ICON PROJECT - ICX/USDT - 1H - Technical analysis published on 10/18/2020 (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:
Slightly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.375343 USDT
My targets
0.394433 USDT (+2.56%)
0.404214 USDT (+5.10%)
My analysis
ICON PROJECT - ICX/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.375343 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.394433 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.404214 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.428900 USDT. Beware of a possible return to under the support located at 0.375343 USDT which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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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 rating is 0.384600 USDT. On the day, this instrument gained +0.63% with the lowest point at 0.379000 USDT and the highest point at 0.388600 USDT. The deviation from the price is +1.48% for the low point and -1.03% for the high point.0.379000
0.388600
0.384600
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.299100 | 0.362050 | 0.375343 | 0.384600 | 0.394433 | 0.404214 | 0.428900 |
| Change (%) | -22.23% | -5.86% | -2.41% | - | +2.56% | +5.10% | +11.52% |
| Change | -0.085500 | -0.022550 | -0.009257 | - | +0.009833 | +0.019614 | +0.044300 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 0.357267 | 0.363533 | 0.372867 | 0.379133 | 0.388467 | 0.394733 | 0.404067 |
| Camarilla | 0.377910 | 0.379340 | 0.380770 | 0.382200 | 0.383630 | 0.385060 | 0.386490 |
| Woodie | 0.358800 | 0.364300 | 0.374400 | 0.379900 | 0.390000 | 0.395500 | 0.405600 |
| Fibonacci | 0.363533 | 0.369493 | 0.373174 | 0.379133 | 0.385093 | 0.388774 | 0.394733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.290767 | 0.327733 | 0.354967 | 0.391933 | 0.419167 | 0.456133 | 0.483367 |
| Camarilla | 0.364545 | 0.370430 | 0.376315 | 0.382200 | 0.388085 | 0.393970 | 0.399855 |
| Woodie | 0.285900 | 0.325300 | 0.350100 | 0.389500 | 0.414300 | 0.453700 | 0.478500 |
| Fibonacci | 0.327733 | 0.352258 | 0.367409 | 0.391933 | 0.416458 | 0.431609 | 0.456133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.068033 | 0.218867 | 0.319633 | 0.470467 | 0.571233 | 0.722067 | 0.822833 |
| Camarilla | 0.351210 | 0.374273 | 0.397337 | 0.420400 | 0.443463 | 0.466527 | 0.489590 |
| Woodie | 0.043000 | 0.206350 | 0.294600 | 0.457950 | 0.546200 | 0.709550 | 0.797800 |
| Fibonacci | 0.218867 | 0.314978 | 0.374356 | 0.470467 | 0.566578 | 0.625956 | 0.722067 |
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): | 56.31 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 8.039144 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.384126 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.380910 | |
| Elder Ray (13): | 0.002201 | |
| Super Trend (3,10): | 0.377127 | |
| Zig ZAG (10): | 0.384100 | |
| VORTEX (21): | 1.0839 | |
| Stochastique (14,3,5): | 57.29 | |
| TEMA (21): | 0.384663 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.001600 | |
| Repulse (5,40,3): | -0.9310 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0494 | |
| Courbe Coppock: | 0.71 |
| MA7: | 0.391014 | |
| MA20: | 0.397780 | |
| MA50: | 0.437420 | |
| MA100: | 0.445855 | |
| MAexp7: | 0.383979 | |
| MAexp20: | 0.382390 | |
| MAexp50: | 0.381464 | |
| MAexp100: | 0.384187 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -3.31% | |
| Price / MA50: | -12.08% | |
| Price / MA100: | -13.74% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +0.11% |
Quotes :
2020-10-18 12:11:41
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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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