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Icxusd

Elliott Wave Analysis: ICXUSD Is Hunting New HighsHello Crypto traders! Today we will talk about ICON (ICXUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. Well, ICX is in a clear impulsive uptrend within a five-wave cycle from March 2020 lows and seems like the final (5) can be now in play after we noticed nice a complex W-X-Y corrective movement in wave (4) with perfect support at the former wave 4 and 1.7 level. Anyway, as you can see, ICX bounced sharply and impulsively with five waves on the intraday basis, which suggest more upside as part of a new five-wave cycle within wave (5) that can push the price even up to 4.0 area, especially if we see broken channel resistance line. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:ICXUSDLong
by ew-forecast
2
Icon (ICX) - April 11Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a good day. ---------------------------------- It remains to be seen if it can rise above the previous high of 2.637545532. If you decline at the point of 2.319756656, you need a short Stop Loss. However, it may rise along the uptrend line, so careful trading is necessary. In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line and continue the uptrend. If the CCI line falls below 100 points, volatility may occur, so careful trading is necessary. The next volatility period is around April 16th. ---------------------------------- (ICXBTC 1D chart) It remains to be seen if it is supported by the 4176 Satoshi-4517 Satoshi section and can climb along the uptrend line. If you fall below the downtrend channel, you can touch the 2773 Satoshi spot, so you need to trade carefully. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
HITBTC:ICXUSD
by readCrypto
$ICX - A realistic projectionSadly, too many moonboys in the space who have no idea how market cap works as a function of price. Especially when the supply of a token has since inflated dramatically since the ICO / mania / hype / listing phase. Yes the overall market is growing in market cap - however there are also many more projects competing for said market cap, so it's all relative. Do I think we see ATH this bullseason? Totally. Do I think it happens tomorrow this month ? Unlikely. I do see a pattern that I have laid out, following along the linear regression channel, with a rough elliot wave projection towards 4.50-4.80 area, with support areas shown. The RSI is showing high lowers but lower highs, which may mean momentum is slowing. Either some large fundamental news needs to come for ICX to get an unnaturally large pump in the price (like a coinbase listing for example), or we will likely see quite boring price action here. Then again, there's always the possibility of irrational mania at some point and this could moon sooner, but as always, the easier it comes, the easier it goes, so stay prepared :)
BINANCE:ICXUSDLong
by TheTraderAndy
4