ICXUSDT trade ideas
BINANCE: ICX/USDT (inv. H&S)🛒 Pair: ICX/USDT 🛒
== SPOT==
⏰ 1400/05/03 ⏰
🕰 26/07/2021 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#230
🛒 Buy : 0.80 - 0.83 🛒
👉Sell Targets👈
🎯TP1: 0.87 🥉
🎯TP2: hidden🥈
🎯TP3: hidden 🥇
🎯TP4: hidden🚁
🎯TP5: hidden✈️
🎯TP6: hidden🚀
🎯TP7: hidden🛰
⛔️ SL: 0.745 by closing H4 candle below
High Risk trade as BTC may retrace
ICON (ICX) Get Ready For The Next Huge RallySupport and resistance levels:
The price action of the ICX coin is moving between the $0.60 support and $1 resistance levels. On the weekly time frame chart we have 3 more resistance levels working as major resistances after $1. These resistance levels will be $1.30, $2.30 and $3 is the final resistance as per the Binance exchange.
Oscillators:
On the weekly time frame, it can be seen that while the price action has found very strong support at $0.60, at the same time the stochastic has also entered the oversold zone and MACD is giving bullish signals by changing from a strong bearish to weak bearish.
Falling wedge:
Previously we have seen that the price action of ICON was breaking out the resistance of a down channel. But it was failed to break out and moved back into the channel again. This time the support of the channel is lifted up. Therefore, the channel has been transformed to a falling wedge pattern and now the price action is again moving up to make another attempt to break out the resistance of this falling wedge pattern.
Big bullish BAT move:
On the Weekly time period chart, the ICX has formed a bullish BAT.
As per the Fibonacci sequence of harmonic BAT the buy and sell targets of this pattern can be as below:
Buy between: $0.9161 to $0.6255
Sell between: $1.60 to $2.64
The maximum extent of buying zone can be used as a stop-loss, which is $0.6255. As per the above targets, this trade has a big profit possibility of 320% and the big loss possibility is 30%.
ICX Resistance ICX has two clear resistance barriers to get through before we see it make a decent move.
Firstly the 0.81 horizontal resistance then the long term resistance trendline
ICON (ICX) Big Pump AheadMajor resistance and support levels:
On the weekly time frame chart, we have three major support and resistance levels. While moving towards the upside the price line faced strong resistance at $2.30 and after being rejected made another attempt and broke out this resistance. Then finally after finding very strong resistance at $3, the price action dropped down and also broke down the $2.30 support which was previously working as resistance and stopped at $0.60 support level. Is very strong support because previously it has been working as resistance several times. Now the price action is likely to take bounce from here.
Different Indicators:
If we take a look at the different indicators on the weekly time frame, then the stochastic is moving in the oversold for past several weeks which is indicating that the price of ICX is quite oversold now. For the last three weeks, the moving average convergence divergence (MACD) indicator has started turning bullish which is signaling to a big move in the long term.
Breaking out the channel:
Now if we switch to the 12-hour chart, then here the price action of Icon is moving in a down channel, and recently it has broken out the resistance of the channel and retesting the previous resistance of this pattern as support. If the priceline will be successful in re-testing this previous resistance as support then it can start a big rally from here, otherwise it ICX ca re-enter in the same channel again.
Big bullish BAT move:
On the Weekly time period chart, the ICX has formed a bullish BAT. As per the Fibonacci sequence of harmonic BAT the buy and sell targets of this pattern can be as below:
Buy between: $0.9161 to $0.6255
Sell between: $1.60 to $2.64
The maximum extent of buying zone can be used as a stop-loss, which is $0.6255. As per the above targets, this trade has a big profit possibility of 320% and the big loss possibility is 30%.
ICXUSDT SellHello Traders!
This is a sell trade of ICXUSDT. It is currently in a correction zone and this correction will give a nice drop.
Stoploss is -3% of investment
Take profit is 7%
Don't Forget to hit the like button and follow to stay connected
ICX has broken resistance Another one we have been accumulating waiting for this break above resistance. Ridiciously undervalued. Up only
ICX Ridicolously UndervaluedI remember selling a big bag of ICX for double digits early 2018 and seeing it under $1 is crazy to see. It recently tested long term resistance trend line and a break above would be a great ebtry point forthe trend reversal.
ICX 12345-ABC-12345This is not financial advice, do your own research!
It looks that way, but is it?
Icx usdt possible scenario ICX moving in a falling wedge in daily
Rsi make Lower high breakout will go to 1.40 orderblock
ICON: Broke below support, dumping. ICXUSDT is looking pretty weak, failing to get close to the ATH of 2018 of $10.28 during this bull run, with only reaching a 1/4 of that at $2.68.
With so many of the old guard of 2018, reaching and surpassing their ATH's of the previous bull run, this is a pretty clear sign of weakness.
Now that the bull run is looking pretty dead, there are no chances of even getting close to $2.68.
More bearish news are:
Below our last support in this area
Retested support, clearly turning it into resistance
Below the Ichimoku cloud
Below the 180 EMA
Bearish kumo twist
Based on all this, I'm shorting from 0.8329 with a STOP LOSS at 0.86
Right now I'm hunting for weaker crypto for shorting during periods of BTCUSDT decline
🆓ICON (ICX) June-17 #ICX $ICXICX is having a strong bounce from the $0.9 zone and it is currently heading towards the $1.40 and $2 zone and it could reach these levels in early July. However, if ICX loses this $1 zone then it easily falls to $0.7 zone
📈BUY
🔴Buy : 0.975-1.025$. SL if B
📉SELL
🔴Sell : 1.37-1.43$. SL if A
🔴Sell : 1.95-2.05$. SL if A
♻️BACK-UP
🔵Sell : 0.975-1.025$ if B. SL if A
🔵Buy : 0.68-0.72$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
BUY BIAS ON KSMUSDTOver the past few weeks, ksmusdt has been trading in the channel. It just approaches the lower channel giving signs of multiple rejections looking at the candlesticks. We look forward to a buy from here. we can get the channel broken but it has a low chance of doing that.
ICXUSDT - 12 HICX is still ranging in the triangle formation.
We are searching for a 12 h hl.
For every new follower i will add a new idea :)
