ICON PROJECT - ICX/USDT - Daily - Technical analysis published on 12/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.404117 USDT
My targets
0.441100 USDT (+5.68%)
0.506267 USDT (+21.29%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ICON PROJECT - ICX/USDT. This is a positive signal for buyers. As long as the price remains above 0.404117 USDT, a purchase could be considered. The first bullish objective is located at 0.441100 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.506267 USDT as an objective. Crossing it would then enable buyers to target 0.548400 USDT. In the event of a return below 0.404117 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.3
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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 rating is 0.417400 USDT. On the day, this instrument gained +2.20% with the lowest point at 0.401900 USDT and the highest point at 0.427100 USDT. The deviation from the price is +3.86% for the low point and -2.27% for the high point.0.401900
0.427100
0.417400
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:
Technical
Technical analysis of ICON PROJECT - ICX/USDT in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
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 | 0.311740 | 0.370620 | 0.404117 | 0.417400 | 0.441100 | 0.506267 | 0.548400 |
Change (%) | -25.31% | -11.21% | -3.18% | - | +5.68% | +21.29% | +31.38% |
Change | -0.105660 | -0.046780 | -0.013283 | - | +0.023700 | +0.088867 | +0.131000 |
Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.377300 | 0.391800 | 0.400100 | 0.414600 | 0.422900 | 0.437400 | 0.445700 |
Camarilla | 0.402130 | 0.404220 | 0.406310 | 0.408400 | 0.410490 | 0.412580 | 0.414670 |
Woodie | 0.374200 | 0.390250 | 0.397000 | 0.413050 | 0.419800 | 0.435850 | 0.442600 |
Fibonacci | 0.391800 | 0.400510 | 0.405890 | 0.414600 | 0.423310 | 0.428690 | 0.437400 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.279767 | 0.318233 | 0.351067 | 0.389533 | 0.422367 | 0.460833 | 0.493667 |
Camarilla | 0.364293 | 0.370828 | 0.377364 | 0.383900 | 0.390436 | 0.396972 | 0.403508 |
Woodie | 0.276950 | 0.316825 | 0.348250 | 0.388125 | 0.419550 | 0.459425 | 0.490850 |
Fibonacci | 0.318233 | 0.345470 | 0.362297 | 0.389533 | 0.416770 | 0.433597 | 0.460833 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.062600 | 0.178000 | 0.309100 | 0.424500 | 0.555600 | 0.671000 | 0.802100 |
Camarilla | 0.372413 | 0.395008 | 0.417604 | 0.440200 | 0.462796 | 0.485392 | 0.507988 |
Woodie | 0.070450 | 0.181925 | 0.316950 | 0.428425 | 0.563450 | 0.674925 | 0.809950 |
Fibonacci | 0.178000 | 0.272163 | 0.330337 | 0.424500 | 0.518663 | 0.576837 | 0.671000 |
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): | 53.20 | |
MACD (12,26,9): | 0.0035 | |
Directional Movement: | 2.968109 | |
AROON (14): | -50.000000 | |
DEMA (21): | 0.407467 | |
Parabolic SAR (0,02-0,02-0,2): | 0.439330 | |
Elder Ray (13): | 0.011006 | |
Super Trend (3,10): | 0.466735 | |
Zig ZAG (10): | 0.413900 | |
VORTEX (21): | 1.0369 | |
Stochastique (14,3,5): | 71.51 | |
TEMA (21): | 0.405383 | |
Williams %R (14): | -19.89 | |
Chande Momentum Oscillator (20): | 0.000800 | |
Repulse (5,40,3): | 1.1211 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1455 | |
Courbe Coppock: | 8.78 |
MA7: | 0.403114 | |
MA20: | 0.407025 | |
MA50: | 0.381288 | |
MA100: | 0.395938 | |
MAexp7: | 0.405894 | |
MAexp20: | 0.401887 | |
MAexp50: | 0.395613 | |
MAexp100: | 0.396616 | |
Price / MA7: | +3.54% | |
Price / MA20: | +2.55% | |
Price / MA50: | +9.47% | |
Price / MA100: | +5.42% | |
Price / MAexp7: | +2.83% | |
Price / MAexp20: | +3.86% | |
Price / MAexp50: | +5.51% | |
Price / MAexp100: | +5.24% |
Quotes :
2020-12-18 17:21:04
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Real time data
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Cryptocompare
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About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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