ICXBTC: holds strongThe support was set. But being such an obvious level, it is a target for an attempt of the false breakout before the confident rise. The length of the accumulation at the bottom here could be longer than for the other alts, but then eventually it must be released to a significantly higher ATH.
Not a financial advice.
Icxusd
ICX rangebound on the 4HRThe bounce that ensued on the 12th of this month launched from .5239 and topped out at .6766. Looks like the range has tightened to be between about .60 to .67. Bear volume is decreasing and the RSI at 49 is neutral. We are barely holding the 12 or the 26 period EMA's. The last few months ICX has been a pretty decent coin to trade, so I will continue to watch, but I will watch it closely along with Bitcoin. My personal move at this point is to sit it out, I do not see any setups right now, but should the RSI dip back towards the 20's or we either break up or down out of this range I will be patiently waiting.
Support: .59, .60
Resistance .66, .67
Volume: decreasing
RSI .49 and dropping, neutral trending bearish
Just a disclaimer: I do this mostly as a learning experience to become a better trader. Take what I say with a grain of salt.
ICX - Good buy between $0.2- 0.3$ ICX has been in a pretty strong downtrend. It made a corrective 3 wave down up instead of 5 wave impulse up that would suggest that it has another leg down before short term trend reversal.
ETH is also weak and will make another leg down. ( very good indicator of health of alt markets )
Planning to buy between 0.2-0.3$ for best to risk to reward setup on ICX.
ICX Strong Buy - Sept 2018 After dropping nearly 30% in its most recent drop (early July), ICX has been recovring and building a strong base. Expect bullish reversal continuation and a climb back to regain lost ground over the course of Sept/Oct 2018. This is under the bias that the market has bottomed and as a whole is reversing to the upside for end of 2018.
ICON COULD 300-500% PROFIT POTENTIAL#ICX/BTC ( Binance )
Buy Range : 0.0001000-1050
SL : Not Recommend
Target 1 : 2550
Target 2 : 3840
Target 3 : 4850
WEEKLY CHART
- failed to support on 0.236fib
- Tif weekly candle closes on green that would be a good point for a bottoming
- CCI is going up after big bloodbath.
DAILY CHART
- RSI downtrend has been broken. Positive
- MACD crossed and going up
- CCI turned into green after 4 red months
- Moving averages still above of candles yet
4H CHART
- CCI showing good and longer positive action
- Ichimoku cloud broken and stay below candles
- Candles supported by EMA20/50
- Important MA200 remains above candles for now
CONCLUSION
ICX has been performing very good on the last days. Price is really pretty low and if altcoins can survive on cryptocurrency , this seems a VERY good spot to buy.
Small timeframes has been looking good on ICX but still need some bullish confirmation to be sure if that's the right time to start.
However, Market could need some weeks more to start move faster, be patient!.
Good luck ,
Mike
Is icx out of the woods yet?Icx is one of the most legit projects out there in the top 50. It is definitely a good long term hold.
However, we can not let our emotions get in the way of trading and making money.
For short to mid term, we have been free falling since we broke the last support at 2137 SAT.
Bull has been getting rejected from the 12 ema .
We need to break the 12 ema and the downtrend line 2 to confirm a trend reversal. Heavy resistance at the blue box.
If icx breaks out from the Line 1, we will retest Line 2.
Bear is still in control.
Good luck trading everyone!
ICON is on some shit. This is SALTSEASON in its Parabolic phase.This move is quiet dangerous because from price action alone you couldn't tell if this is a run to 0 for ICX.
In the Long Term ICON is still one of the best projects out there imo. But this doesn't matter until we see some strength in the Market.
If you try to catch the knife now is probably a good opportunity! But it could also go on to free fall til death.
ICON - HEADING TOWARDS DEATH! WHEN WILL THE MASSACRE END? ICX has been in the continuous long term downtrend since April end and the price has depreciated by 78%.
It has been moving inside the falling wedge with a good slant slope which means a great selling pressure.
The price has been continuously getting rejected from the basis line of the Bollinger bands.(See the circles marked with Pink colour)
Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line
of the Bollinger bands or atleast till the upper boundary of the wedge.
The last zone of support has been marked. If it falls below it, then i'll consider this coin as dead.
Alternatively, there is a lot of upside potential left to be explored.
A zoomed out view:
This can be a good trade if the positions are opened after some signs of reversal and not to early. There
is a lot less downside left for stop loss with a huge amount of upside potential. Tight stops can be used
for this trade.
I'll keep updating this, as and when required.
P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
ICXBTC: Time is Now, Do Not Allow FUD To Play With Your Mind
Hi All,
Transformational news for mass adoption without the need for ETF: Bakkt; Assets Backed Platform, similar to (XAUUSD) ETF.
This week, Crypto Sphere received very bullish News from Intercontinental Exchange (ICE), which is planning to launch their own (BTC) trading platform. And yet the market continues to Bleed slowly, which I cannot comprehend. I would very much like to Invite all investors and traders to look at Crypto potential landscape from a macro perspective. ICE Plan to create (Bitcoin) infrastructure as crypto transfer service, which could be utilize by Investors, Merchants and Consumers. They believe the services could inherently bring mass adoption, due to marketing for the Bakkt platform. ICE also partnered with (Microsoft) and (Starbucks). The Bakkt platform will be a regulated custodian service. They will be offering there services to Investors, Merchants, and Consumers as Custodian for payment Finality similar to credit card payment solutions i.e., (VISA INC) (V) and (MASTERCARD INC) (MA) and also One day physical delivered (Bitcoin) Future contract, which is bullish. I would like you also take into account The very nature of having ICE into the Crypto sphere, would bring in Compliance and robustness to the ecosystem.
Mainly because the Average investor Prefers to use establishment which they're familiar with such as New York Stock Exchange, (NYSE), which is highly credible in the eyes of regulators and investors. There are currently more custody solutions that have been created. New exchanges utilizing different type of implementation. The name (Bitcoin) being Synonymous to the masses as digital (Gold) or a store of value. Pre-existing businesses are now looking into the block-chain to retain their customers and or users. These are the current companies looking into deploying block-chain solutions via (Ethereum) block-chain; Amazon, (Amz), (Facebook), ALIBABA GROUP HOLDINGS LTD (BABA). As of writing, there are 3000 lightning network nodes, And I'm fully aware lightning network could in a sense centralize (BTC) to only Affluent individuals and Banks, which I do not care for.
Stated all that to say, the current infrastructure is being develop and deployed. I would suggest individuals not be so focused On the short term price action for (BTC). Because once (BTC) Infrastructure has mature then, there will be mass adoption. Just because the price went down does not mean that underlying instrument, Behind (BTC) technology ceased to exist. I also understand we have to go through the regulatory framework In order for us to get More institutional investors and the masses Into our crypto sphere. So I say be patient my friends. Remember, in order for any commodity to have intrinsic value, Institutions and the masses would first want to see the overall value it could potentially bring into their Portfolio and life. The so call, what is in it for me approach.
To conclude, My initial stands for what Bakkt is actually doing is quite brilliant. They Essentially are creating a Fiat gateway for Investors, Merchants, and Consumers. This will permit institutions to buy and sell physical (Bitcoin). Bakkt is essentially becoming the middleman. Hence, Bakkt is becoming settlement layer for payment provider similar to; (VISA INC) (V) and (MASTERCARD INC) (MA). Bakkt is effectively removing the volatility which we Experience for merchants by settling payment off-chain after each purchase. Having an established player such as (NYSE) in the ecosystem Supporting crypto brings in credibility to the space. Bakkt could essentially bring in new businesses that would have elected not to participate in the crypto sphere due to the volatile nature i.e., (Starbucks), but would like more Consumer base and Increase revenue. Always take into account Transactions bring value Not speculation. Reason why the true value of any token or coin is mainly predicated on the Masses Utilizing the network, which in a sense could create a network effect i.e., (Facebook).
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
ICX / USD - ICON - Analysis, Big Wavecount & potential TargetsICO price was 0,105 $ where my wavecount starts. monthly supportline drawn as bottom of the decending wedge. the fundamentals in this COIN are very good as they have a hughe network. i personally think its not that likely that we will see the ico price once again in the next few years.
ICX USD - 5 LONG targetsIcon - ICX
Fundamental information :
Twitter 109k followers, one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries.It is an interchain blockchain that connects various blockchains such as Bitcoin, Ethereum, and Qtum. First, ICX is used as an intermediary cryptocurrency. ICX enables transactions among different cryptocurrencies by determining the exchange rate through DEX Reserve.
Second, ICX can be used as for DApp tokens U-coin, which is a DAPP developed by blockchain team for Korean University Consortium , ICX can be also a token for ICO platform like ERC-20.
Quick basic TA :
Falling wedge pattern, RSI oversold, bulls building up momentum... let's see how it goes.
Always remember of Risk and Capital Management.