ICXUSDT a big bullish setupHey friends, hope you are well and welcome to the update on ICON (ICX) coin.
Long term up-channel:
The price action is moving in a long-term up channel on weekly chart and reached at the resistance. Candlesticks also having good supports of EMA 10 and 21 as well.
Support and resistance levels and SMAs:
The price action of ICX coin is rejected by $0.65 resistance level and moving between $0.55 to $0.65 support and resistance level. If the price action will break out the $0.65 resistance then on long-term there is not significant resistance up to $2.40. The price action also has good support of SMAs with the time period of 25, 50 and, 100.
Simple moving averages on daily chart:
Simple moving averages on daily chart, with the time period of 25, 50, 100 and, 200 are moving above the price action of ICON and 25 SMA is likely to cross down the price action.
Ichimoku cloud:
On the long-term weekly chart, the price action had a powerful resistance of Ichimoku bearish cloud but now the cloud is turned bullish, so now the priceline may break out this bullish cloud.
This move can be like Ethereum when the price action of ETH found weak resistance of Ichimoku cloud on the weekly chart, then it broke out this cloud with powerful bullish divergence.
Conclusion:
Even though on long-term the price action of ICON is having strong resistance of an up-channel but from small to long-term the priceline of ICX is turning bullish . Once the channel on the channel on the weekly chart will be broken out then the priceline may start a powerful bull run soon.
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Icxusdt
ICX a big parabolic move expectedHey friends, hope you are well and welcome to the new update on ICX coin.
Previously I shared two ideas of ICX with you, one was a formation of Cypher pattern in USD marker and the other was the formation of bullish Shark pattern in the Bitcoin market.
The price action of Icon coin turned bullish in USD market and produced more than 100% profit rally sofar. In the meanwhile, it has also completed the final leg of bullish Shark in the Bitcoin market.
ICX with USD pair Cypher move:
ICX with BTC pair move:
An up channel formation and EMAs:
On the long-term weekly chart, in US dollar market the price action of ICX coin has formed an up channel and also using exponential moving averages with the time period of 10 and 21 as support. This time the EMAs 10 and 21 have just formed a bull cross and the priceline is turned bullish.
Different support and resistance levels:
On the long term weekly chart, the priceline of ICX has broken out the $0.46 and $0.55 resistance levels and trying to break out the key level resistance of $0.65. If the $0.65 resistance level will be broken out then there is no significant resistance that can be found up to $2.39 as per the Binance exchange. Therefore it is possible that once the price action will break out the $0.65 then it will also break out the resistance of an up-channel that has been formed on the weekly chart.
Alligator mouth and a parabolic move:
On the long-term weekly chart, the simple moving averages with the time period of 25, 50, and 100 have formed an opened alligator’s mouth and lifting the price action to the upside. This move is turning parabolic now.
Similar parabolic move expected like XLM:
The same parabolic move can be seen in the XLM chart as well, therefore we can expect that now the price action of ICX will turn more strong parabolic bullish like XLM to lead the altcoins bull run.
Conclusion:
As the price action of Icon coin has already turned bullish in the USD market but it can turn more bullish as it has just completed a big bullish Shark move in the Bitcoin market.
ICXUSDT (falling Wedge Breakout)#ICXUSDT Technical Analysis Update
Falling Wedge Breakout
ICX/USDT currently trading at $0.452
LONG ENTRY level: $0.450 to $0.456
STOP LOSS: below 0.428
Target 1: $ 0.4735
Target 2: $0.4980
Max leverage: 4X
ALWAYS KEEP STOP LOSS...
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✳️ICON/USDT Analysis (23/12) #ICX $ICXICX is still having difficulty breaking up at higher price levels because of its selling force is still strong.
0.35$ zone is still a reliable support zone so we could buy if ICX approaches this zone.
I think, ICX will initiate an uptrend in early January to 0.5$ and 0.65$ or even 1$ zones in early February.
📈BUY- LONG
-Buy: 0.34-0.36$.SL if B
-Buy: 0.49-0.51$ if A.SL if B
📉SELL-SHORT
-Sell: 0.64-0.66$.SL if A
-Sell: 0.95-1$.SL if A
♻️BACK-UP
-Sell: 0.34-0.36$ if B.SL if A
-Buy: 0.19-0.21$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ICXUSDT breaking out of consolidation? Price has been trading within a range that seems to be contracting these past few weeks/months but there are indications we may be seeing a potential change in theme.
Watching out this potential breakout in progress. I'd say wait for a weekly close but a daily close would be a bullish signal too.
ICX/USDT - Potential +47% dealHello, Traders!
The ICX entered the local uptrend and consolidated above the MA100 on the 1D timeframe.
Breakdown of the level of $0.442 could give the potential for growth up to $0.65
Long entry can be considered in the range of $0.3915-0.4420.
We can set SL under $0.39 near MA100 on 1D timeframe.
Targets on Fibonacci correction levels:
$ 0.4887
$ 0.5479
$ 0.6071
$ 0.6914
Good luck and watch out for the market.
P.S. This is not a piece of financial advice but a trade, I would be following myself
ICXUSDT formed bullish Gartley | Upto 44.2% expectedOn daily chart, the price action of ICON (ICX) has completed the final leg of Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.3893 to $0.3475
Fibonacci projection or sell zone: $ 0.4222 to $ 0.5014
Stop Loss:
The potential reversal zone area that is up to $0.3475 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 44.2% and as per the above-mentioned stop loss, the loss possibility is 11%.
Note: Above idea is for educational purpose only.
ICX a big bullish setupHey friends, hope you are well and welcome to the new update on ICX coin.
Long term harmonic moves:
Previously I shared two patterns with you which ICX has completed on monthly charts. One is in USD market and other one is with Bitcoin pair.
ICX with USD pair Cyhper move:
The price Cypher pattern with USD pair has produced more than 74% rally sofar.
ICX with BTC pair Shark move:
The Shark move with Bitcoin pair has been completed and now the priceline has entered in potential reversal zone for next big move.
A new Gartley move:
Now on daily chart, the price action has completed a Gartley pattern and entered in potential reversal zone.
Formation of wedge pattern:
In the meanwhile on daily chart, the price action of ICON coin has formed falling wedge pattern and having strong support of this pattern and simple moving average as well.
Conclusion:
As on the daily chart, the price action has formed Gartley pattern and has good support of wedge as well. If the priceline of ICX coin will breakout the resistance of wedge then it can work as a chain reaction and the bigger patterns on the monthly charts can be executed as per plan as well.
ICXUSDT D1: BEST Level to BUY/HOLD 50% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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ICXUSDT D1: BEST Level to BUY/HOLD 50% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect more gains
short and mid term.
🔸 Summary and potential trade setup
::: ICXUSDT daily chart review
::: expecting more gains soon
::: XABCD BULLS in progress
::: speculative setup
::: BUY/HOLD and get paid. 50% gains BULLS
::: recommended strategy: BUY/HOLD
::: market buy and hold it
::: exit position near point C
::: SWING TRADE: BUY/HOLD IT
::: still more gains likely
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS