ICON PROJECT - ICX/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	ICXUSD
ISIN:

ICON PROJECT - ICX/USD - 1H - Technical analysis published on 12/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

83%

11%

My opinion

Bearish under 0.182000 USD

My targets

0.170544 USD (-2.82%)

0.159700 USD (-9.00%)

My analysis

The basic trend is bearish on ICON PROJECT - ICX/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.182000 USD. Buyers would then use the next resistance located at 0.184400 USD as an objective. Crossing it would then enable buyers to target 0.209800 USD. If there is a return to below the support located at 0.170544 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.159700 USD and 0.153300 USD by extension.

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

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 rating is 0.175500 USD. The price has increased by +2.63% since the last closing and was traded between 0.165500 USD and 0.176000 USD over the period. The price is currently at +6.04% from its lowest and -0.28% from its highest.

0.165500

0.176000

0.175500

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

Here is a more detailed summary of the historical variations registered by ICON PROJECT - ICX/USD:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ICON PROJECT - ICX/USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.153300	0.159700	0.170544	0.175500	0.184400	0.209800	0.234050
Change (%)	-12.65%	-9.00%	-2.82%	-	+5.07%	+19.54%	+33.36%
Change	-0.022200	-0.015800	-0.004956	-	+0.008900	+0.034300	+0.058550
Level	Major	Intermediate	Intermediate	-	Minor	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.123133	0.134667	0.152833	0.164367	0.182533	0.194067	0.212233
Camarilla	0.162833	0.165555	0.168278	0.171000	0.173723	0.176445	0.179168
Woodie	0.126450	0.136325	0.156150	0.166025	0.185850	0.195725	0.215550
Fibonacci	0.134667	0.146012	0.153021	0.164367	0.175712	0.182721	0.194067

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.094000	0.144300	0.182000	0.232300	0.270000	0.320300	0.358000
Camarilla	0.195500	0.203567	0.211633	0.219700	0.227767	0.235833	0.243900
Woodie	0.087700	0.141150	0.175700	0.229150	0.263700	0.317150	0.351700
Fibonacci	0.144300	0.177916	0.198684	0.232300	0.265916	0.286684	0.320300

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.030200	0.072000	0.151400	0.193200	0.272600	0.314400	0.393800
Camarilla	0.197470	0.208580	0.219690	0.230800	0.241910	0.253020	0.264130
Woodie	0.049000	0.081400	0.170200	0.202600	0.291400	0.323800	0.412600
Fibonacci	0.072000	0.118298	0.146902	0.193200	0.239498	0.268102	0.314400

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):	62.53
MACD (12,26,9):	0.0007
Directional Movement:	8.908499
AROON (14):	78.571429
DEMA (21):	0.165760
Parabolic SAR (0,02-0,02-0,2):	0.160870
Elder Ray (13):	0.005699
Super Trend (3,10):	0.152646
Zig ZAG (10):	0.175800
VORTEX (21):	1.0387
Stochastique (14,3,5):	89.19
TEMA (21):	0.171217
Williams %R (14):	-0.34
Chande Momentum Oscillator (20):	0.021100
Repulse (5,40,3):	1.7145
ROCnROLL:	1
TRIX (15,9):	-0.1436
Courbe Coppock:	15.68

MA7:	0.192286
MA20:	0.233320
MA50:	0.191786
MA100:	0.165387
MAexp7:	0.170371
MAexp20:	0.165540
MAexp50:	0.172212
MAexp100:	0.183750
Price / MA7:	-8.73%
Price / MA20:	-24.78%
Price / MA50:	-8.49%
Price / MA100:	+6.11%
Price / MAexp7:	+0.84%
Price / MAexp20:	+3.78%
Price / MAexp50:	-0.24%
Price / MAexp100:	-6.50%

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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