Londinia Opportunities Analyses - 09/16/2021 (GMT) ICON PROJECT - ICX/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	ICXUSDT
ISIN:

Londinia

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Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 2.12 USDT

My targets

2.27 USDT (+5.09%)

2.30 USDT (+6.62%)

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 2.12 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 2.30 USDT. If there is any crossing, the next objective would be the resistance located at 2.73 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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Additional analysis

Quotes

The ICON PROJECT - ICX/USDT rating is 2.16 USDT. On the day, this instrument gained +0.00% with the lowest point at 2.01 USDT and the highest point at 2.21 USDT. The deviation from the price is +7.46% for the low point and -2.26% for the high point.

2.01

2.21

2.16

Here is a more detailed summary of the historical variations registered by ICON PROJECT - ICX/USDT:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ICON PROJECT - ICX/USDT in 1H shows a strongly overall bullish trend. 92.86% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.65	1.85	2.12	2.16	2.27	2.73	3.04
Change (%)	-23.61%	-14.35%	-1.85%	-	+5.09%	+26.39%	+40.74%
Change	-0.51	-0.31	-0.04	-	+0.11	+0.57	+0.88
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 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):	59.97
MACD (12,26,9):	0.0300
Directional Movement:	13.89
AROON (14):	-28.58
DEMA (21):	2.16
Parabolic SAR (0,02-0,02-0,2):	2.02
Elder Ray (13):	0.06
Super Trend (3,10):	2.03
Zig ZAG (10):	2.20
VORTEX (21):	1.1200
Stochastique (14,3,5):	76.09
TEMA (21):	2.13
Williams %R (14):	-35.35
Chande Momentum Oscillator (20):	-0.01
Repulse (5,40,3):	1.2400
ROCnROLL:	1
TRIX (15,9):	0.1800
Courbe Coppock:	2.37

MA7:	1.94
MA20:	1.65
MA50:	1.38
MA100:	1.12
MAexp7:	2.13
MAexp20:	2.12
MAexp50:	2.05
MAexp100:	1.95
Price / MA7:	+11.34%
Price / MA20:	+30.91%
Price / MA50:	+56.52%
Price / MA100:	+92.86%
Price / MAexp7:	+1.41%
Price / MAexp20:	+1.89%
Price / MAexp50:	+5.37%
Price / MAexp100:	+10.77%

Quotes : - Real time data - Cryptocompare