ICON PROJECT - ICX/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ICXUSD
ISIN:

ICON PROJECT - ICX/USD - 1H - Technical analysis published on 02/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 0.235780 USD

My targets

0.247337 USD (+1.58%)

0.266600 USD (+9.49%)

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/USD as long as the price remains well above 0.235780 USD. The buyers' bullish objective is set at 0.247337 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.266600 USD. If there is any crossing, the next objective would be the resistance located at 0.286008 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

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

Additional analysis

Quotes

The ICON PROJECT - ICX/USD price is 0.243500 USD. The price is lower by -0.16% since the last closing and was between 0.239400 USD and 0.247900 USD. This implies that the price is at +1.71% from its lowest and at -1.77% from its highest.

0.239400

0.247900

0.243500

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

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ICON PROJECT - ICX/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

Downside gap

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.231550	0.235780	0.242200	0.243500	0.247337	0.266600	0.286008
Change (%)	-4.91%	-3.17%	-0.53%	-	+1.58%	+9.49%	+17.46%
Change	-0.011950	-0.007720	-0.001300	-	+0.003837	+0.023100	+0.042508
Level	Major	Minor	Minor	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.221967	0.227233	0.235567	0.240833	0.249167	0.254433	0.262767
Camarilla	0.240160	0.241407	0.242653	0.243900	0.245147	0.246393	0.247640
Woodie	0.223500	0.228000	0.237100	0.241600	0.250700	0.255200	0.264300
Fibonacci	0.227233	0.232429	0.235638	0.240833	0.246029	0.249238	0.254433

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.193633	0.204567	0.224233	0.235167	0.254833	0.265767	0.285433
Camarilla	0.235485	0.238290	0.241095	0.243900	0.246705	0.249510	0.252315
Woodie	0.198000	0.206750	0.228600	0.237350	0.259200	0.267950	0.289800
Fibonacci	0.204567	0.216256	0.223478	0.235167	0.246856	0.254078	0.265767

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.056767	0.127933	0.172267	0.243433	0.287767	0.358933	0.403267
Camarilla	0.184838	0.195425	0.206013	0.216600	0.227188	0.237775	0.248363
Woodie	0.043350	0.121225	0.158850	0.236725	0.274350	0.352225	0.389850
Fibonacci	0.127933	0.172054	0.199312	0.243433	0.287554	0.314812	0.358933

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):	56.67
MACD (12,26,9):	0.0013
Directional Movement:	13.156532
AROON (14):	-7.142858
DEMA (21):	0.243630
Parabolic SAR (0,02-0,02-0,2):	0.246487
Elder Ray (13):	0.000892
Super Trend (3,10):	0.236018
Zig ZAG (10):	0.243400
VORTEX (21):	1.1568
Stochastique (14,3,5):	53.73
TEMA (21):	0.244068
Williams %R (14):	-50.59
Chande Momentum Oscillator (20):	-0.000300
Repulse (5,40,3):	0.3631
ROCnROLL:	1
TRIX (15,9):	0.0808
Courbe Coppock:	0.85

MA7:	0.235614
MA20:	0.224570
MA50:	0.232366
MA100:	0.246340
MAexp7:	0.243243
MAexp20:	0.241694
MAexp50:	0.239603
MAexp100:	0.236510
Price / MA7:	+3.35%
Price / MA20:	+8.43%
Price / MA50:	+4.79%
Price / MA100:	-1.15%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.75%
Price / MAexp50:	+1.63%
Price / MAexp100:	+2.96%

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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Londinia AI

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