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ICP

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
Short
by WhoIsWu
1
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.
Long
by AlanSantana
14
ICP Simple short setup failing to break resistanceSimple short setup on ICP. It has been in a long downtrend for a considerably amount of time as it is a poor fundamental crypto. Combined with market conditions, the recent increase in price action is unsual, leading me to believe it is weak and will fall easily on the next BTC down day. Setup presented as this looks to be reaching resistance, which was previous support. Entered short, will hold for a long time as this could be going way below 6 with prolonged bad market conditions.
Short
by cheliosTD
3
ICPUSD No overexcitement about rise. Observe this potential top.The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be concerned of this 1 week trend and a potential continuation. As you see on this chart, every time the price broke above the 1D MA50 since November 2021, it didn't stay there for long and resumed the long-term bearish trend. This time period is depicted by the blue circle. As a result, if the price exceeds this limit and hasn't made a Higher High, best to sell ICP back towards its 4.60 Support. If on the other hand it breaks above the circle, buy the break-out targeting the top (Lower Highs) trend-line of the Megaphone. On the long-term, only a break above the 1D MA200 (orange trend-line), is technically capable of reversing the sentiment to bullish. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ICPUSD
by TradingShot
4
Internet Computer Chart Analysis Multiple TF (Plan Ahead)This is the daily chart for ICPUSDT (Internet Computer)... It goes straight to the point, the signals: 1) Higher low; 2) Strong RSI; 3) Bullish breakout... Now let's look at the weekly timeframe which is the one I wanted to show you. We will use the TD Sequential with candlestick reading. These two do good together since the Japenese used to count the candles as well. ICPUSDT Weekly Timeframe (main chart) We have a very strong downtrend/bear market, going on on the left side of the chart. After March downward momentum builds up. We end up with a Doji 13-June. This Doji at the bottom of a trend is a perfect textbook reversal signal. This is supported by the -9 candle right before it, signaling that the move is already going for too long. We are likely to see a trend reversal. For trades, strongly bullish above $4.60. Secure profits on the way up... It will get confusing after 2 weeks but this is only a relief rally which will be followed by red; planning is necessary for success. Namaste.
Long
by AlanSantana
6