ICON – ICX – 4100% Profit/loss ratio. Seriously?Hi Guys! Seriously.
We noticed that ICX has made a nice growth recently.
Let’s take a look at the technical analysis.
• Very low at Fibonacci scale
• The lowest level ever was around 850 satoshis so we can lost from the current level 200 satoshis. On the other hand, ATH was at a level
nearly at 9200 satoshis. Hypothetically, we can win 8200 st and lose only 200 st which makes the following equation 8200/200 * 100% =
4100%. WOW. This is the best profit/loss ratio we have ever made.
• On the second chart you can see stable growth - slowly but surely - support defended 5 times
• MACD – positive trend – higher lows since a couple of months and bull’s cross over 0 level
• Weis Waves - supply has evaporated and finally, demand has shown up
• Ichimoku Cloud - far over TenkanSen & over the cloud & TenkanSen (red) crosses KijunSen(blue)
• We noticed on google trends that “icon coin” recorded significant growth in the UK
Take a look at the link
trends.google.pl
Fibonacci targets to achieve:
Target 1: 0.00002813
Target 2: 0.00004033
Target 3: 0.00005019
Target 4: 0.00006005
Target 5: 0.00007408
Target 6: 0.00009196 (ATH)
So Guys. This looks promising and what is more important it is safe.
What are you feeling towards this coin? Do you have a similar view?
Please do share your comments down below.
HUGE Hugs!
WBM Team
ICON
[ICXBTC] ICON Returns [550% – 800% + PP]I want to give another try at ICON ( ICXBTC ). We are still in an uptrend, since the last breakout, and this coin has huge growth potential. Over 800% to all time high.
Trade instructions by Alan Masters
Buy: 0.0000910 - 0.0001020
ICON ( ICXBTC ) targets for Alan Masters Trades
(1) 0.000132
(2) 0.000162
(3) 0.000196
(4) 0.000253
(5) 0.000300
Stop loss: Close below 0.0000767
GOD BLESS TODAY
Thanks god for this day, today!
Thank you for another day of grace.
Thank you god for another wonderful day...
God bless today!
Namaste.
ICX/BTCICX has found a bottom and made an impressive rally. Since then it retraced and hit the support at 0.000085.
We are now moving inside the channel. A break up should take us to 0.786 fib level. A break down , however, will take us to support, outlined in red.
But now is a good entry point with a stop loss at 0.000095
ICXBTC: holds strongThe support was set. But being such an obvious level, it is a target for an attempt of the false breakout before the confident rise. The length of the accumulation at the bottom here could be longer than for the other alts, but then eventually it must be released to a significantly higher ATH.
Not a financial advice.
ICX in a strong uptrendICX found bottom at 910 and now grows up. I have a whole bunch of patterns with many trendlines drawn. Each line cross will be supported by big volume and rapid price change (in one of directions).
We have support at 1000, smaller support at ~1026. Areas slightly below these lines are good buy zones.
Than we have resistance at 1070, 1150, 1250 (first strong resistance) and breakout area around 1370. Each resistance will become support once broken. Below each support is a potential buy zone.
If BTC is flying to the moon, ICX will fly side by side reaching 1560, 1870, 2080 and 2450. But that is absolutely uncertain possibility. Especially in time terms.
Day chart for bigger picture.
SL for bad scenario and buy back areas – 950 – 890 – 855
Fundamental analysis - I don't trust fundamental but I just happen to hear the news that one of Korea’s biggest insurance firms SK partners with ICON. Maybe true? I don't know.
P.S. Not a financial advice. For educational purposes only.
A Nice floor made on $ICX, is it the bottom?We love to see this chart. Looks like ICON just finish it's first price action wave. Which is we think that the bottom is in. Why?
1. Price is back to the level where it was started on the first day it listed on Binance. Under 10k sats is really a bargain.
2. The price action getting closer with the ichimoku cloud, which mean it's getting closer the reversal. it isn't valid yet, but can use this as additional opinion.
3. Another indicator which as you see that ParLE and ParSE again says that will be a good entry right there.
but RSI level is showing a bear sign which we're not really happy. above all R:R ration on this chart is quite great, supported by fundamental reason we think ICON is one of the coin we should play in in few weeks ahead.
ICX - Good buy between $0.2- 0.3$ ICX has been in a pretty strong downtrend. It made a corrective 3 wave down up instead of 5 wave impulse up that would suggest that it has another leg down before short term trend reversal.
ETH is also weak and will make another leg down. ( very good indicator of health of alt markets )
Planning to buy between 0.2-0.3$ for best to risk to reward setup on ICX.
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis:
. ICON/ETHEREUM is in a range bound and the Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002910 to 0.002380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002910)
Ending of entry zone (0.002380)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003400
TP2= @ 0.003730
TP3= @ 0.004440
TP4= @ 0.004940
TP5= @ 0.005920
TP6= @ 0.006900
TP7= @ 0.008290
TP8= @ 0.010070
TP9= Free
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis:
. ICON/ETHEREUM is in a range bound and the Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002910 to 0.002380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002910)
Ending of entry zone (0.002380)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003400
TP2= @ 0.003730
TP3= @ 0.004440
TP4= @ 0.004940
TP5= @ 0.005920
TP6= @ 0.006900
TP7= @ 0.008290
TP8= @ 0.010070
TP9= Free
ICX Strong Buy - Sept 2018 After dropping nearly 30% in its most recent drop (early July), ICX has been recovring and building a strong base. Expect bullish reversal continuation and a climb back to regain lost ground over the course of Sept/Oct 2018. This is under the bias that the market has bottomed and as a whole is reversing to the upside for end of 2018.
1D ICX setup using Ichi, HA candles and TrendMasterBullish
* TK Cross
* HA bullish signal candle printed via TrendMaster
Reservations
* TKx—weak signal strength as we're under Kumo still
* Bearish Chikou till we get a break out and above from price 26 periods ago
* Bearish Kumo Future
Idea contains possible paths for Chikou as well. After going through past price resistance, it will encounter Tenkan and then Kijun.
Still learning Ichi. Please do let me know if you have any tips, etc. Constructive ones are the best. Thoughts? Thanks
ICX in a descending wedge - looks like a possible break upwards You can see the descending wedge in the chart which it has been respecting and within the next 24 hours or so it will make a decision on where it wants to go outside of the wedge. Generally these wedges see a break up. Volume is decreasing as it's consolidating as you can see from the light red arrow on the volume bars.
Initially from the jump it was forming a bull flag which looks to have changed into a wedge. The jump might not be as high as my target there - it may only reach halfway up since bitcoin is nearing resistance. I'm going to set a stop loss at entry if/when the breakout happens
Like the analysis if you found this useful.
[ICON] Current status - Looking Bullish againHey guys, it's been a while since i've been busy with studies and such. Current status is looking alot more complex , i'm not convinced what will happen as I can see multiple scenarios, but we do see something positive being formed. My last post about ICON was that we've seen the bottom. After that we pumped to $0.95 so to some extent we have. However anything is possible in Crypto and predicting the long term is complex currently.
My number 1 target is that we repeat this cup and handle pattern. If that happens i'm going to look at the 1600 sats level before we see a small sell-off. This is the absolute short term based on activity, market analysis.
My number two target is probably the safe bet assuming we follow the bullish trendline i've pictured. It will take a little more hodl and i'd probably expect entire september to be bullish after this massacre we've seen. Assuming the entire September month is bullish we would probably be looking at 1600 sats aswell at the end of that month. Assuming we have that kind of steady growth we Might accelerate and ignore the bullish trendline and just moon to crazy levels which is impossible to guess and is highly dependant on hype.
IF we break this bullish trendline that's currently being formed i'm going back to being bearish/sideways movement, I don't see it likely happening but it's a possibility. Sorry for not making as clear prediction right now, I just don't feel safe betting bear/bull when we haven't seen consistently activity yet. This is a risky bet, if you want to stay on the safe level I would suggest you to wait and see if the bullish trendline holds, if it doesn't then like I said we'll probably be back to the blood - Might even set a new low at $0.30, who knows how low that could be.
When it comes to fundamental news we've seen ICON pumping out massive bullish news that haven't really pushed the price at all since we're clearly seeing manipulating and suppressing on the price - Instead we see Dogecoin pumping. Some news that I personally consider important is the $5m in ICX Buyback program which will provide ICON with massive support and confidence. This is mainly why i'm bullish right now. We also see dApps starting to launch on the network so overall the long term is looking really bullish to me. However that doesn't mean we won't see the bear. I said in an earlier post that i'm expecting crypto to go sideways for around 2 years (based on historical chart movements) after the last bullmarket. I still stand by that point for crypto in general but we did see Ether for instance pumping to $35 Billion in early 2017 before the massive bullmarket came by. So it's a strong possbility ICON might pump to atleast half that market cap in 2019. That being said if the technology is to be available by then.
My Portfolio: I would like to be transparent and let you guys know i've accumulated most of my tokens at $.60. It wasn't perfect and I did doubt my predictions. My most recent Buy-in has been a few days ago at $0.68 before we formed a cup and handle and rushed to higher levels. I do want to clarify, I haven't been perfect trading ICX either: I bought some tokens at $9 dollars during the hype, since then i've realised we're in the blood and I have DCA'd my average alot. I've changed my strategy to be more critical . I hope you prefer me being honest instead of only talking about my good trades :).
I was told to setup a Donation Address , it's obviously not mandatory but would definitely encourage me to put more time & effort into this hobby: Providing you guys with more consistent activity & chart analysis.
ICX - hx6601d72a45f173681a9122b74352d46cf8d00e87
Thanks and enjoy the rest of the weekend!
P.S: Should I keep using BB-Code (Bold text to highlight keywords) to make it easier to read?
Disclaimer : This is not financial trading advice and I will not be responsible for any funds lost. I'm doing this out of enjoyment and as a hobby. I do not want to be considered a proffesional in any form. Thanks.
$ICX / $USDT Looking to Complete 5th Wave?I will not predict price points as too many aspects can play within a market; but I will use Fib Retracement & Extension levels for targeting potential ranges. Consequently, I am more of an "in the moment" type of trader that focuses upon trend direction via Elliot Wave, while using other aspects to help identify and react to trade decisions. I tend to focus on shorter term alt coin positions, to focus on my end goal of earning as much Bitcoin as possible.
BTC STATUS --> looks to have a bit of room up still. Today with CBE and exchange issues could raise issues. Keeping a close eye as this is my only position at this time.
- Looks like .7800s could be bottom of Wave 4
- Reaching Fib 1 Extension would be a 49% Profit
- Wave 1 Length for Wave 5 would put us around .786 area at $1.13
- Stop Loss currently set at .78 with a few alerts set in-between my long position at .82s
- I'm trading in $USDT as I am not convinced that $BTC will maintain a longer-term upwards trend YET.
- Wave 5 price point is not a prediction... just outside focal point of chart and will adjust as things play out.