ICXBTC trade ideas
IcOn - Ethereum's alternative - bottom 0.0000880First of all - Technical analysis of any sort is based on historical price action. Any future price action prediction is a theoretical view of an author in regards to speculated price movement.
Trader/analyst/investor by using chosen set of tools hopes to gain profit from those trading pairs which seems to follow rigoristic criteria.
Icon/Bitcoin is now one of those pairs from my point of view.
Major focus :
1. Theory: my ideas always fail.
2. A trend is your friend.
3. Importance of Rsi (Relative Strength Index).
4. Patterns / Formations.
Analysis :
It is obvious that we are certainly not in a bull market. As an author of this analysis, I am assuming we found a bottom in the ICX/BTC pair. RSI indicates signs of bullish divergence (12'th of September vs 12'th of November) - volume is dropping, bears are slowly losing steam. We can clearly see falling wedge (white) and bullish broadening wedge (blue) - both indicate a possible change of price movement to the upside. Targets are divided into 2 categories (green and yellow) - green is most likely to happen in a relatively short period of time (up to 90 days) yellow is a longer term investment. If bottom at 0.0000880 is broken and candle closes below, we can expect the price to drop down to previous low (around 0.0000770) - I would advise here tight Stop-Loss at 0.0000840 level.
This analysis will be regularly updated.
ICX Wyckoff Ready to move or have we lost momentum?Welcome! I've been watch this wyckoff on ICX develop, but half way through where we should have seen a push to the upper trend then move back down the momentum dulled. This is perhaps due to bitcoin and the uncertainty in the market surrounding the change to a bullish market. If not, it shows a lack of interest in ICX and those who are accumulating it maybe in trouble if we make a move down through our lower trendline. I'll be on the sideline waiting for support, but if all goes well we'll be looking for a push to the zones indicated above our wyckoff distribution.
Thanks for reading, happy trading!
ICX BREAKOUT !!!At 12.00 am I just received an email from my Crypto Trader 1H
Looking like ICXBTC is bullish !
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ICXBTC ICX ICON ALL SET TO GIVE GOOD PROFIT IN SHORT TERM LIKE & SHARE THIS ANALYSIS PLZ
ICXBTC can be good buy on binance
full bottom out
playing above good support level of 861
rsi good
mfi good
macd good
stoch good
my cyclic indicator green
Targets 9600 & 11000
once you are in profit of around 5%+, better book 70% profit.
ICXBTC BUY OPPORTUNITYICON price trading in BUllish channel and presently we have potential BAT pattern. With price hitting bottom trendline this showcase good buy entry for the coin.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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Thanks
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Can ICX go above resistance line? ICX / BTCWe are looking forward to break the resistance line. If we succeed we will reach our target (6% profit).
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
ICON ready to take to the moonOkay well maybe not to the moon.
Technical: 90 day long accumulation pattern and at APEX of the triangle.
HIGH R:R
Resistance and Take profit zones on chart.
Not much to say here.
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I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.