ICXUSDT trade ideas
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If the former resistance as support holds ICX Icons looks far higher.
Red lines broke idea fails. Take profits on the road.
DYOR and please let me know what you think (feedback)
ICX/USDT Mid-Term Trading. Channel. Potential cup.Timeframe 1 day. Important reversal or trend continuation zone. The price is now in the lower part of the uptrend channel with a large step, which has formed a secondary trend.
The coin has been in a downtrend since May, currently in the lower part of the large channel. A local double bottom has formed in this area, which in the case of a breakout of the downtrend resistance will become a local reversal formation.
A breakout of the zone of the local high level of the top and preservation of the upward trend will give the potential to form a cup in a large channel.
The price's breakthrough of the dynamic support of the uptrend (green) and fixation of the price under it (continuation of the downtrend) will give the potential to work short to the level shown in the zone. It is worth noting that even after a 2-month correction, the price is now about +400% of the average values of the "smart money" set.
ICX/USDT Main Trend (Part) Timeframe 1 week
ICX/USDT TRADE SETUP! Hello everyone, if you like the idea, do not forget to support with a like and follow.
ICX looks good here. Already broke out from the falling wedge-like structure and currently retesting it. Also, here is a 50D MA and 100D MA support. So I'm buying some here.
Entry range:- $2.0-$2.08
Target1:- $2.164
Target2:- $2.262
Target3:- $2.348
Target4:- $2.44
SL:- $1.88
Leverage:- 3x-5x
If you like this idea the do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
ICX is ready for somethingI've recently started to use bollinger bands width because in certain situation it can be very meaningful and quicker to use than normal BB. The points I highlighted had similar BBW after an uptrend. After such squeeze there was another one pump but stronger. I don't know if my use of this tool is correct but in any case RSI is showing a little bullish DIV at 4h and VLPR is below current price, it's enough to make me think this is going up.
As you can see my support line at 2.16 held already so that support is consolidated, I'd use it as stop loss if I were to enter. I think this is a good entry point.
Good luck
ICXUSDT , The price is squeezingHello everybody
According to this analysis , you can see the price is squeezing and its ready to jump to new target over 3$
But we have a resistance area that shown on chart
We think the price should one more time again come to impact to the trend line area then it can be ready to jump
We can wait until the price come to our buy zone area or if it can close the daily candle above of the minor resistance we can buy some of it
Dont forget use stop loss and attention to money management
Be with us and sleep comfortably
Good Luck
Abtin
#ICXUSDT 7/21 #ICXUSDT Risky (Long Term)
Buy : 0.94080000 - 0.80584248
Target 1: 0.98488000
Target 2: 1.05008000
Target 3: 1.64640000
Target 4: 2.35200000
Stoploss: 0.78520586
Signal R/R: 10% / 150%
Net ROI : NA%
Invest / Position Size : 3%
Exchange : Binance , Bittrex, KuCoin,
Duration: 15-90 days
Confidence in Trade : NA
Analysis :
we ask Allah reconcile and repay.
Perfect Entry Strategy - Bullish Engulfing in Key LevelsHello everyone, you are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators.
The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%.
This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point.
We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here .
There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns.
After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below:
Ignore a BE pattern that does not occur at a key level or is far from key levels.
It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level.
BE pattern must have an acceptable and strong body. You can ignore weak candles.
Ignore the BE pattern formed just below a resistance or potential reversal area.
It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too.
If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively.
If the entry requirements are met, the closing price of the BE pattern will be my entry point.
Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern.
BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is.
As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics.
Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
ICX main net launchICX have made a massive pivot this bull market and have scheduled in there main net launch towards the end of this month.
Its been trending nicely since august apart from a drop down at the end of September but has reclaimed that trend again since bitcoin made a come back.
Looking at targeting the liquidity zone around 2.7 before the end of the month, although if it drops off pace closer to the end of the month I will bail, looking for fast price action here with the hype