ICXUSDT trade ideas
ICON (ICX) - A Long Opportunity after a Trendline RetestSince the beginning of 2021 ICON (ICX) has been in an uptrend (marked on the chart). The altcoin’s growth is also mirrored by its RSI indicator, which to-date has approached the level of 50. Given the location of its Fibonacci lines and based on the last growth impulse, we can anticipate a decline of ICX to the trendline followed by the continuation of growth in the near future.
In this situation, it is best to focus on the trendline. A fall of the asset price below the trendline will signify a pullback for ICX. Orders to buy the asset should be placed in close proximity to the trendline with a Stop Loss as a safety just below it.
Use the GRID Bot by 3Commas to place ICX long orders closer to the uptrend line and marked buy zones. To do so, simply follow the steps below:
Head over to the GRID Bot by choosing it from the main menu in your 3Commas account;
Select the USDT Market and the ICX/USDT pair;
In the GRID Bot tab, go to the Manual strategy settings;
Set the upper limit price to $1.50 and the lower limit price to $0.75;
Number of grid lines: 10;
Set the quantity per grid parameter according to the amount you wish to spend on each trade;
Click the Create button.
#ICX/USDTPERP - Potential 20.45% #SWING
#LONG
#ICX/USDTPERP - Potential 20.45%
Optional Leverage: 3X
Entry - 7203
TP1 (75%) - 7810
TP2 (25%) - 8676
SL - 6756
- BTC - BTC PRICE Stable, BTC DOM Decrease = ALTS Increase
- Trigger: Bullish Gartley
- RR - 3.3
- Trailing Buy - .5%
- Trailing Profit - 1%
- Trailing Stop-Loss - no
The ICON is preparing to continue moving upwards!ICON is located on the bottom of the ascending channel and its support range and seems to be suitable for entry.
ICX will probably see the specified targets after some correction, especially across the chart.
We suggest that you monitor this crypto currency and be sure to trade according to your trading strategy.
Best Regards.
Classic Bullish Mango Prophecy - Long ICXUSDTPERPLonging the USDT paired version as well for higher upside.
As you can see on volume, volume is rising while price is rising . That's a rare sight! Shows huge demand.
MACD is going crazy and I actually would like some advice on how to interpret that haha. It's bullish, yes, but...
VZO is in 'accumulation' zone, breaking above 0 is bullish.
Is ICON about to take off?Icon is about to take off imo. Price has tested big resistance at $0.8 after forming higher lows inside of an upward channel. Big pressure on the upside now on ICX
And what you think of ICX now?
Is ICON worth invest in now?
It's pretty bullish for me now
I'm longing it with 5x leverage as usual
Happy trading and happy investing
ICXUSDT a big channel breakout expectedDifferent support and resistance level:
The price action of Icon is rejected by $0.80 resistance and now moving between $0.65 to $0.80 support and resistance levels. There is also daily 25 simple moving average support at $0.65 support. If the $0.80 resistance will be broken out then the next resistance would be at $0.95.
Big up-channel:
The price action of ICX has formed a big up-channel on the weekly chart. There is a powerful bullish candlestick trying to break out the resistance of this channel at the moment.
Harmonic moves on short-term:
On the short-term 2-hr chart, 1st the price action formed a bullish BAT then completed a bullish Shark. Now the priceline of ICX is completing another bullish harmonic BAT pattern. Even though this is a very small pattern, but at this time it is very significant. Because the priceline is also trying to break out the resistance of the big channel and a bullish reversal from the potential reversal zone of this pattern may help the price action to break out the resistance of the channel as well.
SMAs in the long-term:
Icon with Bitcoin pair, on the weekly chart, the 7 simple moving average has started lifting the priceline to the upside. Now there are 25, 50, and 100 simple moving averages above the price action. If the price action will be able to cross them up then a big move will be triggered against Bitcoin.
Ichimoku cloud:
With Bitcoin pair. the price action of ICXis also moving below a big bearish Ichimoku cloud resistance and for any big move breaking out this cloud is very important.
Conclusion:
If the price action will start breaking out the simple moving averages resistances on the weekly chart, then it can work as a big chain reaction. Every moving average can lift the price action up and it can also lead the priceline of ICON to break out the big bearish cloud as well.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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ICXUSDT is testing weekly support 🦐$ICX.X bounced on weekly support. IF the price will have a breakout upward and turn the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.