ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 02/24/2021 (GMT)
- 249
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.53 USDT
My targets
1.92 USDT (+14.29%)
1.97 USDT (+17.26%)
My analysis
The strong short-term increase in ICON PROJECT - ICX/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.53 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.92 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.97 USDT as an objective. Crossing it would then enable buyers to target 2.30 USDT. Caution, a return under 1.53 USDT could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.9
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 1.68 USDT. The price registered an increase of +15.07% on the session and was traded between 1.36 USDT and 1.69 USDT over the period. The price is currently at +23.53% from its lowest and -0.59% from its highest.1.36
1.69
1.68
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ICON PROJECT - ICX/USDT in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 0.95 | 1.22 | 1.53 | 1.68 | 1.97 | 2.30 | 2.44 |
| Change (%) | -43.45% | -27.38% | -8.93% | - | +17.26% | +36.90% | +45.24% |
| Change | -0.73 | -0.46 | -0.15 | - | +0.29 | +0.62 | +0.76 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 0.57 | 0.89 | 1.17 | 1.50 | 1.78 | 2.10 | 2.39 |
| Camarilla | 1.29 | 1.34 | 1.40 | 1.46 | 1.51 | 1.57 | 1.62 |
| Woodie | 0.55 | 0.88 | 1.15 | 1.49 | 1.76 | 2.09 | 2.37 |
| Fibonacci | 0.89 | 1.12 | 1.27 | 1.50 | 1.73 | 1.87 | 2.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.22 | 0.74 | 1.40 | 1.92 | 2.57 | 3.10 | 3.75 |
| Camarilla | 1.73 | 1.84 | 1.94 | 2.05 | 2.16 | 2.27 | 2.37 |
| Woodie | 0.29 | 0.78 | 1.46 | 1.95 | 2.64 | 3.13 | 3.82 |
| Fibonacci | 0.74 | 1.19 | 1.47 | 1.92 | 2.37 | 2.65 | 3.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.04 | 0.20 | 0.46 | 0.69 | 0.96 | 1.19 | 1.46 |
| Camarilla | 0.59 | 0.64 | 0.68 | 0.73 | 0.77 | 0.82 | 0.86 |
| Woodie | -0.02 | 0.20 | 0.48 | 0.70 | 0.98 | 1.20 | 1.47 |
| Fibonacci | 0.20 | 0.39 | 0.50 | 0.69 | 0.88 | 1.00 | 1.19 |
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): | 61.59 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 3.89 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.48 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 1.39 | |
| Zig ZAG (10): | 1.66 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 88.35 | |
| TEMA (21): | 1.58 | |
| Williams %R (14): | -1.20 | |
| Chande Momentum Oscillator (20): | 0.30 | |
| Repulse (5,40,3): | 12.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 25.85 |
| MA7: | 1.92 | |
| MA20: | 1.54 | |
| MA50: | 1.04 | |
| MA100: | 0.73 | |
| MAexp7: | 1.51 | |
| MAexp20: | 1.51 | |
| MAexp50: | 1.60 | |
| MAexp100: | 1.73 | |
| Price / MA7: | -12.50% | |
| Price / MA20: | +9.09% | |
| Price / MA50: | +61.54% | |
| Price / MA100: | +130.14% | |
| Price / MAexp7: | +11.26% | |
| Price / MAexp20: | +11.26% | |
| Price / MAexp50: | +5.00% | |
| Price / MAexp100: | -2.89% |
Quotes :
2021-02-24 08:40:26
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ICON PROJECT - ICX/USDT - 1H