ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 0.510800 USDT
My targets
0.457626 USDT (-4.82%)
0.444880 USDT (-7.47%)
My analysis
ICON PROJECT - ICX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.510800 USDT. The next support located at 0.457626 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.444880 USDT. Below this support, sellers could then target 0.414600 USDT.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
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 0.480800 USDT. The price registered a decrease of -5.80% on the session and was between 0.470900 USDT and 0.510300 USDT. This implies that the price is at +2.10% from its lowest and at -5.78% from its highest.0.470900
0.510300
0.480800
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of ICON PROJECT - ICX/USDT in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced 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.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.414600 | 0.444880 | 0.457626 | 0.480800 | 0.510800 | 0.548400 | 0.645400 |
| Change (%) | -13.77% | -7.47% | -4.82% | - | +6.24% | +14.06% | +34.23% |
| Change | -0.066200 | -0.035920 | -0.023174 | - | +0.030000 | +0.067600 | +0.164600 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Major |
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 | 0.453767 | 0.481333 | 0.495867 | 0.523433 | 0.537967 | 0.565533 | 0.580067 |
| Camarilla | 0.498823 | 0.502682 | 0.506541 | 0.510400 | 0.514259 | 0.518118 | 0.521978 |
| Woodie | 0.447250 | 0.478075 | 0.489350 | 0.520175 | 0.531450 | 0.562275 | 0.573550 |
| Fibonacci | 0.481333 | 0.497416 | 0.507351 | 0.523433 | 0.539516 | 0.549451 | 0.565533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.289700 | 0.339100 | 0.416200 | 0.465600 | 0.542700 | 0.592100 | 0.669200 |
| Camarilla | 0.458513 | 0.470108 | 0.481704 | 0.493300 | 0.504896 | 0.516492 | 0.528088 |
| Woodie | 0.303550 | 0.346025 | 0.430050 | 0.472525 | 0.556550 | 0.599025 | 0.683050 |
| Fibonacci | 0.339100 | 0.387423 | 0.417277 | 0.465600 | 0.513923 | 0.543777 | 0.592100 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.97 | |
| MACD (12,26,9): | -0.0096 | |
| Directional Movement: | -14.248354 | |
| AROON (14): | -78.571426 | |
| DEMA (21): | 0.478721 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.493826 | |
| Elder Ray (13): | -0.004384 | |
| Super Trend (3,10): | 0.502587 | |
| Zig ZAG (10): | 0.482000 | |
| VORTEX (21): | 0.8414 | |
| Stochastique (14,3,5): | 34.15 | |
| TEMA (21): | 0.472362 | |
| Williams %R (14): | -50.70 | |
| Chande Momentum Oscillator (20): | -0.000400 | |
| Repulse (5,40,3): | 0.3544 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2953 | |
| Courbe Coppock: | 8.83 |
| MA7: | 0.483500 | |
| MA20: | 0.500795 | |
| MA50: | 0.486238 | |
| MA100: | 0.419375 | |
| MAexp7: | 0.481650 | |
| MAexp20: | 0.489563 | |
| MAexp50: | 0.499405 | |
| MAexp100: | 0.494156 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -3.99% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | +14.65% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -1.79% | |
| Price / MAexp50: | -3.73% | |
| Price / MAexp100: | -2.70% |
Quotes :
2020-09-16 15:46:13
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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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