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ICON / Tether USD

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ICXUSDT trade ideas

ICXUSDT buy opportunityA compelling pattern emerges in ICX, revealing a robust double bottom formation as the price nears the neckline of the W pattern. Anticipating a breakthrough, we foresee a direct move towards our immediate target zone, potentially triggering a retest of the upper trendline region. Following this, a sharp retracement is expected to finalize wave leg 4, as depicted on the chart, before a subsequent rally towards the major double bottom target. Vigilance is advised on the specified buyback area, with prudent management of stop-loss orders positioned below key support levels. Your valuable feedback is welcomed as comments on this analysis.
Long
by weslad
ICX - Building for Breakout (SMA, Golden Ratio, Falling Wedge)ICX is providing a great opportunity for an entry. - 30 day SMA is nearing the golden ratio cross on the weekly timeframe. - Stoch RSI is in oversold territory under 20. - Overall Weekly Falling Wedge pattern, when broken should provide an explosive exit out of the channel A realistic approach has been taken with targeting the 0.618 on the fib retracement. Historically this level has provided a good target on alt-coins. Overall ICX is showing a great potential for a nice trading during this bull cycle and definitely one to keep an eye on over the coming weeks.
Long
by OrangeGate
ICX/USDT A successful break the pattern, will indicate a bullish💎 ICX has undeniably attracted significant attention in the market with the formation of a double-bottom pattern. 💎 There is potential for ICX to attempt a breakout above the resistance neckline of this pattern. A successful breakout could pave the way for significant upward movement towards our target strong resistance area. 💎 However, if ICX fails to break above the resistance, there is a possibility of rejection, leading the price back to the support area around 0.285 to gather new momentum. 💎 ICX must bounce from the support area to make another attempt at breaking above the resistance of the double bottom pattern. Failure to bounce, or worse, a breakdown below the support, could signal further downward movement for ICX.
by MyCryptoParadise
ICON (ICX) 1700% move to $3.80On the above 5-day chart price action has corrected 95%. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support confirms on past resistance (November 2019), look left. 3) The falling wedge allows us to forecast the cycle top as measured from the swing high to the swing low, 1700%. Is it possible price action corrects further? Sure. Is it probable? No. This is your call, we rise and we fall. Ww Type: Trade Risk: <=6% Entry: 21-29 cents if possible Return: 1700%
Long
by without_worries
3
ICXUSDT Momentum Shifts and 100% Upside PotentialAfter giving a respectful nod to the long-term downtrend trendline, ICXUSDT went ahead and broke free from the supply zone. The recent resistance at $0.33 is now playing the role of a supportive ally. What does all this mean? Well, it's looking like ICXUSDT is on an exponential bullish streak. And you know what that means? We're likely to see this uptrend continue its momentum. Now, let's talk upside targets. The ever-reliable 161.8% Fibonacci retracement level seems like a reasonable goal. And if we hit that mark, get ready for a jaw-dropping 100% price surge for ICON!
Long
by CryptoPAMM