ICXUSDT.P trade ideas
Red Weeks for ICTICTUSDT has broken its uptrend channel in the weekly timeframe, and also EMAs are showing a downward trend, so we may see a further decrease in the price for this Crypto in the coming weeks.
Big symmetrical triangle on the dailyHello Tradingview friends,
Today I'm going to cover ICON ICX/USDT pair which looks like it's forming a symmetrical triangle.
ICON Project:
The ICON Cryptocurrency (ICX) is a cryptocurrency network that was launched in 2017 by a company based in South Korea. ICX is the associated cryptocurrency token or coin. ICON is actually a complete blockchain network, with the primary purpose of facilitating the connection and interaction of various blockchain software programs through the ICON network.
ICON aims to serve as a sort of a blockchain hub or a point of connection. The company is addressing an important need in the growing field of blockchain technology. One of the challenges for the widespread adoption of blockchain technology is that each separate blockchain community uses its own network. Therefore, the ability to connect the various separate networks is a major step forward in blockchain technology, which is increasingly being used as a more secure mechanism for the transfer and/or storage of all types of data.
Technical analyses:
It looks like ICX is forming a big symmetrical triangle which most of the time is a continuation pattern. So how can we decide if it's true and what clues can we find to confirm this thought? A symmetrical triangle is formed by an initial wave 1 or A up (could be down in a bearish trend and up in a bullish trend), followed up by a wave A down, ABC up and another wave C down to complete a big ABC correction. Right now we would be at the end of wave C. This sequence forms the triangle as you can see on the chart.
The clue that got me triggered is the "hidden bullish divergence" (green line) and the traditional "bullish Divergence" (pink line)
Hidden bullish divergence is when the price makes a higher low but the indicator (RSI in my case) makes a lower low and in this case showed that ICX was oversold at 0.9 ICX/USDT.
Bullish divergence : is when the price makes a lower low but the indicator is showing a higher low. So in both cases, they go the opposite direction.
This divergence makes a good case and could confirm my thought about this triangle.
IF ICX breaks the upper resistance the target would be ICX/USDT 4,76 which is a 357% upward potential.
I hope this is useful for you and it helps you to confirm your own thoughts. I'm just another guy trying to make some money. #DYOR
Good luck!
Icx - Bullish DivergenceIcx is getting ready for next big move, it is consolidating at support and will explode soon. Get ready for 300% move.
ICON (ICX) - LONG TERM VISIONHello trading friends,
ICX had normally to have better times in 2021 , and depending on more reasons as the breakdown trends, ICX did not hit the target of 3 USD. and was not far from that target.
There are more reasons why sometimes it's better for coin to make a return below trend and today ICX is in a place that could be interesting for the long term spot- of course with the expecting that market should be green (BTC) or at last stable. crash markets can make in main way also changes to other coins.
ICX has possibilities to increase into long-term to high targets and as best target 3 usd+
in the chart, you will find more targets than the 1.5 USD target.
Have a great day
@ soon more updates about this coin
Be Like a ICON !! Be Like a ICON ( ICX ) !! a quick deal for those guys who like a small cut 6% on the run :)
I personally believe on ICON ! even though it closed negative for December 2021 at -29.06% and that's why its the right time now to watch it closely guys ! its on accumulation level right now I might be wrong but that's what I see from eth chart and very soon it will record a good position !
I might be wrong pls share our thoughts
Thanks
MGM
ICON (ICX) broke down the support of big triangleHi dear friends, hope you are well and welcome to the new update on ICON (ICX) coin.
Broke down the triangle:
On a weekly time frame we had very strong support of a symmetrical triangle, but unfortunately, ICX has broken down this long-term support. There was also a 100 SMA support which is also broken down. Now 200 SMA support is still below the priceline which can be the last hope for the price reversal. The stochastic is also oversold on the same weekly time frame which can be also a big support for the price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ICON (ICX) completing bullish Shark pattern for upto 240% pumpHi dear friends, hope you are well and welcome to the new trade setup of ICON (ICX) coin.
Previously we had a nice harmonic trade of ICX:
Now again on a weekly time frame, ICX is very close to complete the final leg of bullish harmonic Shark pattern.
ICXUSDT, Exactly drop to activate our buy zoneHello guys
ICX is one the amazing project in last years but in these days its not working very well
According to the chart and previous analysis, after the price supported in the area that was had 2 support zone one of the trendline and one of them was static the market started upwards movement to the key point level and because of the loss of power to break this important level we shown on chart that the price is ready to dump and exactly this event happend and now the price is in our buy zone area.
We expect the price can rise and move upwards toward the target after have some consolidation in here and take time in this zone.
At first take signal then take in long position for future and if you wanna trade in spot you can buy one step of your money in here.
If you have any question send us messages in private
Good Luck
Abtin
Previous analysis :
spot & hold ICXbuy ICX/USDT and hold it
Our team has reached this conclusion that in 2022 spot is nice
ICX | ICON RepublicThis decentralized interoperability protocol aggregates blockchain data into one layer.
I think ICX price will begin attacking the 15min trend, soon. It first needs to break out of the local trends (not marked). If the trend prove too strong to break out and test the daily there are a couple untested levels that could still ladder this move upwards. ATH incoming. Pack those bags. If those lower levels get tested then nothing will be holding back the fire that will fuel the move to $4.00 when the test of time defeats the long awaited daily trend break... hopefully. ;)
It Can Be Another Wonderful Reversal Of ICON (ICX) coin.Hi dear friends, hope you are well and welcome to another new update on ICON (ICX) coin.
Big triangle and an expected reversal:
On a long-term weekly time frame, the priceline of Icon coin is moving in a symmetrical triangle since Dec 2020 and sofar this support is not broken down.There is also a strong support of 100 simple moving average moving with the support to the upside, therefore, the triangle’s support is so strong and not broken down even after a year. The stochastic is also suggesting that the market of ICX has been oversold therefore a power reversal is possible very soon,
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ICXUSDT - LONGBased on technical factors there is a long position in ICXUSDT Icon
ICXUSDT Icon
Score 1️⃣
🔵Long Now or set on Key Level 1.215
🟢Target 1 1.280
🟢Target 2 1.395
❌Stop loss 1.180
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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Bullish pattern forming - Awaiting ConfirmationNeeds confirmation on a RSI divergence, with support held inside wedge.
* Add if shorts being forced to close positions at a false breakout downward.
* add on breakout of wedge to the upside
* add final portion to position on confirmation of resumption upward.
The BTCUSD flow will drive the likely outcome here. (with ETH in mind, though BTC seems to still drive the overall market)
ICXUSDT, We need more drop to reach to buy zone areaHello evreybody
According to the chart and previous analysis, We shown on chart that the price is need to drop more because of the movement that couldnt break the key point level and drop price started from there level.
If the price drop more and come to our buy zone area we can buy one step and wait until to reach to the target that we will update it in future
We should be patient just watch
Good Luck
Abtin
ICXUSDT DailyPlotting Fibs Retracement Exercise
3 Confluences area of Fib Retracement
50% & 50%
61.80% & 61.80%
78.60% (Support)
Breakout from the downward trend line
$ICX- This is Awakening As Well!They say in crypto "Buy the rumor ; sell the news" or vice versa ...i don't know which is which anyway!... So ICON foundation has some huge 2022 plans for their investors starting with a snapshot that is about to happen in about 30 hrs from now for all ICX holders(not on the exchange but custodial wallets ) in preparation for some new token(s) airdrop (ICY and ICE) that will kick off in the first quarter next year.
So i think there will be some buying that will happen in the coming few days in preparation for this...
Check their discord channel for more details
Anyway...looking at the daily TF, I think it is still in this corrective wave pattern that will either break out after brushing those plethora of resistance at 2.3 till 2.7 and continue up or comes back down for final corrective wave ,retesting at about 1.8 before continuation up.
It is still at a very good buy zone ATM
ICXUSDT - SHORTThere is a short position in ICXUSDT Icon
ICXUSDT Icon
🔴Short Now or set on Key Level 1.560
🟢Target 1 1.485
🟢Target 2 1.435
❌Stop loss 1.590
#K_Level
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