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ICON - ICX/USDT
ICON - ICX/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ICXUSDT
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ICON - ICX/USDT - 15 min. - Technical analysis published on 02/19/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2.13 USDT
My targets
2.46 USDT (+7.72%)
2.66 USDT (+16.49%)
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 2.13 USDT. The buyers” bullish objective is set at 2.46 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.66 USDT. If there is any crossing, the next objective would be the resistance located at 2.98 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
7.7

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.

wixesnoss
This analysis was given by wixesnoss. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The ICON PROJECT - ICX/USDT price is 2.28 USDT. The price has increased by +0.89% since the last closing and was traded between 2.10 USDT and 2.43 USDT over the period. The price is currently at +8.57% from its lowest and -6.17% from its highest.

2.10
2.43
2.28

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 15 min. chart of ICON PROJECT - ICX/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Near resistance of triangle

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.46 1.69 1.98 2.28
Change (%) -35.96% -25.88% -13.16% -
Change -0.82 -0.59 -0.30 -
Level Minor Intermediate Intermediate -



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
Standard1.411.611.932.132.462.662.98
Camarilla2.112.162.212.262.302.352.40
Woodie1.471.641.992.162.522.693.04
Fibonacci1.611.811.932.132.332.462.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.090.350.991.422.062.493.13
Camarilla1.331.431.531.631.721.821.92
Woodie0.020.401.091.472.162.543.23
Fibonacci0.350.761.011.421.832.082.49


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.040.200.460.690.961.191.46
Camarilla0.590.640.680.730.770.820.86
Woodie-0.020.200.480.700.981.201.47
Fibonacci0.200.390.500.690.881.001.19

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): 58.13
MACD (12,26,9): 0.0200
Directional Movement: 7.01
AROON (14): -35.72
DEMA (21): 2.24
Parabolic SAR (0,02-0,02-0,2): 2.27
Elder Ray (13): 0.03
Super Trend (3,10): 2.33
Zig ZAG (10): 2.27
VORTEX (21): 0.9800
Stochastique (14,3,5): 75.33
TEMA (21): 2.22
Williams %R (14): -6.14
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 1.3400
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 0.69
MA7: 1.87
MA20: 1.28
MA50: 0.91
MA100: 0.66
MAexp7: 2.24
MAexp20: 2.21
MAexp50: 2.15
MAexp100: 2.07
Price / MA7: +21.93%
Price / MA20: +78.13%
Price / MA50: +150.55%
Price / MA100: +245.45%
Price / MAexp7: +1.79%
Price / MAexp20: +3.17%
Price / MAexp50: +6.05%
Price / MAexp100: +10.14%

Quotes : 2021-02-19 08:54:01 - Real time data - Cryptocompare

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

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