ICPUSD one more drop is still possibleWhat we can see in the chart is a head and shoulders pattern.
If this pattern plays out , we will see 30 % drop
$4,20 may be a good price to buy more ICP if we get it.
Long-term we still expect $80 .
Short-term $4,20 would NOT be anything surprising.
Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
ICP
Bearish Scenario For ICPWe should always consider the two scenario, Bullish and Bearish, for the market. I already shared my Bullish idea about ICP with the double buttom formation. Now, let's consider the bad scenario. ICP looks like copying the same pattern which it did on May-June 2022. If the price goes down from 4$ we could expect huge dump on the price until 1.40-1.50$. Unforutenately it still could not break the ressistance trend line so we should be carefull on this coin.
ICP/USDT Local trendLocal trend (part of the secondary), clamping in the lower part of the channel (which was formed after the huge descending wedge broke down under the market dump). Logarithm graph. Timeframe 1 day.
Coin in coinmarket : Internet Computer ICP
Line chart.
Main trend
This is a wedge that was broken down after +40% growth and an unsuccessful retest (rationality under the market movements).
ICP/USD Main trend.Falling wedge
This is how the main trend looks now after the market dump. Pay attention to which zone the price is now.
Line chart. 3 days timeframe
ICP/USDT READY FOR A 50% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ICP/USDT trade setup.
ICP looks bullish here. Breaks out from the falling wedge-like structure in the daily time frame, expecting a good 40-50% rally from here. Buy some here and add more in the dip.
Entry range:- $5.2-$5.5
Target1:- $5.9
Target2:- $6.6
Target3:- $7.2
Target4:- $8.1
SL:- $4.9
You can use low leverage here (2x-4x) according to your risk appetite.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ICP bullish scenarioThis is my view on ICP from technical perspective :
The correction from 31 th July - now is not as deep as correction on btc
Still higher low from 18th June low
The 31th July high could be an impulse wave (volume confirmed)
Any further correction below $5.2 would be a good opportunity to have spot position
Invalidation at below $4.6
(not financial advice)
ICPUSDT 1500 % gains - huge bullish diverencesThere are huge regular bullish divergences on weekly timeframe .
Bottom may be already in or it´s very close.
Huge potential long term: 1500 % gain
DCA every 25 % drop if the price breaks below the last low.
Solid project with a big team.
Web3 projects may perform very well in the next bull market.
DAY 13: #ICPUSDT (#LONG)More trading signals and their results, in my channel, link in the description
DAY 13: #ICPUSDT (#LONG)
1% of the deposit
Margin: CROSS
⚖️Leverage: x10-20
🗝Entry point: 5.250-5.300
🎯target 1 - 5.505
🎯target 2 - 5.731
🎯target 3 - 5.986
🎯target 4 - 6.287
🎯target 5 - 6.823
❌stoploss: 5.094
(PENDING ORDERS - 5.160 2%)
ICPUSDT /1D
Currently, the price is fluctuating between 5.60 and 6.
The first support limits are $5/$5.50. Most likely, the price in these ranges will be associated with a positive reaction. If it is accompanied by a lot of selling pressure, further correction may be made. To enter, we must wait for the confirmation of the candlestick in these ranges. 💹
The important resistance range of 6.20 for a positive price trend should be above the stabilization range so that the next resistance range has a positive movement.
It is important to maintain the range of 4.64
what do you think about it? 🙂
LINK, DOT, FIL & ICP - Coincidence ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find these 4 altcoins interesting.
📌LINK, DOT, FIL and ICP have been stuck inside a range 5.0 and 10.0
For the bulls to take over, we need a break above the 10.0 round number and resistance.
Meanwhile, as we approach the 5.0 round number / demand zone, we will be looking for short-term buy setups.
What a coincidence! or is it? 😉
What do you think? Is there any correlation among these 4?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Falling wedgeThe falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
I very often see how at the end of a pattern the smart money takes advantage of the liquidity and that's why I think it's possible to see $5 or $4.50 for ICP as there we need to have an order because the price will very quickly go down there and come back quickly