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ICP

🔥 ICP Falling Wedge Break Out: High Risk Reward PotentialICP has been selling off for nearly a month now. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so that's why we're looking bullish. Wait for the price to break out and close outside of the pattern before considering an entry. Looking at 4.90 for now. Target placed at 6.80 for optimal risk-reward of 11.18, but could be 6.20 or 5.45, depending whether you want a higher probability trade.
Long
by FieryTrading
5
FUTURE ICP X1000The Internet Computer (ICP) is an ambitious project aiming to revolutionize the way we think about decentralized computing. It envisions a future where the internet itself becomes a powerful and scalable computer, enabling a wide range of decentralized applications and services. One of the key advantages of the Internet Computer is its ability to provide a secure and tamper-proof environment for running applications. By leveraging blockchain technology, the ICP creates a trustless and transparent platform that can execute smart contracts and host decentralized applications with the utmost integrity. This decentralized nature eliminates the need for intermediaries, reducing costs and enhancing security. Scalability is another crucial aspect of the Internet Computer. Traditional blockchain platforms often struggle with scalability limitations, leading to congestion and high transaction fees. However, the ICP aims to overcome these challenges by utilizing a unique protocol called Chain Key Technology, which allows for horizontal scalability. This means that as the network grows, its capacity to handle more users and transactions expands, ensuring a smooth and efficient user experience. Moreover, the Internet Computer promotes interoperability among different systems and protocols. It aims to create a unified internet ecosystem where various applications and services can seamlessly interact and share data. This interoperability opens up new possibilities for collaboration, innovation, and the creation of decentralized applications that can leverage the strengths of multiple platforms. Additionally, the Internet Computer empowers developers by providing a rich set of tools and resources to build and deploy decentralized applications. Its developer-friendly environment supports multiple programming languages, making it accessible to a wide range of developers with different skill sets. This inclusivity encourages creativity and diversity in the development community, leading to a vibrant ecosystem of decentralized applications. As the Internet Computer continues to evolve, it has the potential to disrupt various industries, such as finance, governance, supply chain, and more. It offers the promise of a decentralized internet that is resilient, transparent, and accessible to all. With its scalability, interoperability, and developer-friendly approach, the Internet Computer is poised to shape the future of decentralized computing. In conclusion, the Internet Computer (ICP) holds great promise as a transformative technology in the realm of decentralized computing. Its focus on security, scalability, interoperability, and developer empowerment positions it as a significant player in the evolving landscape of blockchain-based platforms. As the Internet Computer continues to mature and gain adoption, we can anticipate exciting developments and innovative applications that harness the full potential of decentralized computing.
Long
by jackmusk
2
Potential Support RangeICP has experienced a decline in price over the past month, failing to maintain its dynamic support. As a result, the price continued to decrease until reaching the support range of $4.60 to $4.87. The chart reveals a noteworthy trend whereby the willingness and ability of buyers to drive up the price diminishes with each interaction at this support level. This suggests that the likelihood of this support range signaling the end of the corrective phase has decreased. Furthermore, it is important to consider the current RSI level, which stands at 40. The RSI is a technical indicator used to assess the strength and momentum of price movements. A reading of 40 indicates a moderate level of downward pressure or selling activity. While the selling pressure is not extreme, it suggests a relatively balanced relationship between buyers and sellers in the market. In light of these factors, it is worth exploring a lower support range in the vicinity of $4.47 to $4.13, which demonstrates greater strength compared to the initial support level. Additionally, in terms of timing, the price has approached the boundaries of the corrective phase. This implies that the price may experience a positive and favorable reaction from these levels in the coming weeks.
by MonoCoinSignal
3
🔥 ICP Triangle Break Out: Going Down!Around a month ago I made an analysis on ICP where I discussed the triangle pattern on the chart. Back then, ICP was doing great, but I still anticipated it to go down and find resistance. After a few weeks of trading we got down to the bottom support, and eventually (today) broke through it. The bears got the overhand at the moment. With a lot of alts currently performing badly and BTC moving down, I don't see ICP going back up in the short-term. Bearish targets in blue.
Short
by FieryTrading
11
ICP/USDT 2023The comparison between Internet Computer Protocol (ICP) and Ethereum in terms of advantages depends on various factors and perspectives. Both platforms have different approaches and offer distinct features. Here are some specific advantages of ICP compared to Ethereum: 1. Scalability: ICP is designed with a focus on scalability, aiming to provide a solution that can efficiently handle a high volume of transactions and activities on the network. Ethereum, on the other hand, has faced scalability challenges, especially during network congestion periods, as seen during the NFT (Non-Fungible Token) boom in 2021. 2. Transaction fees: ICP proposes potentially lower transaction fees compared to Ethereum. This can be advantageous for applications that rely on a large number of transactions or for users looking to avoid high transaction costs. 3. Confirmation time: ICP aims to significantly reduce transaction confirmation time, allowing for a faster user experience compared to Ethereum. 4. Governance: ICP has a decentralized governance model, which enables network participants to contribute to decision-making and platform development. While Ethereum also has a governance system, ICP may have a more accessible and open approach to user participation. However, it is important to note that Ethereum is currently the most established and widely used blockchain in the cryptocurrency and decentralized application space. It has a robust community, broad adoption, and supports a variety of smart contracts and tokens. Ethereum is also undergoing major upgrades, such as the transition to Ethereum 2.0, which aims to address scalability and efficiency issues. The choice between ICP and Ethereum will depend on the specific requirements of a project or use case, as well as individual preferences. It is recommended to research and carefully evaluate the characteristics, features, and limitations of each platform before making a decision.
Long
by jackmusk
ICPUSDTICPUSDT Thoughts After a long fall, the coin was able to find a local bottom and go flat. A couple of times there was an attempt to break through the downward resistance, but it was not successful. Strong resistance provided final confirmation that a Descending Triangle pattern had formed. After the third attempt to break through the resistance, the price froze and began to gain strength for the next impulse. ✅ Global targets for upward breakdown are indicated on the chart by blue lines: 7.524 - 8.305 - 9.240 We don’t set a stop yet, we focus on the state of BTC. For a futures setup, set targets and stops yourself, focusing on your shoulders. We put a stop at $4.9 But remember that things can change at any moment. You need to be flexible and monitor the market. Make a decision strictly with a cool head and do not give in to emotions. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
ICPUSDT Bullish Divergence on RSI, Price Set to RiseICPUSDT is showing strong signs of bullish momentum with a nice rejection of the uptrend trendline followed by a 35% rally. After a minor pullback, price found support at the 23.6% Fibonacci level, accompanied by a bullish divergence on the RSI. Currently, price is bouncing off the minor uptrend trendline, and if a new lower low is not formed, the price of LSE:ICP will remain heavily bullish. This could potentially lead to a 16% increase in the near term.
Long
by MyCryptoParadise
2
ICP/USDT - ICP Token: Poised for Explosive Growth?ICP (Internet Computer Protocol) is a blockchain-based protocol that aims to revolutionize the way we interact with the internet. ICP's token, also called ICP, is the native digital currency of the Internet Computer ecosystem. ICP is designed to power the decentralized internet by providing a secure and efficient means of executing smart contracts and other decentralized applications. It operates on a consensus mechanism called the Threshold Relay, which allows for high-speed processing of transactions with low latency. One of the key features of ICP is its ability to support smart contracts written in multiple programming languages, including Rust, Motoko, and C. This makes it easy for developers to create decentralized applications on the ICP network. ICP tokens can be used to pay for transaction fees, stake in the network, and participate in governance decisions. The total supply of ICP tokens is capped at 469 million, with around 155 million currently in circulation. Since its launch in May 2021, ICP has garnered significant attention from investors and developers alike. It has quickly become one of the most valuable cryptocurrencies in the market, with a market capitalization of over $10 billion as of May 2023. Despite its rapid growth, ICP is still a relatively new technology that faces many challenges and uncertainties. As with any emerging technology, it is important for investors and users to conduct thorough research and understand the risks associated with investing in ICP. In conclusion, ICP and its native token have the potential to transform the way we interact with the internet and bring about a new era of decentralized applications. Its innovative technology and strong developer community make it a promising project to watch in the coming years.
Long
by jackmusk
3
$ICP the forgotten crypto about to make a comeback? $70-$100+I know this sounds crazy bc LSE:ICP has done nothing but fall since hitting the market, but feel like it's finally time for this thing to make a move. Why? - Looks like it's formed a bottoming formation (inverse H&S) - OBV shows a inverse head and shoulders pattern forming on the right side of the price action on the weekly time frame (inverse H&S within an inverse H&S) - Multiple higher lows on weekly time frame in obv - RSI crossing into extreme bullish/ parabolic levels on weekly timeframe The only thing that needs to happen is price action needs to break above the last blue trend line. From there, I think we'll see a clear shot to $71. That's where I'd want to take profits, and we'll see if price can move any higher after that. Taken a small position here incase it plays out.
COINBASE:ICPUSDLong
by benjihyam
6
ICP: Resistance BreakoutThe Internet Computer (ICP) technical analysis: Trade setup : Price is an Uptrend. Price pulled back and bounced off of $5.00-5.25 support zone, which also lines up with 200-day moving average and long term support trendline. Now it re-broke above $6.25 resistance and could revisit $7.50 resistance next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $5.00, then $3.50. The nearest Resistance Zone is $6.25, which it broke, then $7.50.
Long
by altFINS
🔥 ICP Going Parabolic, But For How Long?ICP has seen an incredible move over the last few days, where it gained almost 30% and severely outperformed the rest of the market. Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming. The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here. If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.
Long
by FieryTrading
8