ICON PROJECT - ICX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ICXUSDT
ISIN:

ICON PROJECT - ICX/USDT - Weekly - Technical analysis published on 09/16/2021 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.65 USDT

My targets

2.27 USDT (+6.57%)

2.73 USDT (+28.17%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ICON PROJECT - ICX/USDT as long as the price remains well above 1.65 USDT. The buyers' bullish objective is set at 2.27 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.73 USDT. If there is any crossing, the next objective would be the resistance located at 3.04 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

8.2

Comment on the analysis

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 Abu_norah. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ICON PROJECT - ICX/USDT price is 2.13 USDT. Over 5 days, this instrument gained +19.53% and has been traded over the last 5 days between 1.54 USDT and 2.07 USDT. This implies that the 5 day price is +38.49% from its lowest point and +3.00% from its highest point.

1.54

2.07

2.13

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this ICON PROJECT - ICX/USDT chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.30	0.68	1.65	2.13	2.27	2.73	3.04
Change (%)	-85.92%	-68.08%	-22.54%	-	+6.57%	+28.17%	+42.72%
Change	-1.83	-1.45	-0.48	-	+0.14	+0.60	+0.91
Level	Minor	Major	Intermediate	-	Major	Intermediate	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	1.76	1.86	2.01	2.11	2.26	2.36	2.51
Camarilla	2.09	2.11	2.14	2.16	2.18	2.21	2.23
Woodie	1.79	1.87	2.04	2.12	2.29	2.37	2.54
Fibonacci	1.86	1.96	2.02	2.11	2.21	2.27	2.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.13	0.66	1.20	1.73	2.27	2.80	3.34
Camarilla	1.44	1.53	1.63	1.73	1.83	1.93	2.02
Woodie	0.13	0.66	1.20	1.73	2.27	2.80	3.34
Fibonacci	0.66	1.07	1.33	1.73	2.14	2.40	2.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.32	0.64	0.98	1.30	1.64	1.96	2.30
Camarilla	1.15	1.21	1.27	1.33	1.39	1.45	1.51
Woodie	0.34	0.65	1.00	1.31	1.66	1.97	2.32
Fibonacci	0.64	0.89	1.05	1.30	1.55	1.71	1.96

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):	63.94
MACD (12,26,9):	0.0900
Directional Movement:	14.99
AROON (14):	78.57
DEMA (21):	1.49
Parabolic SAR (0,02-0,02-0,2):	0.79
Elder Ray (13):	0.44
Super Trend (3,10):	2.15
Zig ZAG (10):	2.07
VORTEX (21):	1.0000
Stochastique (14,3,5):	83.94
TEMA (21):	1.48
Williams %R (14):	-12.66
Chande Momentum Oscillator (20):	1.34
Repulse (5,40,3):	43.1200
ROCnROLL:	1
TRIX (15,9):	-0.1600
Courbe Coppock:	92.17

MA7:	1.92
MA20:	1.64
MA50:	1.38
MA100:	1.12
MAexp7:	1.58
MAexp20:	1.39
MAexp50:	1.19
MAexp100:	0.97
Price / MA7:	+10.94%
Price / MA20:	+29.88%
Price / MA50:	+54.35%
Price / MA100:	+90.18%
Price / MAexp7:	+34.81%
Price / MAexp20:	+53.24%
Price / MAexp50:	+78.99%
Price / MAexp100:	+119.59%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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