Hi dear friends, hope you are well and welcome to the new trade setup of ICON (ICX) coin with US Dollar pair
Previously I shared a long-term trade setup for ICX, which is still in play as below:
Now on a 4-hr time frame, ICX has formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to...
With the price of ICON having just been rejected by a long downward trend line and bouncing off historical levels of support/resitance; and a strong Sell signal from Crypto Tipster v2, we're thinking now is the time to Short ICXUSD!
There may be a little turbulence on the way down, but it's a long way down when you consider the next major support won't be until...
ICX is about to breakout out of a 3 year down trend in the usd pair. A break above .618/.7 resistance zone around $2.80 would be confirmation. If ICX breaks this zone I would expect all time highs to be reached pretty quickly. Look at LRC/USD for comparison.
In a world of competing chains, the only way we see rapid growth with ICX and break this current trajectory (given the overall crypto macro landscape remains net bullish, and alt coins are in fashion), this would be the rough path to the previous ATH and new ATH with a rough fractal.
Sometimes you've just got to zoom out a bit and sit on your hands.
Folks,
Icon has had some pumps lately and we are trying to conquer with prior high but we see kind of rejection..
In my opinion we are about to have chances of forming a cup and handle.
Many will know it more often than not a BULLISH pattern.. With breakouts to the upside..
The support and resistance lines I draw are approximate areas. It can be a little...
Hello 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-...
Is ICX repeating previous pump?
Historical indications are no guarantee, but when comparing the setup at the moment it looks nice.
This kind of chart pattern is what could be in store for ICX in the short term. This is just an idea, do not see this as advice.
If you do want in here, be sure to set an SL right under the bottom line of the rising wedge.
Grtz
I had this triangle for some days but I was waiting to see if price kept going up. At the moment I think that in 3-4 days we might see some action from ICX assuming off course that BTC doesn't dump. For a move upward we need this daily candle to close over current VLPR's control line, once we breakout I expect ICX to go 2x (although this won't happen in few days)....
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If the former resistance as support holds ICX Icons looks far higher.
Red lines broke idea fails. Take profits on the road.
DYOR and please let me know what you think (feedback)
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Currently at the top of the 3day ema ribbon, the top of the weekly ema ribbon, and right under the log growth curve. As you can see, ICX has used each of these indicators as support/resistance multiple times. ICX/USD looks like it's either about to rocket up or get sent back down to the gulags. Either way, big move coming, personally I'm bullish but cautious.
Folks,
Here is the view on the ICX/USDT chart..
We see a very nice uptrend that has been testing and rejecting higher prices at the top of the uptrend line.
This has happened multiple times.. It tests and rejects, price declines (around 10%) and gets up again..
What is the probability of that happening soon again?
We are at that point of testing again. When...
Major resistance and support levels:
On the weekly time frame chart, we have three major support and resistance levels. While moving towards the upside the price line faced strong resistance at $2.30 and after being rejected made another attempt and broke out this resistance. Then finally after finding very strong resistance at $3, the price action dropped down...
