ICON PROJECT - ICX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ICXUSDT
ISIN:

ICON PROJECT - ICX/USDT - Daily - Technical analysis published on 07/21/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.359133 USDT

My targets

0.421500 USDT (+4.62%)

0.466924 USDT (+15.89%)

My analysis

ICON PROJECT - ICX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.359133 USDT. The next resistance located at 0.421500 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.466924 USDT. After this resistance, buyers could then target 0.508400 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

Comment on the analysis

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

ICON PROJECT - ICX/USDT rating 0.402900 USDT. On the day, this instrument gained +0.83% and was between 0.398100 USDT and 0.409500 USDT. This implies that the price is at +1.21% from its lowest and at -1.61% from its highest.

0.398100

0.409500

0.402900

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 ICON PROJECT - ICX/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.167811	0.299100	0.359133	0.402900	0.421500	0.466924	0.508400
Change (%)	-58.35%	-25.76%	-10.86%	-	+4.62%	+15.89%	+26.19%
Change	-0.235089	-0.103800	-0.043767	-	+0.018600	+0.064024	+0.105500
Level	Minor	Minor	Major	-	Minor	Minor	Intermediate

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	0.356733	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.64
MACD (12,26,9):	0.0205
Directional Movement:	18.791300
AROON (14):	50.000000
DEMA (21):	0.406507
Parabolic SAR (0,02-0,02-0,2):	0.377600
Elder Ray (13):	0.012765
Super Trend (3,10):	0.341409
Zig ZAG (10):	0.402900
VORTEX (21):	1.2441
Stochastique (14,3,5):	70.51
TEMA (21):	0.415340
Williams %R (14):	-36.66
Chande Momentum Oscillator (20):	0.008300
Repulse (5,40,3):	1.3102
ROCnROLL:	1
TRIX (15,9):	0.8626
Courbe Coppock:	33.65

MA7:	0.398286
MA20:	0.378330
MA50:	0.344482
MA100:	0.312353
MAexp7:	0.399737
MAexp20:	0.380044
MAexp50:	0.350372
MAexp100:	0.322260
Price / MA7:	+1.16%
Price / MA20:	+6.49%
Price / MA50:	+16.96%
Price / MA100:	+28.99%
Price / MAexp7:	+0.79%
Price / MAexp20:	+6.01%
Price / MAexp50:	+14.99%
Price / MAexp100:	+25.02%

Quotes : 2020-07-21 10:53:43 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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