ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 06/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
61%
28%
My opinion
Bullish above 0.320700 USDT
My targets
0.331762 USDT (+0.72%)
0.342267 USDT (+3.91%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ICON PROJECT - ICX/USDT. As long as you are above the support located at 0.320700 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.331762 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.342267 USDT as an objective. Crossing it would then enable buyers to target 0.352300 USDT. If the support 0.320700 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ICON PROJECT - ICX/USDT rating is 0.329400 USDT. On the day, this instrument gained +1.92% with the lowest point at 0.322800 USDT and the highest point at 0.340700 USDT. The deviation from the price is +2.04% for the low point and -3.32% for the high point.0.322800
0.340700
0.329400
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ICON PROJECT - ICX/USDT:
Technical
Technical analysis of ICON PROJECT - ICX/USDT in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.292200 | 0.312320 | 0.320700 | 0.329400 | 0.331762 | 0.342267 | 0.352300 |
| Change (%) | -11.29% | -5.19% | -2.64% | - | +0.72% | +3.91% | +6.95% |
| Change | -0.037200 | -0.017080 | -0.008700 | - | +0.002362 | +0.012867 | +0.022900 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.304333 | 0.308267 | 0.315733 | 0.319667 | 0.327133 | 0.331067 | 0.338533 |
| Camarilla | 0.320065 | 0.321110 | 0.322155 | 0.323200 | 0.324245 | 0.325290 | 0.326335 |
| Woodie | 0.306100 | 0.309150 | 0.317500 | 0.320550 | 0.328900 | 0.331950 | 0.340300 |
| Fibonacci | 0.308267 | 0.312622 | 0.315312 | 0.319667 | 0.324022 | 0.326712 | 0.331067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.268367 | 0.292833 | 0.315667 | 0.340133 | 0.362967 | 0.387433 | 0.410267 |
| Camarilla | 0.325493 | 0.329828 | 0.334164 | 0.338500 | 0.342836 | 0.347172 | 0.351508 |
| Woodie | 0.267550 | 0.292425 | 0.314850 | 0.339725 | 0.362150 | 0.387025 | 0.409450 |
| Fibonacci | 0.292833 | 0.310902 | 0.322065 | 0.340133 | 0.358202 | 0.369365 | 0.387433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.122767 | 0.178533 | 0.253467 | 0.309233 | 0.384167 | 0.439933 | 0.514867 |
| Camarilla | 0.292458 | 0.304438 | 0.316419 | 0.328400 | 0.340381 | 0.352362 | 0.364343 |
| Woodie | 0.132350 | 0.183325 | 0.263050 | 0.314025 | 0.393750 | 0.444725 | 0.524450 |
| Fibonacci | 0.178533 | 0.228461 | 0.259306 | 0.309233 | 0.359161 | 0.390006 | 0.439933 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.73 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 2.170960 | |
| AROON (14): | -57.142859 | |
| DEMA (21): | 0.333795 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.338528 | |
| Elder Ray (13): | -0.000776 | |
| Super Trend (3,10): | 0.328367 | |
| Zig ZAG (10): | 0.329500 | |
| VORTEX (21): | 1.1724 | |
| Stochastique (14,3,5): | 21.71 | |
| TEMA (21): | 0.333369 | |
| Williams %R (14): | -86.61 | |
| Chande Momentum Oscillator (20): | -0.007200 | |
| Repulse (5,40,3): | -0.6356 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1645 | |
| Courbe Coppock: | 1.30 |
| MA7: | 0.324557 | |
| MA20: | 0.333260 | |
| MA50: | 0.309966 | |
| MA100: | 0.268250 | |
| MAexp7: | 0.330853 | |
| MAexp20: | 0.330115 | |
| MAexp50: | 0.325643 | |
| MAexp100: | 0.324576 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | +6.27% | |
| Price / MA100: | +22.80% | |
| Price / MAexp7: | -0.44% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | +1.49% |
Quotes :
2020-06-18 16:12:57
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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