ICON PROJECT - ICX/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ICXUSD
ISIN:

ICON PROJECT - ICX/USD - 1H - Technical analysis published on 05/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.226400 USD

My targets

0.242333 USD (+3.52%)

0.251850 USD (+7.58%)

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/USD as long as the price remains well above 0.226400 USD. The buyers' bullish objective is set at 0.242333 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.251850 USD. If there is any crossing, the next objective would be the resistance located at 0.282850 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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

Additional analysis

Quotes

The ICON PROJECT - ICX/USD price is 0.234100 USD. The price has increased by +1.04% since the last closing and was traded between 0.231100 USD and 0.234100 USD over the period. The price is currently at +1.30% from its lowest and 0% from its highest.

0.231100

0.234100

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of ICON PROJECT - ICX/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.216511	0.220754	0.226400	0.234100	0.235400	0.251850	0.282850
Change (%)	-7.51%	-5.70%	-3.29%	-	+0.56%	+7.58%	+20.82%
Change	-0.017589	-0.013346	-0.007700	-	+0.001300	+0.017750	+0.048750
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Major

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	0.207100	0.213500	0.222600	0.229000	0.238100	0.244500	0.253600
Camarilla	0.227438	0.228858	0.230279	0.231700	0.233121	0.234542	0.235963
Woodie	0.208450	0.214175	0.223950	0.229675	0.239450	0.245175	0.254950
Fibonacci	0.213500	0.219421	0.223079	0.229000	0.234921	0.238579	0.244500

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.187067	0.200133	0.208167	0.221233	0.229267	0.242333	0.250367
Camarilla	0.210398	0.212332	0.214266	0.216200	0.218134	0.220068	0.222003
Woodie	0.184550	0.198875	0.205650	0.219975	0.226750	0.241075	0.247850
Fibonacci	0.200133	0.208194	0.213173	0.221233	0.229294	0.234273	0.242333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.010100	0.093900	0.155200	0.259200	0.320500	0.424500	0.485800
Camarilla	0.171043	0.186195	0.201348	0.216500	0.231653	0.246805	0.261958
Woodie	-0.031450	0.083225	0.133850	0.248525	0.299150	0.413825	0.464450
Fibonacci	0.093900	0.157045	0.196055	0.259200	0.322345	0.361355	0.424500

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.31
MACD (12,26,9):	0.0022
Directional Movement:	14.397471
AROON (14):	14.285715
DEMA (21):	0.231766
Parabolic SAR (0,02-0,02-0,2):	0.234300
Elder Ray (13):	0.001643
Super Trend (3,10):	0.223949
Zig ZAG (10):	0.231700
VORTEX (21):	1.1503
Stochastique (14,3,5):	65.74
TEMA (21):	0.232310
Williams %R (14):	-34.26
Chande Momentum Oscillator (20):	0.005100
Repulse (5,40,3):	0.8341
ROCnROLL:	1
TRIX (15,9):	0.1339
Courbe Coppock:	4.47

MA7:	0.220000
MA20:	0.222970
MA50:	0.257970
MA100:	0.273684
MAexp7:	0.231035
MAexp20:	0.227951
MAexp50:	0.224976
MAexp100:	0.221806
Price / MA7:	+6.41%
Price / MA20:	+4.99%
Price / MA50:	-9.25%
Price / MA100:	-14.46%
Price / MAexp7:	+1.33%
Price / MAexp20:	+2.70%
Price / MAexp50:	+4.06%
Price / MAexp100:	+5.54%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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