ICON WILL BREAK OUT OF ITS DESCENDING WEDGE!What Is ICON?
The ICON Project aims to build a decentralized network that allows independent blockchains with different
governances to transact with one another without intermediaries. Anyone can create a new blockchain project and
join the network. A new blockchain project is free to connect with existing projects and create new unique worlds,
or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem.
Source: icon.foundation
-ICON has had a violent correction over the past few months...
-The Price May Take One Leg Lower (Down to $.28, Also Good Time To Buy)
-DeFi Projects Are Not Going To Die.. The Strong Projects Will See ATH Again.. HODL, Weak Hands Will Fold..
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ICXUSD trade ideas
$ICX ICON PREVIOUS HEAND AND SHOULDER PATTERN PLAYING OUT!PREVIOUS HEAND AND SHOULDER PATTERN PLAYING OUT, Completely Out Of The Ascending Channel
Possible To Have A Lower Low.
If 200MA Does Not Hold, It Will Be Bloody!
Although We Are Right With Our Plays, I Am Very Disappointed With What ICX Is Doing As A Long Term Hodler. Price Movements Are Very Volatile. Sure It Has Pretty Good Support Levels But Couldn't Sustain Higher Prices
(This Is Probably Due To High % Staking Rewards, Which Investors Are Taking Advantage Of. - Passive Income And Profit Taking)
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⚠ DISCLAIMER:
Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
BUT Please Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
ICX Broke Down The Critical Level!BINANCE:ICXUSD
ICXUSD ICON BROKE DOWN ON CRITICAL SUPPORT LEVEL!
ICON fulfilling the head and shoulder bearish pattern! Further consolidation is possible but It must Hold 200MA, otherwise icon will see more blood and hit around 0.3 levels
LET ME KNOW WHAT YOU THINK!
IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY
HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING :)
````````````````````````````````````
⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Icon (ICX) - September 15 (1W)Hello?
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It is believed that the bottom section has been completed as it has risen above the 0.37715000-0.46466682 section.
We have to see if we can get support at 0.46466682 to create a new wave.
I think a certain period of sideways is necessary because it has formed a bottom section for a long period of time and has risen.
It is worth paying attention to where you are getting support during this period.
It is supported at 0.46466682 and is expected to create a new wave as it breaks through 0.60569579.
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** 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 generating profit 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 trading. You must trade from a short-term investment perspective.)
Possible Running Flat To 0.30Alts took a dive today. This was expected. ICX looks like it could be setting itself up for a running flat to the downside. Unfortunately it seems that the only fundamental thing about crypto is being continuously subject to pumps and dumps. Sometimes I have to think like a whale...
Don't miss the great buy opportunity in ICXUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5885). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ICXUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.6736
TP2= @ 0.7319
TP3= @ 0.8037
TP4= @ 0.8713
TP5= @ 0.9578
SL= Break below S2
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