ICON - ICX/USD - 1H - Technical analysis published on 03/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 0.236700 USD
My targets
0.213367 USD (-6.42%)
0.209300 USD (-8.20%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ICON PROJECT - ICX/USD as long as the price remains well below 0.236700 USD. The sellers' bearish objective is set at 0.213367 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.209300 USD. In case of crossing, the next objective would be the support located at 0.173700 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ICON PROJECT - ICX/USD rating 0.228000 USD. The price registered a decrease of -10.02% on the session and was traded between 0.222800 USD and 0.251700 USD over the period. The price is currently at +2.33% from its lowest and -9.42% from its highest.0.222800
0.251700
0.228000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ICON PROJECT - ICX/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.143800 | 0.173700 | 0.209300 | 0.228000 | 0.236700 | 0.242700 | 0.253300 |
| Change (%) | -36.93% | -23.82% | -8.20% | - | +3.82% | +6.45% | +11.10% |
| Change | -0.084200 | -0.054300 | -0.018700 | - | +0.008700 | +0.014700 | +0.025300 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | 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 | 0.226000 | 0.236200 | 0.244800 | 0.255000 | 0.263600 | 0.273800 | 0.282400 |
| Camarilla | 0.248230 | 0.249953 | 0.251677 | 0.253400 | 0.255123 | 0.256847 | 0.258570 |
| Woodie | 0.225200 | 0.235800 | 0.244000 | 0.254600 | 0.262800 | 0.273400 | 0.281600 |
| Fibonacci | 0.236200 | 0.243382 | 0.247818 | 0.255000 | 0.262182 | 0.266618 | 0.273800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.190033 | 0.213367 | 0.232733 | 0.256067 | 0.275433 | 0.298767 | 0.318133 |
| Camarilla | 0.240358 | 0.244272 | 0.248186 | 0.252100 | 0.256014 | 0.259928 | 0.263843 |
| Woodie | 0.188050 | 0.212375 | 0.230750 | 0.255075 | 0.273450 | 0.297775 | 0.316150 |
| Fibonacci | 0.213367 | 0.229678 | 0.239755 | 0.256067 | 0.272378 | 0.282455 | 0.298767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.125233 | 0.162767 | 0.204333 | 0.241867 | 0.283433 | 0.320967 | 0.362533 |
| Camarilla | 0.224148 | 0.231398 | 0.238649 | 0.245900 | 0.253151 | 0.260402 | 0.267653 |
| Woodie | 0.127250 | 0.163775 | 0.206350 | 0.242875 | 0.285450 | 0.321975 | 0.364550 |
| Fibonacci | 0.162767 | 0.192983 | 0.211651 | 0.241867 | 0.272083 | 0.290751 | 0.320967 |
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): | 35.05 | |
| MACD (12,26,9): | -0.0041 | |
| Directional Movement: | -21.509301 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.225096 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.235989 | |
| Elder Ray (13): | -0.001703 | |
| Super Trend (3,10): | 0.233536 | |
| Zig ZAG (10): | 0.227600 | |
| VORTEX (21): | 1.0345 | |
| Stochastique (14,3,5): | 20.55 | |
| TEMA (21): | 0.225928 | |
| Williams %R (14): | -49.33 | |
| Chande Momentum Oscillator (20): | -0.000600 | |
| Repulse (5,40,3): | 0.8568 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3013 | |
| Courbe Coppock: | 1.29 |
| MA7: | 0.250229 | |
| MA20: | 0.243360 | |
| MA50: | 0.223242 | |
| MA100: | 0.193010 | |
| MAexp7: | 0.228310 | |
| MAexp20: | 0.231070 | |
| MAexp50: | 0.238874 | |
| MAexp100: | 0.244323 | |
| Price / MA7: | -8.88% | |
| Price / MA20: | -6.31% | |
| Price / MA50: | +2.13% | |
| Price / MA100: | +18.13% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -1.33% | |
| Price / MAexp50: | -4.55% | |
| Price / MAexp100: | -6.68% |
Quotes :
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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.
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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