ICXUSDT.P trade ideas
ICXUSDT breaking out of consolidation? Price has been trading within a range that seems to be contracting these past few weeks/months but there are indications we may be seeing a potential change in theme.
Watching out this potential breakout in progress. I'd say wait for a weekly close but a daily close would be a bullish signal too.
ICX / USDT weekly indicates massive price action. Icon 2021, it will potential a big year for Icon! Heavy accumulation last 2 years on low volume indicates something will happen soon or late with massive momentum! ALso in the center of the channel around the median you can clearly see it's a imported price action zone! Also ICX was on 12 dollar around BTC price 19K I still think BTC will hit 200.000 / 250.000 this cycle so......
I know it looks unrealistic but we have seen crazy things in crypto! Keep that in Mind!
That's how your perfect entry looks likeWhat I love about trading trend lines is the fact you have the maximum Profit/Risk ratio. I don't know if the price will go up from this point or down but at least I know where to exit my position: either with profit or with loss. I wouldn't be surpised to see the price going down considering the fact Bitcoin is still due to a major correction but it is a risk worth taking. When if not now? ICON isn't the only one you can trade now in this manner - check out also ONT, ZEC, XTZ.
ICON - Next Moon Soon!Hi,
Everything is on the chart. ICON is one of my favorite asset because of its fantastic potential and I would like to share my little point of view about it.
Wave 2 should be over (in orange color). We draw a huge beautiful ascending triangle and we compress more and more.
The shareholders' capital still keep on to strengthen.
We should easily hit the TARGET 1 and 2 during the next months (maybe weeks).
It's a long for me!
Trade safe and not with your emotions...!
Cheers,
PS: it's not a Financial Advice.
ICX/USDTPERP - LONG - Potential 14.37%***NEW TRADE SET UP"**
ICX/USDTPERP - LONG - Potential 14.37%
Optional Leverage: 3x
Entry- 4363
TP1(75%) - 4661
TP2- (25%) - 4990
SL - 4003
- BTC regained strength from initial drop, 25k is target but also danger zone
- RR - 1.74
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
ICX Growing Soon!ICON is a decentralized blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer like ICON.
ICXUSDT formed bullish Gartley | Upto 44.2% expectedOn daily chart, the price action of ICON (ICX) has completed the final leg of Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.3893 to $0.3475
Fibonacci projection or sell zone: $ 0.4222 to $ 0.5014
Stop Loss:
The potential reversal zone area that is up to $0.3475 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 44.2% and as per the above-mentioned stop loss, the loss possibility is 11%.
Note: Above idea is for educational purpose only.