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 09/03/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

22%

39%

My opinion

Bullish above 0.457626 USDT

My targets

0.577700 USDT (+6.14%)

0.645400 USDT (+18.57%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ICON PROJECT - ICX/USDT. As long as you are above the support located at 0.457626 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.577700 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.645400 USDT as an objective. Crossing it would then enable buyers to target 1.910000 USDT. If the support 0.457626 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

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

The ICON PROJECT - ICX/USDT price is 0.544300 USDT. The price registered a decrease of -1.73% on the session with the lowest point at 0.533300 USDT and the highest point at 0.581600 USDT. The deviation from the price is +2.06% for the low point and -6.41% for the high point.

0.533300

0.581600

0.544300

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ICON PROJECT - ICX/USDT:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this ICON PROJECT - ICX/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.359133	0.421429	0.457626	0.544300	0.577700	0.645400	1.910000
Change (%)	-34.02%	-22.57%	-15.92%	-	+6.14%	+18.57%	+250.91%
Change	-0.185167	-0.122871	-0.086674	-	+0.033400	+0.101100	+1.365700
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	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	0.449567	0.488633	0.521267	0.560333	0.592967	0.632033	0.664667
Camarilla	0.534183	0.540755	0.547328	0.553900	0.560473	0.567045	0.573618
Woodie	0.446350	0.487025	0.518050	0.558725	0.589750	0.630425	0.661450
Fibonacci	0.488633	0.516023	0.532944	0.560333	0.587723	0.604644	0.632033

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.361433	0.454467	0.544433	0.637467	0.727433	0.820467	0.910433
Camarilla	0.584075	0.600850	0.617625	0.634400	0.651175	0.667950	0.684725
Woodie	0.359900	0.453700	0.542900	0.636700	0.725900	0.819700	0.908900
Fibonacci	0.454467	0.524373	0.567561	0.637467	0.707373	0.750561	0.820467

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.053700	0.153100	0.375100	0.581900	0.803900	1.010700	1.232700
Camarilla	0.479180	0.518487	0.557793	0.597100	0.636407	0.675713	0.715020
Woodie	-0.046100	0.156900	0.382700	0.585700	0.811500	1.014500	1.240300
Fibonacci	0.153100	0.316902	0.418098	0.581900	0.745702	0.846898	1.010700

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):	49.24
MACD (12,26,9):	0.0330
Directional Movement:	12.471999
AROON (14):	14.285714
DEMA (21):	0.611025
Parabolic SAR (0,02-0,02-0,2):	0.783480
Elder Ray (13):	-0.019785
Super Trend (3,10):	0.423077
Zig ZAG (10):	0.538200
VORTEX (21):	1.0572
Stochastique (14,3,5):	26.93
TEMA (21):	0.607819
Williams %R (14):	-92.15
Chande Momentum Oscillator (20):	-0.105900
Repulse (5,40,3):	-17.2379
ROCnROLL:	-1
TRIX (15,9):	1.3898
Courbe Coppock:	24.40

MA7:	0.593657
MA20:	0.572530
MA50:	0.471908
MA100:	0.404983
MAexp7:	0.578349
MAexp20:	0.561402
MAexp50:	0.493535
MAexp100:	0.428049
Price / MA7:	-8.31%
Price / MA20:	-4.93%
Price / MA50:	+15.34%
Price / MA100:	+34.40%
Price / MAexp7:	-5.89%
Price / MAexp20:	-3.05%
Price / MAexp50:	+10.29%
Price / MAexp100:	+27.16%

Quotes : 2020-09-03 09:03:36 - Real time data - Cryptocompare

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

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