards on that steep upward second half of the cup! Many things could go wrong on that journey. Risks: we can fall through to the downside, directly crushing our C&H figure. Luckily, we should be standing on the sidelines now - waiting for a confirmation of this - just a - scenario. Best of luck.
by A_Cryptastic_Mind
5
ICX – When will the bulls be back + short term trade opportunity1) ICX has been in a beautiful upward trend channel ever since its listing on Binance on December 19th 2017. 2) When it broke support of that channel beginning of February, it plummeted in a very nasty downward channel from an ATH at 9234 sat to 4577, practically half. 3) Ever since, it’s been in a downward triangle formation where price hits the resistance line each time – and moving around Fibonacci retracement levels in between. 4) We are now trading at 3483 sat, and have hit the light blue 78,6% Fibonacci retracement level (note that the full 78,6% retracement level still shows more downward price potential all the way down to 2409 sat. 5) But basically, for the moment, we are trading near the triangle support ànd the Fibonacci 78,6% retracement. These are still strong support levels for the time being. 6) If we look at CCI , we see clear sell and buy signals (red/green verticals) that align with the up-and downward swings since beginning of February. We are now reaching a new “buy” signal there. 7) Looking at MACD , a similar story unfolds, and again: we are reaching a “buy” signal there. 8) I believe the next move will therefore be to i) 3862 sat (First Fibonacci retracement level), and that there is some more room to ii) 4227ish or so. That is not an incredibly great return potential, but still goes from 10 to 30% in the short term. 9) After that, it will likely need one more pullback before really testing the triangle. 10) In the meantime, one can keep a close eye on the price movement from the sideline and wait for a nice (hopefully upward) break-out of this triangle. Feel free to comment with some potential upward catalysts you deem relevant for the upcoming price movement! PS: this is no investment / speculation / trading advice – just my 5 cents!
Long
by A_Cryptastic_Mind
1
ICX/ETH Put your seat belts on!A -> B (129bars); C -> D (129bars) When charting using the ABCD Pattern the AB leg should make up the same amount of candles as the CD leg creating a harmonic ABCD pattern. The BC bounce should be .618-.786 of the AB fib retracement and the CD leg should be either a 1.27 or 1.618 fib extension of the BC leg. This pattern matches up perfectly no matter how I look at and we should see a trend reversal. MACD is curling up on the 4hr and looks about to turn bullish as well!!! Target 1: .01-.0101 Target 2: .013-.0135 ***I cannot predict time frame and the trend line showing my speculation on the movement is in no way indicative of how long this will take. It is just to show the movement of the trend and what my analysis has given me! BTC is still very volatile so keep a tight stop loss but those are my targets and I am sticking to them due to fundamentals that are coming into play in the next few months. In addition to the trend analysis posted above, ICX will swap over the ERC20 tokens to mainnet tokens some time in March. This should increase value drastically since the tokens are now a utility for the blockchain. From watching the ICX summit, they have already announced their partners and future ICOs in the VERY NEAR FUTURE! This project has a strong team, and with clarification from the South Korean government about not banning cryptocurrency recently (re-opening regular trading), we should see a KRW pairing for this token very very soon which for me is bullish! Good luck and happy trading! It is always important to realize that you are the one in charge of your trading decisions. I am not a financial advisor nor is this financial advice.
ILong
by cryptoknight_90
ICX/ETH possible bounce off support lineWith the bull run for BTC the ICX/BTC pair is not doing so hot and trend analysis won't really help you there. I have decided to switch from viewing the BTC pair to analyzing the ICX/ETH pair. When looking at this trend it seems that the downtrend has met support on the overall uptrend line. If you have spare ETH/BTC lying around from accumulating at the lows, now might be a good time to either add to your ICX position. If the trend breaks the top resistance line here we could see some movement.
I
by cryptoknight_90