Icon (ICX) Price Reaches Make-or-Break Point

2023-4-13 16:45

The ICON (ICX) price is attempting to find support, create a higher low, and resume its upward movement toward the next resistance.

The ICX price broke out from a descending resistance line on April 1. It reached a maximum price for the year at $0.49 four days later. However, while this seemingly caused a breakout above the $0.40 resistance area, the price created a long upper wick during the next 24 hours and fell afterward. Such wicks are considered signs of selling pressure.

The ICX price has fallen since and is approaching the $0.26 horizontal support area.

Despite the sharp fall, the daily RSI has not generated any bearish divergence yet. Moreover, it still trades above 50, a sign of a bullish trend.

As a result, the ICX price may bounce at the $0.26 horizontal support area and make another attempt at moving toward the $0.40 resistance. A breakout from the latter could catalyze a pump to $0.60.

On the other hand, a close below $0.26 could trigger a drop to $0.23.

ICX/USDT Daily Chart. Source: TradingView ICON (ICX) Price Prediction for April: $0.60 Within Reach?

The technical analysis from the six-hour time frame provides a bullish ICX price prediction for April. The main reason for this is the wave count, which bodes well for the future price. 

The ICX price is in wave three of a five-wave upward movement (white). This is usually the sharpest out of the five waves. The sub-wave count is given in black, showing that the ICON price is completing a fourth wave pullback. The pullback may end at the middle of the previous ascending channel (green circle), which also coincides with the $0.26 horizontal support area. Afterward, the ICX price could increase to the long-term resistance at $0.60. 

Even though the wave count is bullish, a drop below the sub-wave one high (red line) of $0.24 would invalidate it. If true, this could cause a drop to the $0.18 support.

ICX/USDT Six-Hour Chart. Source: TradingView

To conclude, the most likely ICX price forecast is an increase toward the long-term resistance area at $0.60. This bullish forecast would be invalidated with a decrease below $0.24. In that case, the price could fall to $0.18.

For BeInCrypto’s latest crypto market analysis, click here.

The post Icon (ICX) Price Reaches Make-or-Break Point appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Iconic (ICON) на Currencies.ru

$ 0.0045565 (+0.77%)
Объем 24H $0
Изменеия 24h: 2.83 %, 7d: 0.09 %
Cегодня L: $0.0045565 - H: $0.0045565
Капитализация $2.702k Rank 2287
Доступно / Всего 592.894k ICON

icon price icx point reaches make-or-break pullback

Источник: beincrypto.com

icon price → Результатов: 81


Icon Price Prediction 2021 – 2025 – 2030 | Future Forecast For ICX Price

In this article, we will give our own and market’s opinion on ICX future while discussing Icon price forecast for 2020 and beyond. Before we delve deep into the Icon price prediction and answer questions if ICX is a good investment or not, why will ICX succeed or fail or while will Icon price rise […] The post Icon Price Prediction 2021 – 2025 – 2030 | Future Forecast For ICX Price appeared first on CaptainAltcoin.

2020-11-20 14:46


Monero, ICON and Ontology price: Will short-term bears affect these alts' recovery rate?

Altcoins are recovering, but they are also experiencing short-term downward breakouts. For instance, altcoins like Monero, ICON, and Ontology have recorded an uptrend post the 'Black Thursday', but a The post Monero, ICON and Ontology price: Will short-term bears affect these alts' recovery rate? appeared first on AMBCrypto.

2020-4-5 14:00


Icon Price Prediction 2020 – 2025 – 2030 | Future Forecast For ICX Price

In this article, we will give our own and market’s opinion on ICX future while discussing Icon price forecast for 2020 and beyond. Before we delve deep into the Icon price prediction and answer questions if ICX is a good investment or not, why will ICX succeed or fail or while will Icon price rise […]The post Icon Price Prediction 2020 – 2025 – 2030 | Future Forecast For ICX Price appeared first on CaptainAltcoin.

2020-1-25 17:04


ICON Price Analysis ICX / USD: Sisyphean Task

ICON has a bearish short-term bias, with the cryptocurrency weakening below its key moving averages The four-hour time frame shows that the ICX / USD pair is creating bearish lower lows and lower highs The daily time frame shows that the ICX / USD pair has performed a bearish breakout from a sideways price channel […] The post ICON Price Analysis ICX / USD: Sisyphean Task appeared first on Crypto Briefing.

2019-8-14 16:02


ICON Price Analysis ICX / USD: Destructive Catalyst

ICON has a bearish short-term bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated The ICX / USD pair’s medium-term outlook has turned bearish, with price trading below key technical support on […] The post ICON Price Analysis ICX / USD: Destructive Catalyst appeared first on Crypto Briefing.

2019-7-16 16:51


ICON Price Analysis ICX / USD: Staking Out A Price Channel

ICON has a bullish short-term bias, with the cryptocurrency moving back above its 200-period moving average on the four-hour time frame The four-hour time frame still shows the presence of a bearish head and shoulders pattern The medium-term time frame is neutral, with the ICX / USD pair trapped within a sideways price channel Fundamental […] The post ICON Price Analysis ICX / USD: Staking Out A Price Channel appeared first on Crypto Briefing.

2019-7-9 17:24


Icon (ICX) Price Prediction 2019 – ICX To Touch All Time Low Again (May 27th Update)

4H ICXBTC ICX is currently in a non-trending environement, ranging in a horizontal channel between two heights of 4.1k and 5.4k sats. There was one worrisome drop below a local bottom of 4.4k in the last day or two and ICX is now heading to the all time low in sats – the already mentioned […] The post Icon (ICX) Price Prediction 2019 – ICX To Touch All Time Low Again (May 27th Update) appeared first on CaptainAltcoin.

2019-5-27 15:07


дальше еще 32 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru