There Is No Reason Left For Not To Buy ICON (ICX)

There Is No Reason Left For Not To Buy ICON (ICX)

By moon333 | moon333 | 16 Jan 2021


 

Hey friends, hope you are well and welcome to the update on the ICON (ICX) coin.

 

Long term up-channel:

The price action is moving in a long-term up channel on the weekly chart and reached the resistance. Candlesticks also having good supports of EMA 10 and 21 as well.

0nqmb8b6

 

Click here to create an account on Binance, the best place to buy or sell ICX

 

 

 

Support and resistance levels and SMAs:

The price action of the ICX coin is rejected by the $0.65 resistance level and moving between $0.55 to $0.65 support and resistance level. If the price action will break out the $0.65 resistance then in the long-term there is no significant resistance up to $2. 40. The price action also has good support of SMAs with the time period of 25, 50 and, 100.

QGeOYpTQ

 Click here to create a free account on tradingview to watch and play the chart in realtime

 

Simple moving averages on the daily chart:
Simple moving averages on the daily chart, with the time period of 25, 50, 100 and, 200 are moving above the price action of ICON and 25 SMA is likely to cross down the price action. 

ueqkzcCI

 

Ichimoku cloud:

On the long-term weekly chart, the price action had a powerful resistance of Ichimoku bearish cloud but now the cloud is turned bullish , so now the priceline may break out this bullish cloud.

JoPoOBBj

 

This move can be like Ethereum when the price action of ETH found weak resistance of Ichimoku cloud on the weekly chart, then it broke out this cloud with powerful bullish divergence.


g3Yo7eak

 

For exact buy and sell targets for this trade, and other harmonic trading signals you can join:

https://www.patreon.com/moon333


Conclusion:
Even though on long-term, the price action of ICON is having strong resistance of an up-channel but from small, to long-term the priceline of ICX is turning bullish. Once the channel on the channel on the weekly chart will be broken out then the priceline may start a powerful bull run soon.

 

Earn best ROI as passive income on eclipcityglobal by investing and mining UME token

1.jpg?token-time=1611911849&token-hash=bAi8MCK_rH2PBmJkYfvwNkBSXCCpwR9fIPlZeNZFnmE%3D

 

Note: the above external link will take you to the eclipcityglobal page, Tron wallet or Tronlink wallet is required

 


moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.