ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 06/22/2020 (GMT)
- Who voted?
- 212
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.320700 USDT
My targets
0.331789 USDT (+2.37%)
0.342267 USDT (+5.61%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ICON PROJECT - ICX/USDT as long as the price remains well above 0.320700 USDT. The buyers” bullish objective is set at 0.331789 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.342267 USDT. If there is any crossing, the next objective would be the resistance located at 0.352300 USDT.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 price is 0.324100 USDT. On the day, this instrument gained +2.21% and was traded between 0.316300 USDT and 0.325200 USDT over the period. The price is currently at +2.47% from its lowest and -0.34% from its highest.0.316300
0.325200
0.324100
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ICON PROJECT - ICX/USDT:
Technical
A technical analysis in 1H of this ICON PROJECT - ICX/USDT chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.292200 | 0.312500 | 0.320700 | 0.324100 | 0.331789 | 0.342267 | 0.352300 |
| Change (%) | -9.84% | -3.58% | -1.05% | - | +2.37% | +5.61% | +8.70% |
| Change | -0.031900 | -0.011600 | -0.003400 | - | +0.007689 | +0.018167 | +0.028200 |
| Level | Minor | Minor | Major | - | Major | Major | 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 | 0.308833 | 0.312767 | 0.314933 | 0.318867 | 0.321033 | 0.324967 | 0.327133 |
| Camarilla | 0.315423 | 0.315982 | 0.316541 | 0.317100 | 0.317659 | 0.318218 | 0.318778 |
| Woodie | 0.307950 | 0.312325 | 0.314050 | 0.318425 | 0.320150 | 0.324525 | 0.326250 |
| Fibonacci | 0.312767 | 0.315097 | 0.316537 | 0.318867 | 0.321197 | 0.322637 | 0.324967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.245133 | 0.268667 | 0.293833 | 0.317367 | 0.342533 | 0.366067 | 0.391233 |
| Camarilla | 0.305608 | 0.310072 | 0.314536 | 0.319000 | 0.323464 | 0.327928 | 0.332393 |
| Woodie | 0.245950 | 0.269075 | 0.294650 | 0.317775 | 0.343350 | 0.366475 | 0.392050 |
| Fibonacci | 0.268667 | 0.287270 | 0.298763 | 0.317367 | 0.335970 | 0.347463 | 0.366067 |
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): | 56.34 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -0.264094 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.321397 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.324133 | |
| Elder Ray (13): | 0.000709 | |
| Super Trend (3,10): | 0.316801 | |
| Zig ZAG (10): | 0.322500 | |
| VORTEX (21): | 1.0543 | |
| Stochastique (14,3,5): | 58.81 | |
| TEMA (21): | 0.322172 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.002900 | |
| Repulse (5,40,3): | 0.7058 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0235 | |
| Courbe Coppock: | 1.89 |
| MA7: | 0.320429 | |
| MA20: | 0.328555 | |
| MA50: | 0.312952 | |
| MA100: | 0.272569 | |
| MAexp7: | 0.321888 | |
| MAexp20: | 0.320750 | |
| MAexp50: | 0.320462 | |
| MAexp100: | 0.321211 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | +3.56% | |
| Price / MA100: | +18.91% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | +0.90% |
Quotes :
2020-06-22 16:41:42
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ICON PROJECT - ICX/USDT - 1H