The cryptocurrency market gives light to almost all ICO today. Coins release by packs every day.. Often listing is given for nothing. As a last resort, after primary treatment of penny in the wallet under this case will always be in a purse.
The ICON project was released at the ICO on September 21, 2017.
What makes the project unique:
- Soon ICON will open a platform for developers to conduct projects based on ICON, as it happens with other similar blockchain projects, such as Etherium, Neo, EOS.
- The project is going to open local institutes of computer engineering for involvement of developers. So they will be able to evolve developers in writing of smart contracts.
- The project is officially supported by the government of South Korea and is preparing for the implementation of a number of state and industry structures. Avoiding paperwork, ICON makes possible transactions between blockchains unlike at each other.
- Expansion is planned outside Korea, for which relations with partners of the English-speaking world are being established.
From shortcomings it is possible to note that the project can face a possibility of expansion because of small communication outside the region. In addition, dependence on the country's policy adds a portion of rice in a risky Bank.
The blockchain at an early stage of development.And last year's take-off with the subsequent peak paid the market a knockdown. But some projects, meanwhile, do not stand still. For example, judging by the team, the number of employees involved in this project in 2018 increased from 40 to 110.
Possibly, many projects until the end of the year will go out and partly will turn into fuel for growth, without having waited for new rise of the market.The icon is supported by the government, which acts as a shield, which means that the lottery participant is not ready to lose a piece of cake. It should be noted that in the community of South Korea there are rumors about the prospects of even greater loyalty of the Korean authorities to the world of the blockchain industry
The main thing that there was no rain and this gunpowder didn't wash away the 5th wave of the rider of the Apocalypse in an abyss.
By the way, the technical picture.
It is obvious that the consolidation period expires in early September. Probably, the overbought at the moment will not subside, and the price of the token will go to the corrective goals of 0.0002687 and may decide to fulfill the desire of the wise grandfather Holder of the cherished 0.0004683.
If to consider this token on a matropattern, movement from 50 periodny to 200 periodny MA matches the first launched purpose that can serve as the good trigger to a new impulse.
Recommendation: go long level 0.0001283. Targets 0.0002687 (1.), 0,0004683 (2.)
The risk per trade is the maximum. will be at least 0.0000751 year. In case of breakdown of this level, we will wait for the fixation above it and add a position.
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Instead of a stop order, we would rather use "averaging", because the stop orders are being hunted. We will add levels for averaging to the update of ideas if the market continues to decline. Please, note that it is a high-risk transaction.