ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 07/09/2019 (GMT)
- Who voted?
- 199
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Slightly bullish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.342800 USDT
My targets
0.327800 USDT (-1.24%)
0.320660 USDT (-3.39%)
My analysis
The strong short-term decline in ICON Project - ICX/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.342800 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.327800 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.320660 USDT as an objective. Crossing it would then enable sellers to target 0.307490 USDT. Be careful, a return to above 0.342800 USDT could jeopardize the reversal.
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 0.331900 USDT. The price registered a decrease of -0.27% on the session with the lowest point at 0.322900 USDT and the highest point at 0.337800 USDT. The deviation from the price is +2.79% for the low point and -1.75% for the high point.0.322900
0.337800
0.331900
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ICON Project - ICX/USDT:
Technical
A technical analysis in 1H of this ICON Project - ICX/USDT chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.307490 | 0.320660 | 0.327800 | 0.331900 | 0.342800 | 0.353367 | 0.371600 |
| Change (%) | -7.35% | -3.39% | -1.24% | - | +3.28% | +6.47% | +11.96% |
| Change | -0.024410 | -0.011240 | -0.004100 | - | +0.010900 | +0.021467 | +0.039700 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
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 | 0.259200 | 0.294400 | 0.313600 | 0.348800 | 0.368000 | 0.403200 | 0.422400 |
| Camarilla | 0.317840 | 0.322827 | 0.327813 | 0.332800 | 0.337787 | 0.342773 | 0.347760 |
| Woodie | 0.251200 | 0.290400 | 0.305600 | 0.344800 | 0.360000 | 0.399200 | 0.414400 |
| Fibonacci | 0.294400 | 0.315181 | 0.328019 | 0.348800 | 0.369581 | 0.382419 | 0.403200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.247333 | 0.268867 | 0.291033 | 0.312567 | 0.334733 | 0.356267 | 0.378433 |
| Camarilla | 0.301183 | 0.305188 | 0.309194 | 0.313200 | 0.317206 | 0.321212 | 0.325217 |
| Woodie | 0.247650 | 0.269025 | 0.291350 | 0.312725 | 0.335050 | 0.356425 | 0.378750 |
| Fibonacci | 0.268867 | 0.285560 | 0.295873 | 0.312567 | 0.329260 | 0.339573 | 0.356267 |
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): | 46.24 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -1.787849 | |
| AROON (14): | -64.285717 | |
| DEMA (21): | 0.332633 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.323150 | |
| Elder Ray (13): | -0.001517 | |
| Super Trend (3,10): | 0.350852 | |
| Zig ZAG (10): | 0.334200 | |
| VORTEX (21): | 0.8486 | |
| Stochastique (14,3,5): | 36.62 | |
| TEMA (21): | 0.326740 | |
| Williams %R (14): | -61.27 | |
| Chande Momentum Oscillator (20): | -0.013500 | |
| Repulse (5,40,3): | 0.7302 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1368 | |
| Courbe Coppock: | 9.60 |
| MA7: | 0.321229 | |
| MA20: | 0.325625 | |
| MA50: | 0.358290 | |
| MA100: | 0.362014 | |
| MAexp7: | 0.332015 | |
| MAexp20: | 0.336852 | |
| MAexp50: | 0.336270 | |
| MAexp100: | 0.328978 | |
| Price / MA7: | +3.32% | |
| Price / MA20: | +1.93% | |
| Price / MA50: | -7.37% | |
| Price / MA100: | -8.32% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -1.30% | |
| Price / MAexp100: | +0.89% |
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