ICON - ICX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ICXUSDT
ISIN:

ICON - ICX/USDT - Daily - Technical analysis published on 12/18/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.404117 USDT

My targets

0.441100 USDT (+5.68%)

0.506267 USDT (+21.29%)

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 0.404117 USDT, a purchase could be considered. The first bullish objective is located at 0.441100 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.506267 USDT as an objective. Crossing it would then enable buyers to target 0.548400 USDT. In the event of a return below 0.404117 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

6.3

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

Additional analysis

Quotes

The ICON PROJECT - ICX/USDT rating is 0.417400 USDT. On the day, this instrument gained +2.20% with the lowest point at 0.401900 USDT and the highest point at 0.427100 USDT. The deviation from the price is +3.86% for the low point and -2.27% for the high point.

0.401900

0.427100

0.417400

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of ICON PROJECT - ICX/USDT in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 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 : Daily

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

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.311740	0.370620	0.404117	0.417400	0.441100	0.506267	0.548400
Change (%)	-25.31%	-11.21%	-3.18%	-	+5.68%	+21.29%	+31.38%
Change	-0.105660	-0.046780	-0.013283	-	+0.023700	+0.088867	+0.131000
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.377300	0.391800	0.400100	0.414600	0.422900	0.437400	0.445700
Camarilla	0.402130	0.404220	0.406310	0.408400	0.410490	0.412580	0.414670
Woodie	0.374200	0.390250	0.397000	0.413050	0.419800	0.435850	0.442600
Fibonacci	0.391800	0.400510	0.405890	0.414600	0.423310	0.428690	0.437400

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.279767	0.318233	0.351067	0.389533	0.422367	0.460833	0.493667
Camarilla	0.364293	0.370828	0.377364	0.383900	0.390436	0.396972	0.403508
Woodie	0.276950	0.316825	0.348250	0.388125	0.419550	0.459425	0.490850
Fibonacci	0.318233	0.345470	0.362297	0.389533	0.416770	0.433597	0.460833

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.062600	0.178000	0.309100	0.424500	0.555600	0.671000	0.802100
Camarilla	0.372413	0.395008	0.417604	0.440200	0.462796	0.485392	0.507988
Woodie	0.070450	0.181925	0.316950	0.428425	0.563450	0.674925	0.809950
Fibonacci	0.178000	0.272163	0.330337	0.424500	0.518663	0.576837	0.671000

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):	53.20
MACD (12,26,9):	0.0035
Directional Movement:	2.968109
AROON (14):	-50.000000
DEMA (21):	0.407467
Parabolic SAR (0,02-0,02-0,2):	0.439330
Elder Ray (13):	0.011006
Super Trend (3,10):	0.466735
Zig ZAG (10):	0.413900
VORTEX (21):	1.0369
Stochastique (14,3,5):	71.51
TEMA (21):	0.405383
Williams %R (14):	-19.89
Chande Momentum Oscillator (20):	0.000800
Repulse (5,40,3):	1.1211
ROCnROLL:	1
TRIX (15,9):	0.1455
Courbe Coppock:	8.78

MA7:	0.403114
MA20:	0.407025
MA50:	0.381288
MA100:	0.395938
MAexp7:	0.405894
MAexp20:	0.401887
MAexp50:	0.395613
MAexp100:	0.396616
Price / MA7:	+3.54%
Price / MA20:	+2.55%
Price / MA50:	+9.47%
Price / MA100:	+5.42%
Price / MAexp7:	+2.83%
Price / MAexp20:	+3.86%
Price / MAexp50:	+5.51%
Price / MAexp100:	+5.24%

Quotes : 2020-12-18 17:21:04 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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