ICON - ICX/USDT - 1H - Technical analysis published on 04/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
50%
22%
28%
My opinion
Neutral between 0.840000 USDT and 0.900000 USDT
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.900000 USDT. The first support is located at 0.840000 USDT. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by ICON PROJECT - ICX/USDT.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 Oli. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ICON PROJECT - ICX/USDT price is 0.879000 USDT. On the day, this instrument gained +1.19% and was traded between 0.834800 USDT and 0.895200 USDT over the period. The price is currently at +5.29% from its lowest and -1.81% from its highest.0.834800
0.895200
0.879000
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ICON PROJECT - ICX/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.310000 | 0.680000 | 0.840000 | 0.879000 | 0.900000 | 0.970000 | 1.040000 |
| Change (%) | -64.73% | -22.64% | -4.44% | - | +2.39% | +10.35% | +18.32% |
| Change | -0.569000 | -0.199000 | -0.039000 | - | +0.021000 | +0.091000 | +0.161000 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.751233 | 0.786767 | 0.827733 | 0.863267 | 0.904233 | 0.939767 | 0.980733 |
| Camarilla | 0.847663 | 0.854675 | 0.861688 | 0.868700 | 0.875713 | 0.882725 | 0.889738 |
| Woodie | 0.753950 | 0.788125 | 0.830450 | 0.864625 | 0.906950 | 0.941125 | 0.983450 |
| Fibonacci | 0.786767 | 0.815990 | 0.834044 | 0.863267 | 0.892490 | 0.910544 | 0.939767 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.683333 | 0.776667 | 0.933333 | 1.026667 | 1.183333 | 1.276667 | 1.433333 |
| Camarilla | 1.021250 | 1.044167 | 1.067083 | 1.090000 | 1.112917 | 1.135833 | 1.158750 |
| Woodie | 0.715000 | 0.792500 | 0.965000 | 1.042500 | 1.215000 | 1.292500 | 1.465000 |
| Fibonacci | 0.776667 | 0.872167 | 0.931167 | 1.026667 | 1.122167 | 1.181167 | 1.276667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.193333 | 0.386667 | 0.693333 | 0.886667 | 1.193333 | 1.386667 | 1.693333 |
| Camarilla | 0.862500 | 0.908333 | 0.954167 | 1.000000 | 1.045833 | 1.091667 | 1.137500 |
| Woodie | 0.250000 | 0.415000 | 0.750000 | 0.915000 | 1.250000 | 1.415000 | 1.750000 |
| Fibonacci | 0.386667 | 0.577667 | 0.695667 | 0.886667 | 1.077667 | 1.195667 | 1.386667 |
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): | 52.34 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -4.544737 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.867757 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.885763 | |
| Elder Ray (13): | 0.006242 | |
| Super Trend (3,10): | 0.884088 | |
| Zig ZAG (10): | 0.875500 | |
| VORTEX (21): | 1.0579 | |
| Stochastique (14,3,5): | 48.12 | |
| TEMA (21): | 0.868401 | |
| Williams %R (14): | -32.12 | |
| Chande Momentum Oscillator (20): | -0.017100 | |
| Repulse (5,40,3): | 1.9415 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 2.58 |
| MA7: | 0.956229 | |
| MA20: | 0.918690 | |
| MA50: | 0.790678 | |
| MA100: | 0.843839 | |
| MAexp7: | 0.866498 | |
| MAexp20: | 0.869893 | |
| MAexp50: | 0.879638 | |
| MAexp100: | 0.908608 | |
| Price / MA7: | -8.08% | |
| Price / MA20: | -4.32% | |
| Price / MA50: | +11.17% | |
| Price / MA100: | +4.17% | |
| Price / MAexp7: | +1.44% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -3.26% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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