ICX Validating a continuation pattern to continue upwardsICX just got itself out of a bear flag, broke above the downtrend line, and has established a level of support to move higher.
Overall looks like the bull flag/pennant/continuation is confirming here.
I am biased towards ICX, so let me know if you think any of this is not valid.
ICXUSD trade ideas
ICX/USD Short Term OutlookJust following up my last post that showed the end of the ABC . We broke out a short term descending wedge then came back on top of it to re-test as support. Potentially a deep subwave 1 or 'double bottom' type of structure to set up a subwave 3 with the momentum to break us past the last high. A re-test of that next high could be possible too.
ICON/USD x2 ? coming to the Resistance Area,, Got rejected once,,, Now hopefully we will retest the resistance again and will breakover....
Next Major resistances are mentioned with Target 1 and Target 2
WIth BTC market Recovering , Like other coins showing same kind of pattern,,, ETH already broke out the major resistance and we can predict about the TOP coins in marketcap
EMA 50 has been supporting the Uptrend
RISK/REWARD is very good for this trade
GOOD LUCK !!!!
ICXUSD / ICON - I'm All Jacked Up On Mountain Dew!Hello Crypto Friends! Hope all is well. Let's see how ICX is doing on the 4 hour charts.
As you can see on our charts circled in green, we had our Golden Cross between the moving averages around April 17th and it's been a steady climb up the hill to our Fib Retracement level target of $4.27. We hit resistance at $4.90 and and came back to take a breather at the $4.27 range. We did see a dip in our purple trend line and the 50 day moving average which has been our current support lines, but ICX bounced back up above. MACD looks like it want's to move bullish but we'll wait out for the volume to consolidate and pick which way the trend will go. We'll keep a close watch and provide updates to see which way ICXUSD will swing. Stay tuned.
Hit the Like Button and give us a follow if you liked our analysis.
We are currently long on ICXUSD.
Dates to keep an eye on for ICX:
1. Launch of ICONest webpage: May 11th.
2. ICX/ETH Decentralized exchange launch: June 30th.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
ICON Is Attracting Smart Money With Hyper Connectivity PromiseThe reason smart money is flowing into Icon (ICX) is because of its promise of hyper connectivity. Icon (ICX) aims to connect different blockchains so they can communicate, transfer data and payments among one another. This also makes it a very attractive bet for smart money who can invest big in Icon (ICX) with the confidence that Icon (ICX) will be there to connect any blockchains that exist in the space let’s say 10 years from now without having to worry if a particular coin will exist 10 years from now or not.
Read Full Analysis: cryptodaily.co.uk
ICXUSD#ICXUSD
Market capitalization:772 469 000 dollars. 24H:32 580 000 dollars.
On the timetable D1 pair is at a price tag of 1.8 $ .Key levels: Resistance:4.1; Support:1.7;
Consider scripts
At the moment, the price is in the range of 1.7-1.8. The currency pair is now in a downtrend over the past 7 days, the price has decreased by 19%. If the price continues to fall, then the first target will be 1.7.To talk about purchases, then the price must break through the triangles to gain a foothold for further movement up to 3.0.