ICON PROJECT - ICX/USDT - Daily - Technical analysis published on 08/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.359133 USDT
My targets
0.421429 USDT (+11.19%)
0.457626 USDT (+20.75%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.359133 USDT remains possible. It is advisable to trade ICON PROJECT - ICX/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.359133 USDT. The next bullish objective for buyers is set at 0.421429 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.457626 USDT. If there is any crossing, the next objective would be the resistance located at 0.508400 USDT. PS: if there is a bearish break in the support located at 0.359133 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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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 0.379000 USDT. On the day, this instrument lost -0.08% and was traded between 0.375400 USDT and 0.390700 USDT over the period. The price is currently at +0.96% from its lowest and -2.99% from its highest.0.375400
0.390700
0.379000
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
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 Daily chart of ICON PROJECT - ICX/USDT indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.253500 | 0.299100 | 0.359133 | 0.379000 | 0.421429 | 0.457626 | 0.508400 |
| Change (%) | -33.11% | -21.08% | -5.24% | - | +11.19% | +20.75% | +34.14% |
| Change | -0.125500 | -0.079900 | -0.019867 | - | +0.042429 | +0.078626 | +0.129400 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.364933 | 0.367967 | 0.373633 | 0.376667 | 0.382333 | 0.385367 | 0.391033 |
| Camarilla | 0.376908 | 0.377705 | 0.378503 | 0.379300 | 0.380098 | 0.380895 | 0.381693 |
| Woodie | 0.366250 | 0.368625 | 0.374950 | 0.377325 | 0.383650 | 0.386025 | 0.392350 |
| Fibonacci | 0.367967 | 0.371290 | 0.373343 | 0.376667 | 0.379990 | 0.382043 | 0.385367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.302033 | 0.325267 | 0.353233 | 0.376467 | 0.404433 | 0.427667 | 0.455633 |
| Camarilla | 0.367120 | 0.371813 | 0.376507 | 0.381200 | 0.385893 | 0.390587 | 0.395280 |
| Woodie | 0.304400 | 0.326450 | 0.355600 | 0.377650 | 0.406800 | 0.428850 | 0.458000 |
| Fibonacci | 0.325267 | 0.344825 | 0.356908 | 0.376467 | 0.396025 | 0.408108 | 0.427667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.148867 | 0.218433 | 0.296067 | 0.365633 | 0.443267 | 0.512833 | 0.590467 |
| Camarilla | 0.333220 | 0.346713 | 0.360207 | 0.373700 | 0.387193 | 0.400687 | 0.414180 |
| Woodie | 0.152900 | 0.220450 | 0.300100 | 0.367650 | 0.447300 | 0.514850 | 0.594500 |
| Fibonacci | 0.218433 | 0.274664 | 0.309403 | 0.365633 | 0.421864 | 0.456603 | 0.512833 |
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): | 48.98 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 1.009705 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.386930 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.398892 | |
| Elder Ray (13): | 0.001844 | |
| Super Trend (3,10): | 0.347015 | |
| Zig ZAG (10): | 0.376500 | |
| VORTEX (21): | 0.9556 | |
| Stochastique (14,3,5): | 35.02 | |
| TEMA (21): | 0.377731 | |
| Williams %R (14): | -65.35 | |
| Chande Momentum Oscillator (20): | -0.041500 | |
| Repulse (5,40,3): | -2.2040 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2751 | |
| Courbe Coppock: | 12.58 |
| MA7: | 0.376329 | |
| MA20: | 0.389105 | |
| MA50: | 0.358472 | |
| MA100: | 0.333009 | |
| MAexp7: | 0.378536 | |
| MAexp20: | 0.381340 | |
| MAexp50: | 0.364724 | |
| MAexp100: | 0.337363 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | -2.60% | |
| Price / MA50: | +5.73% | |
| Price / MA100: | +13.81% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | +3.91% | |
| Price / MAexp100: | +12.34% |
Quotes :
2020-08-04 15:12:08
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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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