ICON - ICX/USDT - 1H - Technical analysis published on 10/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 0.356120 USDT
My targets
0.333800 USDT (-1.94%)
0.314067 USDT (-7.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ICON PROJECT - ICX/USDT as long as the price remains well below 0.356120 USDT. The sellers” bearish objective is set at 0.333800 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.314067 USDT. In case of crossing, the next objective would be the support located at 0.299100 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term 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 0.340400 USDT. The price registered an increase of +0.30% on the session and was traded between 0.327600 USDT and 0.346200 USDT over the period. The price is currently at +3.91% from its lowest and -1.68% from its highest.0.327600
0.346200
0.340400
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.250600 | 0.299100 | 0.333800 | 0.340400 | 0.356120 | 0.362050 | 0.368329 |
| Change (%) | -26.38% | -12.13% | -1.94% | - | +4.62% | +6.36% | +8.20% |
| Change | -0.089800 | -0.041300 | -0.006600 | - | +0.015720 | +0.021650 | +0.027929 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.300200 | 0.317000 | 0.328200 | 0.345000 | 0.356200 | 0.373000 | 0.384200 |
| Camarilla | 0.331700 | 0.334267 | 0.336833 | 0.339400 | 0.341967 | 0.344533 | 0.347100 |
| Woodie | 0.297400 | 0.315600 | 0.325400 | 0.343600 | 0.353400 | 0.371600 | 0.381400 |
| Fibonacci | 0.317000 | 0.327696 | 0.334304 | 0.345000 | 0.355696 | 0.362304 | 0.373000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.314067 | 0.335133 | 0.353867 | 0.374933 | 0.393667 | 0.414733 | 0.433467 |
| Camarilla | 0.361655 | 0.365303 | 0.368952 | 0.372600 | 0.376248 | 0.379897 | 0.383545 |
| Woodie | 0.312900 | 0.334550 | 0.352700 | 0.374350 | 0.392500 | 0.414150 | 0.432300 |
| Fibonacci | 0.335133 | 0.350337 | 0.359730 | 0.374933 | 0.390137 | 0.399530 | 0.414733 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.301633 | 0.339567 | 0.352233 | 0.390167 | 0.402833 | 0.440767 | 0.453433 |
| Camarilla | 0.350985 | 0.355623 | 0.360262 | 0.364900 | 0.369538 | 0.374177 | 0.378815 |
| Woodie | 0.289000 | 0.333250 | 0.339600 | 0.383850 | 0.390200 | 0.434450 | 0.440800 |
| Fibonacci | 0.339567 | 0.358896 | 0.370838 | 0.390167 | 0.409496 | 0.421438 | 0.440767 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.66 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -21.179003 | |
| AROON (14): | -35.714287 | |
| DEMA (21): | 0.337463 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.341741 | |
| Elder Ray (13): | -0.000384 | |
| Super Trend (3,10): | 0.343665 | |
| Zig ZAG (10): | 0.339000 | |
| VORTEX (21): | 0.9832 | |
| Stochastique (14,3,5): | 61.65 | |
| TEMA (21): | 0.338252 | |
| Williams %R (14): | -39.25 | |
| Chande Momentum Oscillator (20): | -0.004300 | |
| Repulse (5,40,3): | 0.2972 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1015 | |
| Courbe Coppock: | 1.53 |
| MA7: | 0.361929 | |
| MA20: | 0.377705 | |
| MA50: | 0.409182 | |
| MA100: | 0.441926 | |
| MAexp7: | 0.339013 | |
| MAexp20: | 0.340881 | |
| MAexp50: | 0.346764 | |
| MAexp100: | 0.354742 | |
| Price / MA7: | -5.95% | |
| Price / MA20: | -9.88% | |
| Price / MA50: | -16.81% | |
| Price / MA100: | -22.97% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -1.84% | |
| Price / MAexp100: | -4.04% |
Quotes :
2020-10-29 16:31:23
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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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