ICP needs to range sideways to gain buyer confidenceICP has been one of the worst performing assets in the market. However, it has very strong fundamentals with a ecosystem that is growing at breakneck speeds.
With all of the mistrust surrounding ICP in the markets, I think ICP in the short term is likely to visit ~$22, but NEEDS to range sideways for a considerable time gain buyer confidence again and make serious moves to the upside. The seller momentum is likely to be be high still and any gains seen may be quickly erased.
So if ICP ranges sideways for a month or two it is likely to attract more buyers to and gain real momentum in the upside again. Bulls need to defend the $15-17 support range.
ICP
Long for ICP after a long compressionSince the initial public launch, This coin has gone through severe compression. As you can see in the chart, the Price action had shaped a wedge from Jan 22 till March 22. Moreover, the price area of 14.5$ _ 15.5$ has proved to be an unfailing and trustworthy foundation.
Plus if you consider the price chart with RSI simultaneously in Daily timeframe, you'll see a perfect Divergence. What made me more excited about this setup was another divergence of Price and RSI in WEEKLY timeframe.
Although There are no certainty in financial markets analysis, which by the way this one is no exception, I find this coin and this setup highly rewardable and although I have defined the 14.5$ as the bottom line and SL price, but I would recommend to those who are tolerant and also thrilled with experiencing real risks (who will see tremendous Profits in their lives) to stick to their position and Add to it on 11$ and 6 $ and wait for it to get to 52$ and 70$.
🆓Internet Computer (ICP) Apr-12 #ICP $ICP
ICP is retesting the bottom of 16$ and is a good opportunity for us to buy ICP. In the near future, ICP may increase strongly to the $24 zone or even stronger. However, if it loses this $16 zone, we need to be careful because it can fall very strongly to the $14 or $12 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 21 - 24
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 12
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ICP/EUR Long price and correction predictionHi there!
Posting my idea about ICP/EUR long time correction and price prediction. Please be aware, I'm not financial advisor, please do your own research! I'm posting these ideas for everybody to see and comment and, let me know your thoughts or predictions.
In my opinion, ICP has a chance to get bullish again.
TP 1 60-80 EUR
TP 2 95-115 EUR
TP 3 130-170 EUR
SL if breaks under 13 EUR
P.S. I'm new to posting ideas and this is my first one, thanks for your understanding.
P.S. Full disclosure, I own a notable investment of ICP coins and stake it it NNS dApp for 8 years time, I also own a bunch of coins to trade
<ICP> support and resistance zone. 20$, 40$, 60$,100$I present the idea of who trades the ICP instrument, the levels are for informational purposes, the price can be at any point, everything is at your own peril and risk. At this moment, we have a seller who sold hard and aggressively in the zones of 100, 60, 40 and 20 dollars, the last sale in the region of $ 20 was broken, a buyer appeared, let's see what distance he can withstand, it all depends on the zones of the seller, and they strong, be very careful in these areas. My target and scenario is a five-wave buying structure to the $100 zone, but things can be different and you should be ready for it. All profit.
ICP LONG SETUPMarket just finished 1-5 Elliot wave bearish and broke the trendline, we are forecasting to see pump to the 50% zone, because market formed an institutional candle zone while going down. Also we should see a bounce down at 50-61.8% fib zone of the fifth wave and bounce back up after retracement forming an ABC correction.
Entry: 22.21 (after a retrace because market already formed an institutional candle)
Invalidation: 17.96 (below recent HL)
Target: 47.29 (50% fib zone and an institutional candle zone)
🆓Internet Computer (ICP) Apr-04 #ICP $ICP
ICP is accumulating in the 20-22$ zone so it can continue to move up to the $26 and $30 zone. The selling has also decreased as it can't make the ICP drop any more.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 20$ zone
🔴Buy : 22 - 20
🔴Sell : 26 - 30
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 20$ zone
🔵Sell : 20
🔵Buy : 17
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section