ICP
Internet computer Parabolic move coming!ICP, is it a dead project or just suffer from bad timing on the release?
This project was released with a lot of hype behind it but nothing but deflate and loose value ever since it's release. It something better than hype going for it right now and that is bullish divergence on the RSI and the MACD. The MFI showed a break above resistance and is trying to hold the breakout as support.
It looks like a fairly substantial recover is on the way for ICP and could see a price bump to $55 to $60 by the end of 2023. That is a cool 10 to 12x from where prices stand at this very moment.
This is not financial advice. Please do your own diligence and invest responsible.
ICP what is next?ICP broke the support that I implemented on my previous analysis due to the FUD about Banks and stuff, so it went down to the stronger minor support (4.40-4.60$).
The direction of the market is still uncertain. Therefore, I would like to show two possible scenario in here.
First, ICP can bounce back from this minor support. If it does, I strongly beleive that it will go up to 9-9.80$.
If the support doesn't hold, then our strong support is at 3.50$.
This is not a financial advice. It is just for fun.
FOMC news release, preparing for short positions BTC ended up printing a swing pattern failure. So I am now preparing for shorts positions and this chart shows when I am anticipating to find my best entries on those. This chart also shows that I am not looking to take any long positions unless we see a strong move higher form the buyers.
So I am preparing for short positions now but waiting for the right signal from BTC. And when it’s time to enter, we need to have positions ready. This may happy overnight or when I’m not able to post so wanted to share some setups that I am watching. The idea here is NOT to enter all of them, but to choose the ones that look the best when BTC is in it’s rejection area or sell pressure is showing up. The best way to manage these is to set alerts on each one on TradingView so you are alerted when each is near our target zone.
I won’t be providing much detail on each of these setups as they are all very similar. Really just wanting to see price action come back and bearishly retest the recent resistance.
ICP is forming an inverse H&S pattern. 110% profit on spot.Today we will review the cryptocurrency ICP. On the daily and weekly timeframe, an inverse technical analysis pattern head and shoulders is forming. After breaking the neckline, I expect an upward movement to the next resistance zone around $15. The net profit on the spot purchase will be about 110%. Buying after breaking the neckline.
This is not a financial recommendation, everything you do, you do at your own risk.
ICP Big Range 📦 Analysis #23/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ICP has been stuck inside a big range between the 4.5 support and 6.4 resistance.
🏹 If we retest the blue support again, we will be looking for buy setups on lower timeframes
For the bulls to take over long-term , we need a daily candle close above 6.4 resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$ICP 🐻'sh Continuation On the 1Hr TF i've identified a bearish continuation pattern that $ICP has formed beautifully.
It has already flown to the 50% mark and pulled back. Though I want to see more bullish engulfing patterns
as PA leaves the demand zone and heads for supply. In all, expecting PA to head towards the $5.89 mark
to then continue the trend and trade below $5.21. You can trade either direction, but since you know where it's going..
you can play offense and setup a short at the above level mentioned, just make sure you SL is tight & GL!
Internet Computer (ICP) formed bullish Shark for upto 62% rallyHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP ) with US Dollar pair.
Our last successful trade of ICP was below:
Now on a 4-hr time frame, ICP has formed a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ICP: Pullback in UptrendThe Internet Computer (ICP) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($3.50-$5.00), indicating bullish trend reversal, price also broke above $6 resistance with big volume, resuming Uptrend and reached our target of $7.50 where it was met by profit taking selling from traders. Pullback near $5 support could be an attractive swing entry in Uptrend.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistanc e: Nearest Support Zone is $6.00, which it broke, then $5.00 and $3.50. The nearest Resistance Zone is $7.50, then $10.00.
ICP: Pullback in UptrendThe Internet Computer (ICP) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($3.50-$5.00), indicating bullish trend reversal, price also broke above $6 resistance with big volume, resuming Uptrend and reached our target of $7.50 where it was met by profit taking selling from traders. Pullback near $6 support could be an attractive swing entry in Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $6.00 (previous resistance), then $5.00. The nearest Resistance Zone is $7.50, then $10.00.