Reserved

Let me see guys what you think and suggest the next rejected/awaiting update icon of mine to be reworked! Thanks!

If that is a sword, proportions are way off. I would say, it almost looks like miniature sword.

Perhaps, you can use a low-angle instead front.
I would also suggest putting some fire to tip of the blade, slowly blazing through the fuller unless you want a flat flame background. Which still looks cool, but you should then render the particles a little more from bottom to top slowly fading away.

As @Belendor mentioned,the proportions look odd.It does not look like a sword.You could try a lower angle or lengthen the blade(though I doubt that's possible)

Nice update! Approved.

Very nice! (Looks like Demacian Justice)
5/5

Very Cool sword, holiness is present, and the light favors it.

Handle looks weird.