ICX Long (Icon Project) Crypto analysis/ideaBINANCE:ICXUSD has a good potential to see a high climb. This could be a great long-term hold because it is so cheap and has very good potential. Their blockchain technology has solid use to improve our future by connecting multiple networks into one. This could be a great centralized hub. The current low price with sell power dying off makes this a very good buy. $ICX
ICON
Buy ICX NOW!?Hey everyone!
Really IMPORTANT update on ICXBTC is here!
While I was writing it went up almost 5%. Looks like we are about to change the trend soon! Today's 1D candle looks really good, we just need to prove it with the good volume, at least something like 05.11 or perfectly 04.27.
We are about to bounce from 0.0003064 support zone.
For the confirmation of the trend turn we need at least to have:
1. Support zone nearby Check!
2. Big candle in the opposite direction of trend, which will be bigger then previous candle, perfectly bigger than few of them. And closing higher than previous candle opened. NOT Check! (yet) But looks like it's going to be. We need to wait for the end of the day.
3. Good, really good volume. I mean GOOD volume so everyone go CRAZY! NOT Check! (yet)
But we still have time, wait passionately. You don't want to miss money! Remember, we are here to reduce our risks and increase profit!
I will keep an eye on ICXBTC chart. Will update soon!
Don't take risks, wait for the confirmation of trend.
And please leave a like.
Thank you!
ICX/BTC - Setting up for a longThere is a cluster of fibs around 3.3k sats on ICON. Bullish divs on oversold areas provide more confidence for a long set up at those price levels. Pitchfork channel support also (1.5) -got tilted on the published chart but its kinda visible on the pic below.
Detailed count :
ICON - Reversal awaitingICX/BTC pulled back like the whole market and it's currently trading at its 0.236 Fib level. Between ~32k and ~34k is a nice buy range. If it falls below that, we might expect a full retracement back to ~28k.
ICON actually made a similar Wyckoff distribution pattern earlier this year.
ICX - Moment of Truth. Fib Retracements Don't Lie?1. I have been watching Icon's chart for quite some time and most people including me have been eager for ICX to complete the Cup and Handle a few weeks back (indicated in the yellow), but has failed ever since.
2. I myself have exited the position due to the market failing to keep in tact the trend lines indicated on my chart, and also has failed to maintain fib level .618.
3. It has bounced on the final .786 fib retracement level, where I made a position, but have gotten back out at breakeven. If it breaks down from here, expect a big drop.
Good luck!
ICX/BTC 5.26.18Sleep is the cousin of death. Periods of consolidation should be periods of study. I saw the advice given that as you study technical analysis further it can be good to share your charts and ideas.
You all have that idiot to blame for having to look at this.
So. On the ICX daily chart we seem to be forming a very significant pennant (in blue) with a big horizontal channel (in red) with massive resistance and massive support levels. The convergence of those red lines with the blue trend lines is a likely indicator that major price movement will follow breaking any of those lines. And the window is shrinking by the day.
Everybody's waiting on Bitcoin...
ICON, ICXBTC - The "Perfect" ScenarioICON, ICXBTC one of the better coins if you look at their fundamentals, partnerships, and objectives.
And with our previous analyses, we did on ICX you could have made a very nice profit so let's take a look at ICXBTC again and see if there's another opportunity to (swing) trade it.
TRX, TRXBTC.
Analyses
- As with the market, ICXBTC has retraced quite a bit and it looks like we're probably not done yet.
- If the market stays weak for the coming days then we're obviously heading lower and the most likely support area is around the 3250 satoshis level, which is within the "golden pocket" fib. retracement level of .618 - .65.
This is also the area where the price hits the lower (blue) trendline again which it has hit and bounced off of numerous times. So this is another indication that is a key (support) area.
- And if we look at the Elliot Wave, we're looking to make a 5-3-5 (Zig Zag) correctional wave and it looks like we're currently in wave 4. So the 3250 satoshis and the .618 - .65 fib. retracement level will give a nice wave 5 count.
- If the bottom is set, then we 're looking to make a new Impulse Wave up which you can see on the chart above with my current likely projections and count in a so-called "perfect" or ideal scenario.
- Within this scenario, we will also look to make and break out of a big cup & handle pattern so look out for that as well.
- And by the end of next month, they're expecting to have the ICX/ETH decentralized exchange launched so this should be the next catalyst for the next runup.
So there you have it, our current outlook and projection for ICXBTC. In time we'll have to adjust and adapt when things are changing.
And as with crypto, things can change very quickly so buckle up cause it's gonna be a hell of a ride ;)
Like the post, if you liked it and share it if you loved it. This is for good karma.
Leave a comment if you have any questions.
And until next time, good luck with your trading!
Disclaimer
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
ICX/BTC 4hr -Consolidation. We May Not Get Lower Prices-ICON has been choppin sideways, while accumulation continues and trader's look for trade opportunities in other coins.
I am a long term bull on ICX. Therefore, please understand my bias with this trade. After a technical pivot which occurred around March 3rd, I now have a proposed count placing us in a 1,2,1,2. This is very bullish and needed to blow through some upper resistance present.
Take note, our upper resistance is pulled from our ATH in February. In other words, once broken through the sky is the limit. Hence, my bullish long position on ICX.
As always, this is for educational purposes only. Your own TA is the best TA. Please like and comment on this idea as it motivates me to share my ideas and trade progress with all. Good luck everyone, and trade safe.
--longmoney
ICONICXBTC moving in uptrend. I see triangle.
200 Million Users Messaging Giant LINE Partners Blockchain Project ICON
decrypto.net
CHAIN ID : The world’s first blockchain joint authentication service
This post is to help you better understand CHAIN ID, the world’s first blockchain joint authentication service developed using theloop’s blockchain engine loopchain.
Discussions are underway in Korea regarding a regulatory shift away from the use of ‘Certified Certificates’. Certified Certificates are issued by a centralized Certificate Authority as a method of personal authentication (digital signature). Financial institutions are at the center of the debate, hoping to move away from using a centralized authentication method to a more diverse and flexible standard for personal authentication.
Answering to the needs of a new method of personal authentication, theloop has joined the Korea Financial Investment Blockchain Consortium as a technical partner to develop CHAIN ID. CHAIN ID is the world’s first blockchain joint authentication service and has been in use since October 2017 by 11 securities companies..
Public figures, such as the chairman of the Korea Financial Investment Association and Don Tapscott, author of ‘blockchain revolution’ and advisor of ICON, sent their congratulatory message in the opening ceremony of CHAIN ID.
We expect the blockchain joint authentication service to extend its use into other industries as well.
medium.com
March, 2018 — Token Swap, Mobile wallet
April, 2018 — IISS launch, ICO platform
Q2 2018. — ICX/ETH DEX, Public Channel
Q3 2018.— Governance Channel, IISS Improvement
Q4 2018. — SCORE Improvement
ICX/BTC Weeky chart formationICX/BTC seems to be forming a rising wedge on the weekly chart. After the large downturn we see price made two higher highs which is acting as the resistance level of the wedge and two higher lows with a couple close touches. Although it is a week rising wedge the decreasing volume is what is making me believe this could be the case. I don't think we will see any significant movement outside of this wedge formation for the next month or so.
Happy Trading
~Laika
$ICX-BTC | Is this the bottom?My Assumptions:
1. Bitcoin doesn't do any crazy moves.
2. People expected way more growth for the consensus week, since ICON has been one of the major sponsors. These short term speculators may have left the market in huge dumps during and after Consensus2018.
3. The joint venture with Line is big. But the impact wasn't as big because of Nr. 2.
4. Launch of ICONest, their ICO plattform, didn't have a bigger influence on the price, since the ICON team (or "exchanges", I don't care) still didn't manage to complete the token swap.
My Predictions :
We still have a long way to go up, as long as the team delivers and reaches milestones.
I think a lot of people saw the cup and handle pattern. At first I thought the top line is at around 46500 Satoshis and the breakout would work out a lot stronger. But meanwhile, I know the cup and handle was actually a little smaller with the top line at around 42000 satoshis. The purple lines belong to this pattern. As you can see the depth of the cup fits perfectly to the recent high of around 52500 satoshis. So the breakout around April 24th should be ignored. Using this purple trendline, I can see a descending triangle with the purple line as bottom line. The dip below (on May 11) can be ignored for this pattern, since it corrected back up very quick and big time. The fib levels seem to be important supports and resistances as well. If we see a break above the yellow line (drawn on the daily in log scale) I expect a break above the 0.236 fib level as well, which should add some additional fuel to the rocket. ;-)
My Target is a break back above the white trendline. I guess ICX is going to come back to follow this trend line, and maybe starting to form a nice ascending triangle with 52500 or 55000 as upper line. And then we will see! :-)
Possible Trades:
Buy zone: 42000-44000 satoshis
Target 1: ~10-15% profit
Target 2: ~20-30% profit
What do you guys think about this idea?
Sources :
Consensus Sponsors 2018: www.coindesk.com
Launch of ICONest: medium.com
ICX Token Swap Status: medium.com
Partnership with Line: medium.com
None of this is financial advice, of cause. I am just drawing fancy looking lines on my screen.
ICX I Next MoveICX can go up strong with support Triangle Pattern and RSI
When ICX break out Triangle Pattern
ICX can go up to 5100 - 5900 in short-term
Now we can buy a fews ICX again : 4150 - 4300
Profit
(1) 4450
(2) 4740
(3) 5100
(4) 5400
(5) 5900
(6) 6400
Stoploss : 3960
Good luck Everyone
Thanks
Wan looking to make a decision. Strong buy wall @ 7100 sats.Looks like the bullish falling wedge pattern is trying to form on wan. Reached the 7000-7100 sats support again which is near the 50% fibonacci support line with the RSI rising forming a slighy bullish divergence on the 8 hour. MACD has crossed on the 6 hour and is starting to cross on the 8 hour. selling volume decreased so it seems the support line has been found. Just need some volume to break out. Also looking to form an ABC within a few weeks/months reaching new highs. Plus with all of the possible parnerships and the ICOs announced there will be enough bullish news for another breakout.
Targets:
8500 sats
10000 sats
13500 sats
HAS ICON HIT ITS BOTTOM FOR NOW?ICON Has a good buy-in price, Waiting for MACD cross-over to confirm. However, it is still in a bear trend. Good buy for short, but remember to take profit at points. 0.005300ETH might have some resistance, and definitely to break the bear, 0.005490 to take at least 25% out to secure profits as ICX/ETH will have a BULL VS BEAR Fight to see who wins.