ICON - ICX/USD - 1H - Technical analysis published on 01/24/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.167200 USD
My targets
0.163556 USD (-0.75%)
0.159600 USD (-3.16%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ICON PROJECT - ICX/USD. As long as you are under the resistance located at 0.167200 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.163556 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.159600 USD as an objective. Crossing it would then enable sellers to target 0.140500 USD. If the resistance 0.167200 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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 0.164800 USD. The price is lower by -1.02% since the last closing and was traded between 0.160100 USD and 0.166300 USD over the period. The price is currently at +2.94% from its lowest and -0.90% from its highest.0.160100
0.166300
0.164800
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ICON PROJECT - ICX/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.140500 | 0.159600 | 0.163556 | 0.164800 | 0.182267 | 0.189371 | 0.201180 |
| Change (%) | -14.75% | -3.16% | -0.75% | - | +10.60% | +14.91% | +22.08% |
| Change | -0.024300 | -0.005200 | -0.001244 | - | +0.017467 | +0.024571 | +0.036380 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 0.146300 | 0.151900 | 0.159200 | 0.164800 | 0.172100 | 0.177700 | 0.185000 |
| Camarilla | 0.162953 | 0.164135 | 0.165318 | 0.166500 | 0.167683 | 0.168865 | 0.170048 |
| Woodie | 0.147150 | 0.152325 | 0.160050 | 0.165225 | 0.172950 | 0.178125 | 0.185850 |
| Fibonacci | 0.151900 | 0.156828 | 0.159872 | 0.164800 | 0.169728 | 0.172772 | 0.177700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.127700 | 0.148200 | 0.167200 | 0.187700 | 0.206700 | 0.227200 | 0.246200 |
| Camarilla | 0.175338 | 0.178958 | 0.182579 | 0.186200 | 0.189821 | 0.193442 | 0.197063 |
| Woodie | 0.126950 | 0.147825 | 0.166450 | 0.187325 | 0.205950 | 0.226825 | 0.245450 |
| Fibonacci | 0.148200 | 0.163289 | 0.172611 | 0.187700 | 0.202789 | 0.212111 | 0.227200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.022400 | 0.061900 | 0.121300 | 0.205600 | 0.265000 | 0.349300 | 0.408700 |
| Camarilla | 0.141183 | 0.154355 | 0.167528 | 0.180700 | 0.193873 | 0.207045 | 0.220218 |
| Woodie | -0.034850 | 0.055675 | 0.108850 | 0.199375 | 0.252550 | 0.343075 | 0.396250 |
| Fibonacci | 0.061900 | 0.116793 | 0.150707 | 0.205600 | 0.260493 | 0.294407 | 0.349300 |
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): | 39.38 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -6.278065 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.162576 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.167692 | |
| Elder Ray (13): | -0.000752 | |
| Super Trend (3,10): | 0.173072 | |
| Zig ZAG (10): | 0.161200 | |
| VORTEX (21): | 0.9738 | |
| Stochastique (14,3,5): | 31.52 | |
| TEMA (21): | 0.162383 | |
| Williams %R (14): | -72.09 | |
| Chande Momentum Oscillator (20): | -0.005400 | |
| Repulse (5,40,3): | -6.6386 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1235 | |
| Courbe Coppock: | 1.63 |
| MA7: | 0.171400 | |
| MA20: | 0.187980 | |
| MA50: | 0.197230 | |
| MA100: | 0.181470 | |
| MAexp7: | 0.163009 | |
| MAexp20: | 0.164623 | |
| MAexp50: | 0.167447 | |
| MAexp100: | 0.171015 | |
| Price / MA7: | -3.85% | |
| Price / MA20: | -12.33% | |
| Price / MA50: | -16.44% | |
| Price / MA100: | -9.19% | |
| Price / MAexp7: | +1.10% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -1.58% | |
| Price / MAexp100: | -3.63% |
Quotes :
-
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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