ICON - ICX/USD - 1H - Technical analysis published on 02/06/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.131700 USD
My targets
0.125400 USD (-1.18%)
0.116300 USD (-8.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ICON PROJECT - ICX/USD as long as the price remains well below 0.131700 USD. The next bearish objective for sellers is set at 0.125400 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.116300 USD. If there is any crossing, the next objective would be the support located at 0.100400 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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 0.126900 USD. On the day, this instrument lost -0.16% with the lowest point at 0.125100 USD and the highest point at 0.129600 USD. The deviation from the price is +1.44% for the low point and -2.08% for the high point.0.125100
0.129600
0.126900
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ICON PROJECT - ICX/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.100400 | 0.116300 | 0.125400 | 0.126900 | 0.131700 | 0.136800 | 0.149633 |
| Change (%) | -20.88% | -8.35% | -1.18% | - | +3.78% | +7.80% | +17.91% |
| Change | -0.026500 | -0.010600 | -0.001500 | - | +0.004800 | +0.009900 | +0.022733 |
| Level | Minor | Major | Major | - | 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 | 0.118000 | 0.121700 | 0.124400 | 0.128100 | 0.130800 | 0.134500 | 0.137200 |
| Camarilla | 0.125340 | 0.125927 | 0.126513 | 0.127100 | 0.127687 | 0.128273 | 0.128860 |
| Woodie | 0.117500 | 0.121450 | 0.123900 | 0.127850 | 0.130300 | 0.134250 | 0.136700 |
| Fibonacci | 0.121700 | 0.124145 | 0.125655 | 0.128100 | 0.130545 | 0.132055 | 0.134500 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093800 | 0.117400 | 0.131700 | 0.155300 | 0.169600 | 0.193200 | 0.207500 |
| Camarilla | 0.135578 | 0.139052 | 0.142526 | 0.146000 | 0.149474 | 0.152948 | 0.156423 |
| Woodie | 0.089150 | 0.115075 | 0.127050 | 0.152975 | 0.164950 | 0.190875 | 0.202850 |
| Fibonacci | 0.117400 | 0.131878 | 0.140822 | 0.155300 | 0.169778 | 0.178722 | 0.193200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049000 | 0.097800 | 0.127200 | 0.176000 | 0.205400 | 0.254200 | 0.283600 |
| Camarilla | 0.135095 | 0.142263 | 0.149432 | 0.156600 | 0.163768 | 0.170937 | 0.178105 |
| Woodie | 0.039300 | 0.092950 | 0.117500 | 0.171150 | 0.195700 | 0.249350 | 0.273900 |
| Fibonacci | 0.097800 | 0.127672 | 0.146128 | 0.176000 | 0.205872 | 0.224328 | 0.254200 |
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): | 41.18 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -3.760659 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.127036 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.129473 | |
| Elder Ray (13): | -0.000691 | |
| Super Trend (3,10): | 0.122861 | |
| Zig ZAG (10): | 0.125800 | |
| VORTEX (21): | 0.9720 | |
| Stochastique (14,3,5): | 24.87 | |
| TEMA (21): | 0.126848 | |
| Williams %R (14): | -84.44 | |
| Chande Momentum Oscillator (20): | -0.001200 | |
| Repulse (5,40,3): | -4.4409 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0425 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.136071 | |
| MA20: | 0.155075 | |
| MA50: | 0.175048 | |
| MA100: | 0.182673 | |
| MAexp7: | 0.127493 | |
| MAexp20: | 0.127641 | |
| MAexp50: | 0.128641 | |
| MAexp100: | 0.131835 | |
| Price / MA7: | -6.74% | |
| Price / MA20: | -18.17% | |
| Price / MA50: | -27.51% | |
| Price / MA100: | -30.53% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -1.35% | |
| Price / MAexp100: | -3.74% |
Quotes :
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Real time data
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CoinMarketCap
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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