ICON PROJECT - ICX/USD - 1H - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.156922 USD
My targets
0.162500 USD (+2.65%)
0.169200 USD (+6.89%)
My analysis
The bullish trend is currently very strong on ICON PROJECT - ICX/USD. As long as the price remains above the support at 0.156922 USD, you could try to benefit from the boom. The first bullish objective is located at 0.162500 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.169200 USD as an objective. Crossing it would then enable buyers to target 0.174900 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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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/USD price is 0.158300 USD. The price has increased by +4.83% since the last closing with the lowest point at 0.147900 USD and the highest point at 0.159200 USD. The deviation from the price is +7.03% for the low point and -0.57% for the high point.0.147900
0.159200
0.158300
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
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ICON PROJECT - ICX/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.140200 | 0.148644 | 0.156922 | 0.158300 | 0.169200 | 0.174900 | 0.199775 |
| Change (%) | -11.43% | -6.10% | -0.87% | - | +6.89% | +10.49% | +26.20% |
| Change | -0.018100 | -0.009656 | -0.001378 | - | +0.010900 | +0.016600 | +0.041475 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 0.066733 | 0.090867 | 0.120933 | 0.145067 | 0.175133 | 0.199267 | 0.229333 |
| Camarilla | 0.136095 | 0.141063 | 0.146032 | 0.151000 | 0.155968 | 0.160937 | 0.165905 |
| Woodie | 0.069700 | 0.092350 | 0.123900 | 0.146550 | 0.178100 | 0.200750 | 0.232300 |
| Fibonacci | 0.090867 | 0.111571 | 0.124362 | 0.145067 | 0.165771 | 0.178562 | 0.199267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.067067 | 0.092933 | 0.123167 | 0.149033 | 0.179267 | 0.205133 | 0.235367 |
| Camarilla | 0.137973 | 0.143115 | 0.148258 | 0.153400 | 0.158543 | 0.163685 | 0.168828 |
| Woodie | 0.069250 | 0.094025 | 0.125350 | 0.150125 | 0.181450 | 0.206225 | 0.237550 |
| Fibonacci | 0.092933 | 0.114364 | 0.127603 | 0.149033 | 0.170464 | 0.183703 | 0.205133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.069500 | 0.088500 | 0.100500 | 0.119500 | 0.131500 | 0.150500 | 0.162500 |
| Camarilla | 0.103975 | 0.106817 | 0.109658 | 0.112500 | 0.115342 | 0.118183 | 0.121025 |
| Woodie | 0.066000 | 0.086750 | 0.097000 | 0.117750 | 0.128000 | 0.148750 | 0.159000 |
| Fibonacci | 0.088500 | 0.100342 | 0.107658 | 0.119500 | 0.131342 | 0.138658 | 0.150500 |
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): | 71.13 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 3.724584 | |
| AROON (14): | 21.428569 | |
| DEMA (21): | 0.157241 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.136492 | |
| Elder Ray (13): | 0.002216 | |
| Super Trend (3,10): | 0.150024 | |
| Zig ZAG (10): | 0.158200 | |
| VORTEX (21): | 1.1293 | |
| Stochastique (14,3,5): | 84.31 | |
| TEMA (21): | 0.158424 | |
| Williams %R (14): | -7.14 | |
| Chande Momentum Oscillator (20): | 0.004200 | |
| Repulse (5,40,3): | 0.8836 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2216 | |
| Courbe Coppock: | 6.96 |
| MA7: | 0.149714 | |
| MA20: | 0.129325 | |
| MA50: | 0.124958 | |
| MA100: | 0.139853 | |
| MAexp7: | 0.156742 | |
| MAexp20: | 0.154186 | |
| MAexp50: | 0.151281 | |
| MAexp100: | 0.148973 | |
| Price / MA7: | +5.73% | |
| Price / MA20: | +22.40% | |
| Price / MA50: | +26.68% | |
| Price / MA100: | +13.19% | |
| Price / MAexp7: | +0.99% | |
| Price / MAexp20: | +2.67% | |
| Price / MAexp50: | +4.64% | |
| Price / MAexp100: | +6.26% |
This member declared not having a position on this financial instrument or a related financial instrument.
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