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Difinity

ICP Unchained?Bearish Idea ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5. Bullish Idea FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a chance ICP to get rid of it's chains. In that case, if it can break the upper trendline(the black one), then we could expect more rise up to 9.80. For the both case, I think we should wait for the comformation. Not a financial advice. I am just correcting my previous graphs.
by Dantefe
2
ICP to $38 in April?If we continue to see BTC pump into spring time I think it we can expect alts to follow. I expect ICP to head toward the point of control of this lower price range at around $20. This would coincide wit a break of the descending wedged. It would then be reasonable to see a bullish retest at the top of the wedge before a continuation to what I consider the first major level at around $38-$40. A break and hold of $38-$40 would confirm a macro reversal. I expect ICP would challenge that $87 local high shortly after. I think we could see the retest of the $38-$40 by mid April.
COINBASE:ICPUSDLong
by CryptoNCoffee
1
ICP Short Term Structure is bearishI have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart. As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending channel it seems to be forming. In my opinion the probability that we test the bottom of the channel is much higher than a bullish breakout but this is crypto and sometime the most obvious direction is simply a trap.
COINBASE:ICPUSD
by CryptoNCoffee
2
ICP bottoming pattern?Any sort of short term bullish breakout went out the window once we broke the $40 floor a few weeks ago. At this point I don't believe ICP has it in it to break into some higher figures without spending sometime consolidating in this $20-$40 range we've found ourselves in. With that though in mind and short of any hyper bullish catalyst I could see longer term bottoming pattern play out. Something like the chart shows. A potential inverse head and shoulders break out of this macro falling wedge. If this is the case then we could see ourselves playing in this $20-$40 zone for a few months before we see much higher price action. Perhaps towards the Spring of 2022 we could see a real breakout followed by a sustained uptrend into a market cycle top.
COINBASE:ICPUSDLong
by CryptoNCoffee
2
ICP weekly chart: The shittiest bullish chart in cryptoThe ICP weekly chart has lived in oversold territory for its entire life. But even the shittiest of coins can show signs of life. 1) It is possible that ICP is in a macro falling wedge and we have potentially reached the bottom. 2)ICP's RSI has to be one of the most oversold RSI in crypto. On the weekly we see signs of an end to bearish momentum as show by the bullish divergence. Assuming we are still in a bull market. I could see ICP break out of this wedge and finding resistance at around the $40 mark. Followed by a retest and a show of support at around $32 before heading higher.
COINBASE:ICPUSDLong
by CryptoNCoffee
2