ICON PROJECT - ICX/USDT - Daily - Technical analysis published on 08/19/2020 (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
56%
11%
33%
My opinion
Bullish above 0.457626 USDT
My targets
0.508400 USDT (+7.19%)
0.590467 USDT (+24.49%)
My analysis
The bullish trend is currently very strong on ICON PROJECT - ICX/USDT. As long as the price remains above the support at 0.457626 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.508400 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.590467 USDT as an objective. Crossing it would then enable buyers to target 1.910000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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
The ICON PROJECT - ICX/USDT price is 0.474300 USDT. On the day, this instrument lost -4.16% and was traded between 0.452200 USDT and 0.495000 USDT over the period. The price is currently at +4.89% from its lowest and -4.18% from its highest.0.452200
0.495000
0.474300
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 Daily of this ICON PROJECT - ICX/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.359133 | 0.421677 | 0.457626 | 0.474300 | 0.508400 | 1.910000 | 3.050000 |
| Change (%) | -24.28% | -11.09% | -3.52% | - | +7.19% | +302.70% | +543.05% |
| Change | -0.115167 | -0.052623 | -0.016674 | - | +0.034100 | +1.435700 | +2.575700 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Minor |
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 | 0.418300 | 0.445700 | 0.470300 | 0.497700 | 0.522300 | 0.549700 | 0.574300 |
| Camarilla | 0.480600 | 0.485367 | 0.490133 | 0.494900 | 0.499667 | 0.504433 | 0.509200 |
| Woodie | 0.416900 | 0.445000 | 0.468900 | 0.497000 | 0.520900 | 0.549000 | 0.572900 |
| Fibonacci | 0.445700 | 0.465564 | 0.477836 | 0.497700 | 0.517564 | 0.529836 | 0.549700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.249800 | 0.321300 | 0.415900 | 0.487400 | 0.582000 | 0.653500 | 0.748100 |
| Camarilla | 0.464823 | 0.480048 | 0.495274 | 0.510500 | 0.525726 | 0.540952 | 0.556178 |
| Woodie | 0.261350 | 0.327075 | 0.427450 | 0.493175 | 0.593550 | 0.659275 | 0.759650 |
| Fibonacci | 0.321300 | 0.384750 | 0.423950 | 0.487400 | 0.550850 | 0.590050 | 0.653500 |
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): | 58.58 | |
| MACD (12,26,9): | 0.0338 | |
| Directional Movement: | 10.597434 | |
| AROON (14): | 64.285712 | |
| DEMA (21): | 0.497276 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.560200 | |
| Elder Ray (13): | -0.001084 | |
| Super Trend (3,10): | 0.406883 | |
| Zig ZAG (10): | 0.486300 | |
| VORTEX (21): | 1.1042 | |
| Stochastique (14,3,5): | 66.15 | |
| TEMA (21): | 0.514383 | |
| Williams %R (14): | -39.24 | |
| Chande Momentum Oscillator (20): | 0.106700 | |
| Repulse (5,40,3): | 0.8179 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9757 | |
| Courbe Coppock: | 60.82 |
| MA7: | 0.510000 | |
| MA20: | 0.439315 | |
| MA50: | 0.403050 | |
| MA100: | 0.359649 | |
| MAexp7: | 0.492608 | |
| MAexp20: | 0.456046 | |
| MAexp50: | 0.411092 | |
| MAexp100: | 0.369964 | |
| Price / MA7: | -7.00% | |
| Price / MA20: | +7.96% | |
| Price / MA50: | +17.68% | |
| Price / MA100: | +31.88% | |
| Price / MAexp7: | -3.72% | |
| Price / MAexp20: | +4.00% | |
| Price / MAexp50: | +15.38% | |
| Price / MAexp100: | +28.20% |
Quotes :
2020-08-19 16:07:41
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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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