ICON - ICX/USD - 1H - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.147588 USD
My targets
0.152180 USD (+0.78%)
0.173333 USD (+14.79%)
My analysis
ICON PROJECT - ICX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.147588 USD. The next resistance located at 0.152180 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.173333 USD. After this resistance, buyers could then target 0.217167 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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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 rating is 0.151000 USD. On the day, this instrument lost -0.07% and was between 0.147700 USD and 0.154900 USD. This implies that the price is at +2.23% from its lowest and at -2.52% from its highest.0.147700
0.154900
0.151000
Here is a more detailed summary of the historical variations registered by ICON PROJECT - ICX/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.128338 | 0.137540 | 0.147588 | 0.151000 | 0.152180 | 0.217167 | 0.265100 |
| Change (%) | -15.01% | -8.91% | -2.26% | - | +0.78% | +43.82% | +75.56% |
| Change | -0.022662 | -0.013460 | -0.003412 | - | +0.001180 | +0.066167 | +0.114100 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.133600 | 0.138700 | 0.144900 | 0.150000 | 0.156200 | 0.161300 | 0.167500 |
| Camarilla | 0.147993 | 0.149028 | 0.150064 | 0.151100 | 0.152136 | 0.153172 | 0.154208 |
| Woodie | 0.134150 | 0.138975 | 0.145450 | 0.150275 | 0.156750 | 0.161575 | 0.168050 |
| Fibonacci | 0.138700 | 0.143017 | 0.145683 | 0.150000 | 0.154317 | 0.156983 | 0.161300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093967 | 0.106333 | 0.127467 | 0.139833 | 0.160967 | 0.173333 | 0.194467 |
| Camarilla | 0.139388 | 0.142458 | 0.145529 | 0.148600 | 0.151671 | 0.154742 | 0.157813 |
| Woodie | 0.098350 | 0.108525 | 0.131850 | 0.142025 | 0.165350 | 0.175525 | 0.198850 |
| Fibonacci | 0.106333 | 0.119130 | 0.127036 | 0.139833 | 0.152630 | 0.160536 | 0.173333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.075600 | 0.097500 | 0.110800 | 0.132700 | 0.146000 | 0.167900 | 0.181200 |
| Camarilla | 0.114420 | 0.117647 | 0.120873 | 0.124100 | 0.127327 | 0.130553 | 0.133780 |
| Woodie | 0.071300 | 0.095350 | 0.106500 | 0.130550 | 0.141700 | 0.165750 | 0.176900 |
| Fibonacci | 0.097500 | 0.110946 | 0.119254 | 0.132700 | 0.146146 | 0.154454 | 0.167900 |
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): | 59.70 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 6.704960 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.152097 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.147110 | |
| Elder Ray (13): | 0.001950 | |
| Super Trend (3,10): | 0.143993 | |
| Zig ZAG (10): | 0.151200 | |
| VORTEX (21): | 1.0620 | |
| Stochastique (14,3,5): | 70.64 | |
| TEMA (21): | 0.152466 | |
| Williams %R (14): | -42.42 | |
| Chande Momentum Oscillator (20): | 0.002900 | |
| Repulse (5,40,3): | -3.4434 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1253 | |
| Courbe Coppock: | 4.56 |
| MA7: | 0.146014 | |
| MA20: | 0.132520 | |
| MA50: | 0.131376 | |
| MA100: | 0.141491 | |
| MAexp7: | 0.151724 | |
| MAexp20: | 0.150271 | |
| MAexp50: | 0.147956 | |
| MAexp100: | 0.145174 | |
| Price / MA7: | +3.41% | |
| Price / MA20: | +13.95% | |
| Price / MA50: | +14.94% | |
| Price / MA100: | +6.72% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +2.06% | |
| Price / MAexp100: | +4.01% |
Quotes :
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Real time data
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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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