Long

ICP wait for a LONG

Updated

ICP is of my interest because of the project, the team and their continuous dev activities.

In my opinion, after a long period of declining (check my previous trade in the link below), ICP has found its bottom. However, in short and mid-term, ICP is going to consolidate in a range from $3.5 to $7.5.

I'm waiting for it to be back in the demand zone to fill my bag.

What do you think about this crypto, the project as well as this analysis?

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ICP (Internet Computer Protocol) is a cryptocurrency associated with the Internet Computer blockchain, developed by the DFINITY Foundation. The Internet Computer aims to create a decentralized and secure blockchain platform that can host a wide range of applications and services, providing an alternative to the traditional centralized web infrastructure.

Key features and concepts of the Internet Computer include:

Decentralization: The Internet Computer aims to be a fully decentralized and censorship-resistant blockchain network.
Canister Smart Contracts: Instead of using traditional smart contracts, the Internet Computer uses "Canister" smart contracts: secure and scalable building blocks that enable the creation of decentralized applications (DApps) and services on the network.

Internet-Scale: The Internet Computer is designed to be internet-scale, meaning it can scale to handle vast amounts of data and user traffic without compromising on performance.

On-Chain Governance: The network implements an on-chain governance system that allows token holders to participate in decision-making processes, such as protocol upgrades and changes.

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In my opinion, deviation from the range would be possible. I'll accumulate more ICP in $3-$3.5 if prices go here

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I accumulated first ICPs in the waiting area

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It is possible that we can buy ICP a lower prices (-20% from here). I'll wait to add more ICP if this happens.

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Still in the accumulation (yellow) area however i'll ready to accumulate & hold at the lower trendline of the descending channel. A Long setup would be a good idea also, if prices get there

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My first accumulation done. Will add more if Spring event comes or at the retest of the dashed trendline (of the descending channel).

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ICP had finished ST in phase B event and moving up (30% since my buying price)

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ICP has increased almost 70% since my preference buying price (in yellow area). Today, it is breaking the discontinued trendline. Something is really moving for ICP:

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ICP performed very well recently. Almost x2 from my buying price.
In mid-term it would reach $22 (x7). ICP is one of my favorite cryptos because of its fundamental aspects but it will need a good patience to hold the bag for years (from now).

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ICP almost made x4 from my buying price. In the next bull-run (2024-2025), my mid-term and long-term targets are $24 and $85. In the far future, it would come back to $250?

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ICP made an x5 from the proposed buy zone (yellow).
I took partial profit at $15.
Next profits will be $22, $85 and above

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ICP is breaking the current resistance at $16. If succeeding, the next one is $22

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The current resistance around $15 is being broken. If successful, next target for taking profit will be $24 (almost x7 from entry). I actually expect higher TPs at $85 and $250 for this cycle.

evasivesteering

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ICP breakout

by evasivesteering

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