ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 07/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.412250 USDT
My targets
0.395760 USDT (-1.77%)
0.388100 USDT (-3.67%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ICON PROJECT - ICX/USDT as long as the price remains well below 0.412250 USDT. The next bearish objective for sellers is set at 0.395760 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.388100 USDT. In case of crossing, the next objective would be the support located at 0.377600 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.395760 USDT. With this support, against the trend traders who want to buy ICON PROJECT - ICX/USDT on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.2
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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 0.402900 USDT. On the day, this instrument gained +0.83% with the lowest point at 0.398100 USDT and the highest point at 0.409500 USDT. The deviation from the price is +1.21% for the low point and -1.61% for the high point.0.398100
0.409500
0.402900
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:
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USDT indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.388100 | 0.395760 | 0.400900 | 0.402900 | 0.412250 | 0.421500 | 0.427480 |
| Change (%) | -3.67% | -1.77% | -0.50% | - | +2.32% | +4.62% | +6.10% |
| Change | -0.014800 | -0.007140 | -0.002000 | - | +0.009350 | +0.018600 | +0.024580 |
| Level | Minor | Major | Minor | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.356733 | 0.376267 | 0.387933 | 0.407467 | 0.419133 | 0.438667 | 0.450333 |
| Camarilla | 0.391020 | 0.393880 | 0.396740 | 0.399600 | 0.402460 | 0.405320 | 0.408180 |
| Woodie | 0.352800 | 0.374300 | 0.384000 | 0.405500 | 0.415200 | 0.436700 | 0.446400 |
| Fibonacci | 0.376267 | 0.388185 | 0.395548 | 0.407467 | 0.419385 | 0.426748 | 0.438667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.296067 | 0.333433 | 0.360467 | 0.397833 | 0.424867 | 0.462233 | 0.489267 |
| Camarilla | 0.369790 | 0.375693 | 0.381597 | 0.387500 | 0.393403 | 0.399307 | 0.405210 |
| Woodie | 0.290900 | 0.330850 | 0.355300 | 0.395250 | 0.419700 | 0.459650 | 0.484100 |
| Fibonacci | 0.333433 | 0.358034 | 0.373233 | 0.397833 | 0.422434 | 0.437633 | 0.462233 |
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): | 47.13 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -1.786854 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.402833 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.409049 | |
| Elder Ray (13): | 0.000462 | |
| Super Trend (3,10): | 0.411662 | |
| Zig ZAG (10): | 0.402900 | |
| VORTEX (21): | 0.9356 | |
| Stochastique (14,3,5): | 42.47 | |
| TEMA (21): | 0.401245 | |
| Williams %R (14): | -57.39 | |
| Chande Momentum Oscillator (20): | 0.003700 | |
| Repulse (5,40,3): | -0.3418 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0489 | |
| Courbe Coppock: | 0.50 |
| MA7: | 0.398286 | |
| MA20: | 0.378330 | |
| MA50: | 0.344482 | |
| MA100: | 0.312353 | |
| MAexp7: | 0.403091 | |
| MAexp20: | 0.404119 | |
| MAexp50: | 0.403450 | |
| MAexp100: | 0.400344 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +6.49% | |
| Price / MA50: | +16.96% | |
| Price / MA100: | +28.99% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | +0.64% |
Quotes :
2020-07-21 10:53:43
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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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