ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 09/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.481480 USDT
My targets
0.509486 USDT (+3.07%)
0.526300 USDT (+6.47%)
My analysis
The strong short-term increase for ICON PROJECT - ICX/USDT reinforces the current slightly bullish trend. As long as the price remains above 0.481480 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.509486 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.526300 USDT as an objective. Crossing it would then enable buyers to target 0.548400 USDT. A return to 0.481480 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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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 0.494300 USDT. On the day, this instrument gained +4.88% and was between 0.460700 USDT and 0.501200 USDT. This implies that the price is at +7.29% from its lowest and at -1.38% from its highest.0.460700
0.501200
0.494300
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
A technical analysis in 1H of this ICON PROJECT - ICX/USDT chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.457626 | 0.470900 | 0.481480 | 0.494300 | 0.509486 | 0.526300 | 0.548400 |
| Change (%) | -7.42% | -4.73% | -2.59% | - | +3.07% | +6.47% | +10.94% |
| Change | -0.036674 | -0.023400 | -0.012820 | - | +0.015186 | +0.032000 | +0.054100 |
| Level | Major | Minor | Minor | - | Major | 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 | 0.398233 | 0.428167 | 0.449733 | 0.479667 | 0.501233 | 0.531167 | 0.552733 |
| Camarilla | 0.457138 | 0.461858 | 0.466579 | 0.471300 | 0.476021 | 0.480742 | 0.485463 |
| Woodie | 0.394050 | 0.426075 | 0.445550 | 0.477575 | 0.497050 | 0.529075 | 0.548550 |
| Fibonacci | 0.428167 | 0.447840 | 0.459994 | 0.479667 | 0.499340 | 0.511494 | 0.531167 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.20 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 25.405553 | |
| AROON (14): | 71.428568 | |
| DEMA (21): | 0.479351 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.465372 | |
| Elder Ray (13): | 0.016217 | |
| Super Trend (3,10): | 0.474843 | |
| Zig ZAG (10): | 0.494200 | |
| VORTEX (21): | 1.1678 | |
| Stochastique (14,3,5): | 91.86 | |
| TEMA (21): | 0.476605 | |
| Williams %R (14): | -8.18 | |
| Chande Momentum Oscillator (20): | 0.007800 | |
| Repulse (5,40,3): | 1.6633 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0718 | |
| Courbe Coppock: | 3.07 |
| MA7: | 0.492129 | |
| MA20: | 0.486910 | |
| MA50: | 0.490836 | |
| MA100: | 0.422505 | |
| MAexp7: | 0.476477 | |
| MAexp20: | 0.477178 | |
| MAexp50: | 0.480076 | |
| MAexp100: | 0.483906 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +16.99% | |
| Price / MAexp7: | +3.74% | |
| Price / MAexp20: | +3.59% | |
| Price / MAexp50: | +2.96% | |
| Price / MAexp100: | +2.15% |
Quotes :
2020-09-18 12:35:00
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Real time data
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Cryptocompare
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