ICX/USDT has recorded a strong increase of about 22% in a short time, bringing the current price fluctuating around the range of 0.1177–0.1180 USDT. However, will this trend continue, or is it a signal for a deeper correction? The multi-timeframe technical analysis article seeks to find the optimal trading strategy.
1. Overview of price fluctuations
After an impressive recovery, ICX is accumulating around the level of 0.1180.
The short-term trend still leans towards increase, thanks to EMA(7) consistently remaining above EMA(25) and EMA(99) in shorter time frames.
2. Detailed technical analysis
a. Moving Average (EMA)
15-minute and 1-hour frame:
EMA(7) > EMA(25) > EMA(99) → Clear bullish signal in the short term.4-hour and 1-day frame:
EMA(7) starts to cut down EMA(25) → Signals a potential slight correction.Long-term frame:
Price is holding above EMA(99) → Long-term EMA plays an important support role.
b. RSI (Relative Strength Index)
Short-term frame (15 minutes – 1 hour):
RSI(6) exceeds 60 → Near the overbought zone, correction may occur easily.
Medium – long-term frame (4 hours – 1 day):
RSI(12–24) fluctuates around the 40–60 zone → Neutral, waiting for clearer confirmation signals.
c. MACD
Short-term frame:
DIF > DEA, positive MACD → Bullish signal maintained.4-hour frame:
Slightly negative MACD → Selling pressure may temporarily appear.
d. Trading volume
Highest volume at the 15-minute frame (~20.4 million), gradually decreasing at longer frames → Trading is mainly focused on short-term positions, caution is needed when entering medium/long-term orders.
3. Proposed trading strategy
Scenario 1: BUY according to the trend
Entry point:
Zone 0.1145–0.1150 (EMA 25 or EMA 99) when RSI(6) bounces up from the 50 zone.Confirmation:
MACD turns positive or DIF cuts up DEA.Profit target:
0.1211 – 0.1231 (nearest resistance or previous peak).Stop loss:
Below 0.1114 (nearest low).Probability of success:
~65% if the price holds above EMA(25).
Scenario 2: SELL during correction
Entry point:
Price breaks below the 0.1148 zone (support at the 4-hour frame) and RSI(6) falls below 40.Confirmation:
Increasing negative MACD, high selling volume.Profit target:
0.1055 – 0.1027 (EMA(99) or previous low).Stop loss:
Above 0.1180 (nearest peak).Probability of success:
~55% (the overall trend still favors increase).
4. Risk management
Minimum Risk/Reward ratio: 1:2
For example: if placing a stop loss at 0.1114 (down 0.004), then the minimum profit target should be 0.1231 (up ~0.008).Prioritize trading in the 15-minute – 1-hour frame, where the trend is clear and volume is stable.
5. Conclusion
ICX/USDT is in a strong recovery phase, but signals from the medium and long-term frames indicate the risk of a correction is forming. Monitoring support EMA zones and MACD – RSI signals will help traders optimize entry points and effectively protect capital.
