ICXUSDT trade ideas
ICXUSDT Momentum Shifts and 100% Upside PotentialAfter giving a respectful nod to the long-term downtrend trendline, ICXUSDT went ahead and broke free from the supply zone. The recent resistance at $0.33 is now playing the role of a supportive ally.
What does all this mean? Well, it's looking like ICXUSDT is on an exponential bullish streak. And you know what that means? We're likely to see this uptrend continue its momentum.
Now, let's talk upside targets. The ever-reliable 161.8% Fibonacci retracement level seems like a reasonable goal. And if we hit that mark, get ready for a jaw-dropping 100% price surge for ICON!
Seems Complicated But Pretty Simple ICXOn the daily chart ICX a good blockchain project is forming a solid cup and handle formatiom. On the other hand there is a clear W formation already ready. Right now passing a strong ressistance these two formations combined could result in great profits.
To add up to it we can see a head and shoulders pattern in the 1H time frame too.
ICX Road Map🗺️!!! situation+next targets.Hi.
COINEX:ICXUSDT
✅Today, I want to analyze ICX for you in a Weekly time frame so that we can have a MID-term view of ICX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
ICX has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to 0.70 . The expected movement is measured as the price movement (AB=CD).
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ICX Price Analysis: Bullish Signs Emerge on the Weekly ChartIs ICON (ICX) Poised for a Breakout?
Introduction:
ICON (ICX) is a South Korean blockchain project aiming to connect independent blockchains for seamless data and value exchange. The ICX token acts as the native fuel for the ICON network, facilitating transactions and governance processes.
Current Price & Historical Performance:
At the time of writing (March 8, 2024), ICX is trading around $0.32. The coin reached its all-time high of $13.16 in January 2018 and its all-time low of $0.012 in March 2020.
Weekly Chart Analysis:
Bullish Momentum: The recent weekly candle closed with a large bullish body, signifying a potential continuation of the uptrend. Notably, ICX has already decisively broken above its 25-week and 50-week moving averages, indicating a shift in momentum from the sellers to the buyers.
Key Levels to Watch:
Support: $0.2166 (Current Box Bottom)
Resistance 1: $0.3623 (Current Box Top)
Resistance 2: $0.5722
Target 1: $1.0598
Trading Strategy:
A long position entry above $0.3623 with confirmation on the weekly chart could be considered. However, a stop-loss order below $0.2166 is crucial for risk management.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Similar Coins:
Cosmos (ATOM): Another interoperability-focused blockchain project.
Chainlink (LINK): Facilitates secure off-chain data access for smart contracts.
Polkadot (DOT): Another prominent project aiming to connect different blockchains.
ICX/USDT Seems Poised for Bull Run? ICX Analysis💎ICXUSDT is showcasing dynamic market movements, poised on the edge of breaking free from its descending channel pattern.
💎At present, #ICoin is undergoing sideways consolidation within a demand zone, which was once a supply area. There's a significant chance for the price to rebound from this zone and initiate an upward trend, aiming for the bearish OB area as its next milestone.
💎If ICX does not manage to rebound and instead falls below the demand zone, it might withdraw to the Bullish OB area, situated around the $0.196 mark, in search of renewed drive for an ascent.
💎The Bullish OB area has historically been a key point for triggering notable recoveries upon its examination. Yet, a failure of this zone, substantiating a bearish trend, could lead ICX to seek bullish signals from an even lower stance.
💎In the event ICX doesn't leverage upward momentum from this subsequent level, it would likely sustain its descent. Rest assured, we're here to assist you in navigating through these market shifts.
ICX will be pumped soonIt has a boolean structure. It can be pumped while maintaining the green range.
It is expected to sweep the minimum liquidity pool indicated on the chart. The targets are clear on the chart.
Closing 1 daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ICX/USDT Break this area, next stop is Bullish Flag resistance!💎 ICX has recently exhibited significant market dynamics. Presently, ICX is encountering resistance in the supply area, where it has historically faced rejection.
💎 However, if ICX manages to successfully break out above this area, it could trigger a bullish momentum, potentially leading to the continued upward movement toward the resistance trendline of the Bullish Flag pattern.
💎 A breakout from this pattern could pave the way for further gains, possibly reaching our target area.
💎 Conversely, if ICX fails to break above the supply area, there's a possibility of price rejection, leading to a downward movement towards the support area or even the demand area.
💎 The demand area holds crucial significance as it often serves as a pivotal level for price action. A bounce from this area could indicate renewed buying interest and potential for another attempt to break out above the supply.
💎 However, if ICX fails to hold above the demand area, it would signal weakness and potentially lead to a bearish trend reversal, with the price likely heading further downwards.
ICX soon can break above the Bullish channelICX soon can break above the Bullish channel. We might see a small bounce off the Resistance line r the upper band of the channel.
🔵Entry Zone 0.2494 - 0.2570
🔴SL 0.2285
🟢TP1 0.2682
🟢TP2 0.2921
🟢TP3 0.3135
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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#ICX/USDT - Long - Potential 33.33%Strategy: Long
Exchange: BYBIT
Account: Spot
Entry mode: Market order in range
Invest: 5%
Exit:
• Target 2 : 0.384 33.36%
• Target 1 : 0.31367 8.93%
Entry: 0.28795 ⌁ 0.28795
• Current market price: 0.28795
Stop: 0.2478 (-13.94%)
Technical indicators:
Confirmed uptrend, recent trendline break, big overhead resistance flipped to support and RSI with upward momentum. Crypto market as a whole looks pretty frothy with the BTC ETF approval anticipation bringing volume and interest.
• ⎿ 24h Volume: 146376.7818197
• ⎿ Satoshis: 0.28795
• ⎿ Analysis: TradingView
🚧ICXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one
➡️ICX has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ICX is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen!
🟡Summery:
-ICX has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pennant is Visible on The chart!
-No break out yet!
🤑Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!