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ICON

ICON/BTC Crucial support ZoneIcon is tethering on a crucial support zone. A break below would show no strength at all against BTC pair. I didn't think ICON would show such weakness. Mainnet was released and it dumped as expected, but the consolidation has been ongoing for weeks now. I hope ICON will hold this support and we begin accumulation. Altcoim winter is among us, but we all know whats comes after Winter :) Be patient and hold strong, ICON is a great long term investment and i am as bullish as ever.
Long
by jassem91
ICX In A PinchICON appears to be in a similar situation that we just saw Ripple in before it broke out sharply (and then bounced back down just as hard). Huge bullish divergence in all the right places. If you check the 15m and 30m charts, where alt coins tend to be more responsive than the big players, the divergence persists and we can see a very smooth and gradual rising of the lows on the MACD that appear to be consolidating to zero towards the apex of this squeeze. Could signify longer-term long positions. After the way XRP played me last night, I'm weary of taking on a new long-term girlfriend, so I will be proceeding one candle at a time here. Wait for the breakout! Set stops accordingly! Cheers! -B *This is not advice to trade. If you would like to take everything I just wrote in this post and create an abstract message from it where I'm subliminally encouraging you to be a better version of you and to love everyone around you, then by all means, take this advice. But don't trade just because I said so.
Long
by befunkt
1
ICX: Will We Find A Bottom Fairly Soon?Observations: Appears we are currently in a WXYZ triple combo correction, finishing off the very last C wave (in the form of 5 waves down). Watch for a potential bottom within 2600-3075 satoshi. Monitor the 55 EMA support as well on the 4h chart for less risk. Trend should flatten out into an accumulation phase before a move up. This is a great project with substantial long term potential. It is a HODL coin and not to be seen as a quick flip. Disclaimer For informational purposes only and not deemed as financial advice.
by modernpicasso
QUICK UPDATE: D4s Take On ICON (ICXBTC) - Sssshh.. Don't Tell..!Hi Friends! D4rkEnergY has decided to do something he usually never does. Normally we only do this for our V.I.P. Members. But I'm so happy at the moment, because of all that love you are giving me, that I will do an exception. D4 has now almost 5,000 followers here on TradingView and an average of 20,000 chart views. That is truly amazing. Yesterday I also became Monthly Top Author, even though I have only posted Public charts in 2 weeks. Woow... I really want to thanks all of you guys for all that love and support. We will continue to grow, and I will do all what I can, so we will expand and D4 will make you guys rich. Believe me! D4 has already made 1,500 people rich. Now he has decided to make 100 more people rich! Very soon... Let's begin! We are here taking a look at the 4h ICXBTC Chart. First of all I want you to take notice of ICONs very short life cycle. That is very important to be aware of. That means we have less data, which makes is more difficult for us to predict. Normally we use all kind of tools or indicators to determine which way we are going. We look after fractals, different patterns, moving averages and Elliot Wave Theory. It doesn't really apply super well, when we don't have so much data. So what we instead can do is to look after previous price action, to get a good idea, where to buy. First of all I want to say, that D4 is bullish on ICON as a mid-term/long term investmen. The fundamentals look good, and as you can see ICON has lost a lot of value compared to BTC after it's bull run in December and January. So this might be a really good time to buy ICON to a discount price. It seems like we are about to have a reversal in the market, with BTC now in an uptrend. The green boxes are you buy zones. You might even lock in some buys already now. You are welcome, guys! D4 really loves you <3 PS. I truly feel blessed, that we can take this journey together. Please give a LIKE and FOLLOW <3
by D4rkEnergY
16
ICX falling wedge - Indicating a potential breakout (FINALLY)ICXUSD is a project with both great fundamentals, and potentially great technical indicators at the moment. It got hit especially hard during the recent market correction, retracing over 80% to the current bottom (from a high over $12). I'm hoping for an equally strong rebound. It has been following the rules pretty closely as far as wedge patterns. Ascending triangles are predicting a rise, while rising, or bearish, wedges are predicting a drop. We are consolidating within a falling, or bullish, wedge right now. This indicates a potential breakout. Bullish divergence on RSI could also indicate a trend change. If you're curious, I used the USD pairing for the chart because it more accurately illustrates the wedge patterns, and the adherence to it that's particularly relevant. What I'm watching for: - If we break out of the wedge, I'll start buying when we have confirmation at the 0.236 fib level (X) - If we get rejected, I would buy at the bottom of the wedge channel (green box) Good luck, be safe, and as always, DO YOUR OWN RESEARCH! This analysis is only my opinion, and I may be an idiot! Thank you :)
BINANCE:ICXUSDLong
by jessesfeinberg
ICX – When will the bulls be back + short term trade opportunity1) ICX has been in a beautiful upward trend channel ever since its listing on Binance on December 19th 2017. 2) When it broke support of that channel beginning of February, it plummeted in a very nasty downward channel from an ATH at 9234 sat to 4577, practically half. 3) Ever since, it’s been in a downward triangle formation where price hits the resistance line each time – and moving around Fibonacci retracement levels in between. 4) We are now trading at 3483 sat, and have hit the light blue 78,6% Fibonacci retracement level (note that the full 78,6% retracement level still shows more downward price potential all the way down to 2409 sat. 5) But basically, for the moment, we are trading near the triangle support ànd the Fibonacci 78,6% retracement. These are still strong support levels for the time being. 6) If we look at CCI , we see clear sell and buy signals (red/green verticals) that align with the up-and downward swings since beginning of February. We are now reaching a new “buy” signal there. 7) Looking at MACD , a similar story unfolds, and again: we are reaching a “buy” signal there. 8) I believe the next move will therefore be to i) 3862 sat (First Fibonacci retracement level), and that there is some more room to ii) 4227ish or so. That is not an incredibly great return potential, but still goes from 10 to 30% in the short term. 9) After that, it will likely need one more pullback before really testing the triangle. 10) In the meantime, one can keep a close eye on the price movement from the sideline and wait for a nice (hopefully upward) break-out of this triangle. Feel free to comment with some potential upward catalysts you deem relevant for the upcoming price movement! PS: this is no investment / speculation / trading advice – just my 5 cents!
Long
by A_Cryptastic_Mind
1
Icon VS Bitcoin Hit The Bottom?Icon has already lost 60% to Bitcoin since it reached the all-time high at 9200 satoshis. The downtrend has been stopped at 161.8% Fibonacci retracement applied to the corrective wave down after the ascending channel breakout. Simultaneously the 327.2% Fibonacci channel trendline has also been rejected at the very same price - 3550 satoshis. This price level could now be the bottom of the correction down. Nevertheless, spikes lower are also possible while the price could reach 3k satoshis for the short time. But, if ICX/BTC will break above the 4.4k satoshis resistance it could be the confirmation that Icon has bottomed out and the price is ready to reverse to the upside.
Long
by CryptoPAMM
ICON Medium Term Potential Could Be 300% - 400%Currently, ICON is trading very close to the $3.3 support level, that is 127.2% Fibonacci retracement applied to the corrective wave after the breakout of the uptrend trendline. Although price went below that level previously, the weekly close remains above. Throughout this month ICX/USD has already rejected that level and could repeat it once again, potentially reversing the price to the north. The recent downtrend trendline shows that Icon failed to close above it, therefore daily break and close above the $4.2 should confirm the uptrend, that might result in a 300-400% growth in the medium term. Closest upside target is 127.2% at $15 area, while the next target is 161.8% Fibs at $20 area. On a downside, break and close below $3.3 support should send price lower, either towards $2.3 or $1.2 level, that would make a buying opportunity even better.
BINANCE:ICXUSDLong
by CryptoPAMM
ICXBTC Bullish - 113% ProfitHey Guys: BINANCE:ICXBTC is our next coin of discussion. Looking at the 1D chart on the left, it appears that we may have reached the bottom of this correction. Entry Point: No surprise here, we're gonna want to get in between the 0.236 and 0.382 Fibonacci levels of our 1D chart. Should we fail to break the resistance around 0.0005839, I'll be looking to enter my position around 0.0003801. Should this happen, I will use the strength of the fall in order to help me gauge whether or not I think that it will fall below that support. Target Points: (1) 0.0007101 (2) 0.0008121 (3) 0.0009141 (4) 0.0010593 (5) 0.0012443 Stop-Loss: Look to set a stop-loss below the Fibonacci level that you entered the trade at. I will post an example once a position is entered. Indicators: 1 Day Fibonacci The Trend-Based Fib Extension is used to gauge potential support/resistance levels after we've gone through a correction of the previous trend. This is where the price points are taken from. Moving Averages Our 50-MA (blue) has just formed; showing an uptrend. Since this is a lagging MA, we should expect it to dip as did the price between 30 January and 5 February. Although our 20-period EMA (orange) is currently below the blue line, we should expect it to move upwards, since it's lagging, as the blue line falls (as stated above). Sniper T3-CCI We will wait for two or three candles to close above the line. This event will confirm the bullish trend . Volume Since bottoming out on 5 February, and even the few days prior, there has been a steady climb in volume which is great for supporting the movement of the price. The black arrow is to just show a projected and ideal path. Candlesticks I've drawn the green curve, which I mention in the Moving Averages section above, shows the rounding out of a bottom. This often indicates that the end of the current trend is nearing it's end. Along with this potential bottom, we have a series of hammers and spinning tops. These indicate indecision between buyers/sellers; and often a reversal of the current trend. 4 Hour Fibonacci Using the Fib Retracement tool, we can see that there we have support/resistance at 0.000507. Moving Averages Our orange line looks as though it is about cross above the blue line. However, our T3-CCI , along with the spinning top candle below the red arrow, indicate otherwise. Sniper T3-CCI It looks as though we may be at the top of the current rise we've experienced over the past 12 hours or so. We shouldn't be surprised to see this fall, with relation to the price. Candlesticks If you look at the red lines I drew, they indicate show the slope of the dips we've experienced. If you compare them, you'll notice that the slope has started to flatten out; indicating a reversal of the overall trend. The spinning top candle underneath the red arrow warns us of the severe indecision between those 4hours. This often indicates a reversal of the current trend. As with our Sniper T3-CCI statement, we shouldn't be surprised to see this fall, with relation to the price. Summary Again, a lot of information but I think it's necessary to take these kind of steps when considering the trajectory of a coin. That being said, I don't have a crystal ball telling me what is about to happen. This is just my thought process and we'll see what happens next. Good Luck! -Matt
Long
by TroutHouse
1
$ICX #ICON my trade for today. close to the bottomI found my trade to make. ICON I still have a lot of ICON since I bought beginning of December, took profits at all my targets then started to accumulate back again on the way down, since this is a project with a real product, mainnet is launched, and similar to Ethereum and NEO, ICOs are lining up. Long term potential. Now, the day chart shows RSI is almost oversold, not yet below 30. the 618 fib line was hit twice. I still see a possibility that it take the 786 as well, I have other buy orders there to buy more. I just bought today, since in the 1hour chart I see a reversal. It's part of my new trade, so not all my trading money are now in. I will partially buy more when it confirms going uptrend, or if will go down to find a lower bottom. I believe however we're close to the bottom, so if you buy, you then need to be patient for the uptrend to start. Enjoy!
Long
by TheBigNova