CUP AND HANDLE SET UP $ICPThese rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns'
Hi guys, cup and handle set up on ICP.
1. Previous to 1st cup lip rise in price > 30%
2. Right cup lip around the same price as left cup lip
3. Length of cup > 7 weeks.
4. length of handle > 1 week.
5. Invalid if daily close below 50% of the cup
These rules are based on Thomas N. Bulkowski
Targets are on the chart.. would suggest running a trailing SL to get max returns on this one.
Like and follow if you found this of use.
Not financial advise.
ICP
ICP- Time to riseSince the beginning of May, ICP has started to form a cup and handle pattern with the handle made in the last days which is about to be broken.
A break above short-term resistance followed by a break above 10 figure could lead to further gains to the important 15-16 zone resistance.
I'm bullish as long as the recent low is intact
Nice Technical tradeLooks like this is being pulled along by bitcoins current rally and the momentum has cause the price to break up and out of the previous ascending range/channel, retested the break, now currently developing support on top of the previous resistance.
This is crypto, odds are longer, trades are more fragile because liquidity can trap you.... This is really just for fun and if anyone follows this trade, they should be prepared to lose all deployed capital and possibly even more through incidental costs and tax liabilities.
THIS IS NOT FINANCIAL ADVICE, THE ONLY ADVICE IS TO MAKE YOUR OWN TRADES
ICP impulse, and a potential Great Short!BINANCE:ICPUSDT
COINBASE:ICPUSD
BYBIT:ICPUSDT
Internet Computer (whatever that means) ICP had a massive move, 32%, on a tiny 3.4mil in Volume (not $, just tokens). This was a parabolic move, shorting ICP is high risk, as general stats are yet to show weakness.
General Stats:
Daily RSI: 63.35
Daily Volume % change: 150.20%
Setting up a Short trade , I'll see how it reacts to a recent Golden Pocket, 7.90 - 7.80
Price must break below the GP
Price retests GP and gets rejected
Short Entry around: 7.8
Short Target #1 : 7.40
Short Target #2 : 6.70
Short Target #3 : 6.27
In 4 day ICP will have 14 Monthly red candlesI dont know if this is the first coin EVER with 14 monthly straight red candles, but i expect a bull run atleast as long!!!
Name me 1 other coin with 14 monthly red candles without having 1 green one inbetween, absolutely insane...
Their for i expect a minimum of 14 monthly straight green candles in return.
ICP will go tru the roof very soon! Complete oversold in my opinion!
Internet Computer (ICP) forme bullish Cypher for upto 32% pumpHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP )
On a daily time frame, ICP has formed a bullish Cypher pattern.
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.
Internet Computer vs Tether (Huge 300%+ Potential)The Internet Computer (ICPUSDT) is still trading below EMA10 weekly, which signals short-term bearishness but we can expect things to change.
The huge increase in trading volume in late May is what gives it away.
And the potential is big here... Over 300%.
This pair remains oversold... Again, things will change.
Note: Remember to have a plan/strategy ready before you decide to trade.
There is always risks involved...
This is not financial advice.
Thanks for the support.
We'll see you tomorrow.
I am done. I have books to read.
Can't be here playing all day.
Namaste.
Is #ICP ready to big movement ?Hello SorooshSchool guys ,
As you can see , #InternetComputer in it's USDT pair retested the base level at the area of 6.5 dollar and if total start continuation to the upward , #ICP can make good movement from current support area
Targets are marked on the chart
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LUNA2 Trend Entry shortThe simplest setups are the best, LUNA2 has broken its uptrend and entered a downtrend. The entry was based on the break of the uptrend support.
Entered short at 2.13, expecting to hold this one a while as LUNA2 slowly dies a death.
Poor fundamentals in a weak market.