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ICON - ICX/USD
ICON - ICX/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ICXUSD
ISIN:

ICON - ICX/USD - 1H - Technical analysis published on 12/15/2024 (GMT)

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Londinia
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  • Timeframe : 1H
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  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.225367 USD
My targets
0.216600 USD (-1.28%)
0.194600 USD (-11.30%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.225367 USD remains possible. It is advisable to trade ICON PROJECT - ICX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.225367 USD. The next bearish objective for sellers is set at 0.216600 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.194600 USD. In case of crossing, the next objective would be the support located at 0.170544 USD. PS: if there is a bullish break in the resistance located at 0.225367 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ICON PROJECT - ICX/USD rating is 0.219400 USD. The price registered a decrease of -0.14% on the session and was between 0.212800 USD and 0.224900 USD. This implies that the price is at +3.10% from its lowest and at -2.45% from its highest.

0.212800
0.224900
0.219400

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of ICON PROJECT - ICX/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.170544 0.194600 0.216600 0.219400 0.225367 0.242589 0.268480
Change (%) -22.27% -11.30% -1.28% - +2.72% +10.57% +22.37%
Change -0.048856 -0.024800 -0.002800 - +0.005967 +0.023189 +0.049080
Level Minor Minor Minor - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1838330.1975670.2086330.2223670.2334330.2471670.258233
Camarilla0.2128800.2151530.2174270.2197000.2219730.2242470.226520
Woodie0.1825000.1969000.2073000.2217000.2321000.2465000.256900
Fibonacci0.1975670.2070400.2128930.2223670.2318400.2376930.247167


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0940000.1443000.1820000.2323000.2700000.3203000.358000
Camarilla0.1955000.2035670.2116330.2197000.2277670.2358330.243900
Woodie0.0877000.1411500.1757000.2291500.2637000.3171500.351700
Fibonacci0.1443000.1779160.1986840.2323000.2659160.2866840.320300


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0302000.0720000.1514000.1932000.2726000.3144000.393800
Camarilla0.1974700.2085800.2196900.2308000.2419100.2530200.264130
Woodie0.0490000.0814000.1702000.2026000.2914000.3238000.412600
Fibonacci0.0720000.1182980.1469020.1932000.2394980.2681020.314400

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): 48.64
MACD (12,26,9): -0.0017
Directional Movement: -8.532874
AROON (14): 71.428572
DEMA (21): 0.217198
Parabolic SAR (0,02-0,02-0,2): 0.214302
Elder Ray (13): -0.001359
Super Trend (3,10): 0.234163
Zig ZAG (10): 0.219500
VORTEX (21): 0.9313
Stochastique (14,3,5): 42.89
TEMA (21): 0.217529
Williams %R (14): -44.63
Chande Momentum Oscillator (20): 0.002800
Repulse (5,40,3): 1.8412
ROCnROLL: -1
TRIX (15,9): -0.1438
Courbe Coppock: 0.25
MA7: 0.225100
MA20: 0.241320
MA50: 0.185852
MA100: 0.162034
MAexp7: 0.218665
MAexp20: 0.219324
MAexp50: 0.222945
MAexp100: 0.227140
Price / MA7: -2.53%
Price / MA20: -9.08%
Price / MA50: +18.05%
Price / MA100: +35.40%
Price / MAexp7: +0.34%
Price / MAexp20: +0.03%
Price / MAexp50: -1.59%
Price / MAexp100: -3.41%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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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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