ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.338422 USDT
My targets
0.359133 USDT (+1.56%)
0.381600 USDT (+7.92%)
My analysis
The basic bullish trend is very strong on ICON PROJECT - ICX/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.338422 USDT. Crossing the first resistance at 0.359133 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.381600 USDT as an objective. Crossing it would then enable buyers to target 0.421500 USDT. Caution, a return to below 0.338422 USDT would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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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
ICON PROJECT - ICX/USDT rating 0.353600 USDT. On the day, this instrument gained +1.79% and was between 0.344800 USDT and 0.359500 USDT. This implies that the price is at +2.55% from its lowest and at -1.64% from its highest.0.344800
0.359500
0.353600
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ICON PROJECT - ICX/USDT in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.319200 | 0.332400 | 0.338422 | 0.353600 | 0.359133 | 0.421500 | 0.488553 |
| Change (%) | -9.73% | -6.00% | -4.29% | - | +1.56% | +19.20% | +38.17% |
| Change | -0.034400 | -0.021200 | -0.015178 | - | +0.005533 | +0.067900 | +0.134953 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.310567 | 0.320533 | 0.333967 | 0.343933 | 0.357367 | 0.367333 | 0.380767 |
| Camarilla | 0.340965 | 0.343110 | 0.345255 | 0.347400 | 0.349545 | 0.351690 | 0.353835 |
| Woodie | 0.312300 | 0.321400 | 0.335700 | 0.344800 | 0.359100 | 0.368200 | 0.382500 |
| Fibonacci | 0.320533 | 0.329472 | 0.334995 | 0.343933 | 0.352872 | 0.358395 | 0.367333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.231900 | 0.255400 | 0.295000 | 0.318500 | 0.358100 | 0.381600 | 0.421200 |
| Camarilla | 0.317248 | 0.323032 | 0.328816 | 0.334600 | 0.340384 | 0.346168 | 0.351953 |
| Woodie | 0.239950 | 0.259425 | 0.303050 | 0.322525 | 0.366150 | 0.385625 | 0.429250 |
| Fibonacci | 0.255400 | 0.279504 | 0.294396 | 0.318500 | 0.342604 | 0.357496 | 0.381600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.170133 | 0.223967 | 0.256933 | 0.310767 | 0.343733 | 0.397567 | 0.430533 |
| Camarilla | 0.266030 | 0.273987 | 0.281943 | 0.289900 | 0.297857 | 0.305813 | 0.313770 |
| Woodie | 0.159700 | 0.218750 | 0.246500 | 0.305550 | 0.333300 | 0.392350 | 0.420100 |
| Fibonacci | 0.223967 | 0.257124 | 0.277609 | 0.310767 | 0.343924 | 0.364409 | 0.397567 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.24 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 9.258272 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.354414 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.347871 | |
| Elder Ray (13): | -0.002062 | |
| Super Trend (3,10): | 0.341750 | |
| Zig ZAG (10): | 0.349500 | |
| VORTEX (21): | 1.0120 | |
| Stochastique (14,3,5): | 51.02 | |
| TEMA (21): | 0.353619 | |
| Williams %R (14): | -69.39 | |
| Chande Momentum Oscillator (20): | -0.000500 | |
| Repulse (5,40,3): | -1.2411 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1277 | |
| Courbe Coppock: | 2.75 |
| MA7: | 0.325143 | |
| MA20: | 0.315865 | |
| MA50: | 0.324372 | |
| MA100: | 0.289292 | |
| MAexp7: | 0.352329 | |
| MAexp20: | 0.350870 | |
| MAexp50: | 0.344796 | |
| MAexp100: | 0.335200 | |
| Price / MA7: | +8.75% | |
| Price / MA20: | +11.95% | |
| Price / MA50: | +9.01% | |
| Price / MA100: | +22.23% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +2.55% | |
| Price / MAexp100: | +5.49% |
Quotes :
2020-07-06 15:18:11
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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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