Internet Computer (ICP)

ICP project was announced with great fanfare and promised great features. However, ICP's price was in a long downtrend until recently when price broke the downtrend line and made a higher high and a higher low. It's too soon to surmise the major trend reversal has happened since at least another higher high and higher low is needed. Let's see what happens.

Note

It is possible that ICP has made a double bottom, and thus a reversal can happen. We have to wait for confirmation.

Note

Just an update.

Note

So, ICP has been moving in a somewhat descending channel. It seems ICP has started an upward wave from the bottom of this channel. Let's see if ICP can reach the upper line or even break through it.

Note

So, ICP reached the channel's upper line and broke it with momentum, showing that the impulse wave is strong. It is most probable that a big Cup and Handle pattern is unfolding. Let's see what happens.

Note

So, ICP went up pretty well. It seems ICP is resting/oscillating in an ascending channel. Let's see when ICP break this channel upward.

Note

So, ICP still oscillating in the ascending channel.

Note

So, ICP lacked the momentum to continue the upward move; thus, a correction wave started. ICP went down and touched the previously broken line. Let's see when ICP breaks the minor downtrend line.

Trade active

So, ICP analysis is still valid. It seems, ICP's correction unfolded in a descending channel, and currently, ICP is bouncing from the bottom and breaking the downtrend line. Let's see what happens.

SaeedSalehinia

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

SaeedSalehinia