ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 08/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.636183 USDT
My targets
0.706600 USDT (+9.86%)
0.788700 USDT (+22.62%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ICON PROJECT - ICX/USDT. This is a positive signal for buyers. As long as the price remains above 0.636183 USDT, a purchase could be considered. The first bullish objective is located at 0.706600 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.788700 USDT as an objective. Crossing it would then enable buyers to target 1.910000 USDT. In the event of a return below 0.636183 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
6.8
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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/USDT price is 0.643200 USDT. The price has increased by +11.34% since the last closing with the lowest point at 0.560400 USDT and the highest point at 0.668900 USDT. The deviation from the price is +14.78% for the low point and -3.84% for the high point.0.560400
0.668900
0.643200
The Central Gaps scanner detects a bearish 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:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied 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 : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.548400 | 0.600685 | 0.636183 | 0.643200 | 0.706600 | 0.788700 | 1.910000 |
| Change (%) | -14.74% | -6.61% | -1.09% | - | +9.86% | +22.62% | +196.95% |
| Change | -0.094800 | -0.042515 | -0.007017 | - | +0.063400 | +0.145500 | +1.266800 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Minor |
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 | 0.447767 | 0.497633 | 0.537667 | 0.587533 | 0.627567 | 0.677433 | 0.717467 |
| Camarilla | 0.552978 | 0.561218 | 0.569459 | 0.577700 | 0.585941 | 0.594182 | 0.602423 |
| Woodie | 0.442850 | 0.495175 | 0.532750 | 0.585075 | 0.622650 | 0.674975 | 0.712550 |
| Fibonacci | 0.497633 | 0.531975 | 0.553192 | 0.587533 | 0.621875 | 0.643092 | 0.677433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.115500 | 0.278800 | 0.462100 | 0.625400 | 0.808700 | 0.972000 | 1.155300 |
| Camarilla | 0.550085 | 0.581857 | 0.613628 | 0.645400 | 0.677172 | 0.708943 | 0.740715 |
| Woodie | 0.125500 | 0.283800 | 0.472100 | 0.630400 | 0.818700 | 0.977000 | 1.165300 |
| Fibonacci | 0.278800 | 0.411201 | 0.492999 | 0.625400 | 0.757801 | 0.839599 | 0.972000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.148867 | 0.218433 | 0.296067 | 0.365633 | 0.443267 | 0.512833 | 0.590467 |
| Camarilla | 0.333220 | 0.346713 | 0.360207 | 0.373700 | 0.387193 | 0.400687 | 0.414180 |
| Woodie | 0.152900 | 0.220450 | 0.300100 | 0.367650 | 0.447300 | 0.514850 | 0.594500 |
| Fibonacci | 0.218433 | 0.274664 | 0.309403 | 0.365633 | 0.421864 | 0.456603 | 0.512833 |
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): | 63.23 | |
| MACD (12,26,9): | 0.0089 | |
| Directional Movement: | 13.991697 | |
| AROON (14): | 28.571427 | |
| DEMA (21): | 0.615079 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.579367 | |
| Elder Ray (13): | 0.028748 | |
| Super Trend (3,10): | 0.580252 | |
| Zig ZAG (10): | 0.643200 | |
| VORTEX (21): | 1.1872 | |
| Stochastique (14,3,5): | 77.24 | |
| TEMA (21): | 0.627759 | |
| Williams %R (14): | -25.88 | |
| Chande Momentum Oscillator (20): | 0.033200 | |
| Repulse (5,40,3): | 2.2878 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0611 | |
| Courbe Coppock: | 9.17 |
| MA7: | 0.598700 | |
| MA20: | 0.513080 | |
| MA50: | 0.440638 | |
| MA100: | 0.382541 | |
| MAexp7: | 0.622693 | |
| MAexp20: | 0.606814 | |
| MAexp50: | 0.605710 | |
| MAexp100: | 0.604412 | |
| Price / MA7: | +7.43% | |
| Price / MA20: | +25.36% | |
| Price / MA50: | +45.97% | |
| Price / MA100: | +68.14% | |
| Price / MAexp7: | +3.29% | |
| Price / MAexp20: | +6.00% | |
| Price / MAexp50: | +6.19% | |
| Price / MAexp100: | +6.42% |
Quotes :
2020-08-26 17:04:55
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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.
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