ICON PROJECT - ICX/USD - 1H - Technical analysis published on 01/27/2023 (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
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.212880 USD
My targets
0.222350 USD (+0.75%)
0.240400 USD (+8.93%)
My analysis
A bullish trend on ICON PROJECT - ICX/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.212880 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.222350 USD. Then the price could move towards 0.240400 USD. Then 0.284600 USD by extension. Be careful, a return below 0.212880 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.4
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ICON PROJECT - ICX/USD rating 0.220700 USD. The price registered a decrease of -0.14% on the session with the lowest point at 0.212200 USD and the highest point at 0.221500 USD. The deviation from the price is +4.01% for the low point and -0.36% for the high point.0.212200
0.221500
0.220700
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.173700 | 0.190219 | 0.212880 | 0.220700 | 0.222350 | 0.240400 | 0.284600 |
| Change (%) | -21.30% | -13.81% | -3.54% | - | +0.75% | +8.93% | +28.95% |
| Change | -0.047000 | -0.030481 | -0.007820 | - | +0.001650 | +0.019700 | +0.063900 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 0.203333 | 0.209267 | 0.215133 | 0.221067 | 0.226933 | 0.232867 | 0.238733 |
| Camarilla | 0.217755 | 0.218837 | 0.219918 | 0.221000 | 0.222082 | 0.223163 | 0.224245 |
| Woodie | 0.203300 | 0.209250 | 0.215100 | 0.221050 | 0.226900 | 0.232850 | 0.238700 |
| Fibonacci | 0.209267 | 0.213774 | 0.216559 | 0.221067 | 0.225574 | 0.228359 | 0.232867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.150267 | 0.163033 | 0.179467 | 0.192233 | 0.208667 | 0.221433 | 0.237867 |
| Camarilla | 0.187870 | 0.190547 | 0.193223 | 0.195900 | 0.198577 | 0.201253 | 0.203930 |
| Woodie | 0.152100 | 0.163950 | 0.181300 | 0.193150 | 0.210500 | 0.222350 | 0.239700 |
| Fibonacci | 0.163033 | 0.174188 | 0.181079 | 0.192233 | 0.203388 | 0.210279 | 0.221433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.055867 | 0.092033 | 0.116267 | 0.152433 | 0.176667 | 0.212833 | 0.237067 |
| Camarilla | 0.123890 | 0.129427 | 0.134963 | 0.140500 | 0.146037 | 0.151573 | 0.157110 |
| Woodie | 0.049900 | 0.089050 | 0.110300 | 0.149450 | 0.170700 | 0.209850 | 0.231100 |
| Fibonacci | 0.092033 | 0.115106 | 0.129361 | 0.152433 | 0.175506 | 0.189761 | 0.212833 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.58 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 1.010364 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.216882 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.222534 | |
| Elder Ray (13): | 0.002186 | |
| Super Trend (3,10): | 0.222633 | |
| Zig ZAG (10): | 0.219900 | |
| VORTEX (21): | 1.0239 | |
| Stochastique (14,3,5): | 74.51 | |
| TEMA (21): | 0.217376 | |
| Williams %R (14): | -12.94 | |
| Chande Momentum Oscillator (20): | 0.003200 | |
| Repulse (5,40,3): | 0.8547 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0629 | |
| Courbe Coppock: | 0.80 |
| MA7: | 0.211386 | |
| MA20: | 0.190015 | |
| MA50: | 0.168884 | |
| MA100: | 0.179665 | |
| MAexp7: | 0.217982 | |
| MAexp20: | 0.217753 | |
| MAexp50: | 0.219207 | |
| MAexp100: | 0.218420 | |
| Price / MA7: | +4.41% | |
| Price / MA20: | +16.15% | |
| Price / MA50: | +30.68% | |
| Price / MA100: | +22.84% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +1.04% |
Quotes :
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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.
About author
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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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