ICP
Sub $10 ICP?Ok folks, we have to look at every possibility for ICP and even though in my opinion this could be the bottom we have to take into consideration of more downside risk.Where could we go?
In this chart you see that we could possibly be in a descending channel. The bottom of that channel places us around $10 right now.
Yes. It sound's insane. A sub $10 ICP but we have to go with what the chart tells us and not with our emotional bias.
I'd encourage you to have some powder in the bag just in case.
ICP consolidation is almost complete with upcycle potentialICP has been in a downtrend since September 2021. Since then, the price had clear distribution zones. Current pattern is a consolidation zone and possibly the first accumulation of the next upcycle.
I will be bidding gradually in the next days for the next swing trade.
Best of luck to everyone.
$icp roadmapI expect to move until the bearish trend line and point of control.
also we may see bullish divergence in daily time frame.
ICP Most bullish chart in top 100?Okay, everybody is super bearish right now and bullish perspectives are far and wide. Hopefully we can separate ours emotions from what's happening in the charts and see that ICP actually has an extremely bullish set up and you may not get another chance until the real bear market to buy at these prices.
Note: I normally use log charts but I'm finding that a linear chart works better. So you will see some of my previous analysis on log charts but I am going to be switching to linear charts from now on.
1) ICP broke out of a long term diagonal line of resistance in the beginning of January. You could say the most recent drop was simply a bullish retest of the diagonal line of resistance.
2) The break out was a bullish breakout out of a falling wedge. UNLESS this is a fake-out we can expect expect to see prices go to the red box.
3)Volume has picked up significantly. Signaling that the break out was not a fake out.
4)Weekly RSI is bullish af. It's in deep oversold territory plus the bullish divergence is really out of control.
How can you look at this set up and be bearish? Of course anything can happen and BTC just brings the market down further but if we take our emotions out of the equation and only look at ICP's chart. This might be the best set up in the top 100 cryptos.
What do we need to see happen?
We nee to see a clear break out of the $38 range. Until then we're just messing around in the dirt. A break of $38 and holding it as support is as bullish of a confirmation as you could as for.
2 Scenario for ICPICP is a victim of VC's. I have no idea why the the team messed up on tokenomics so much. I believe ICP drawing a Falling Wedge on Log Scale. It touched the lower band of that falling wedge. Since it is a long run investment for me, I bought some ICP on 19$. There is a FED meeting on 26 and I believe Market will decide its direction after that meeting.
In any case, Lets make our guesses.
Scenerio 1: ICP will increase to the 30$ range and break that pattern to upside and more increase can be expected.
Scenerio 2: ICP will increase to the 30$ range and fall back to the lower band again... I hope not, but I am still saving some money for this case.
This is my trial. Not a financial adviice.
ICP ready to explodeICP recently had strong move upwards after touching ~21$ This was supported by big volume. But due to recent price action of BTC the Dfinity token has taken a dip, but is being supported stronger than BTC!! while btc is down -5% icp is only trading around -3%
and this is at suddenly lower volume than the previous move upwards.
imo, current price (anywhere below 24$) is a great price for ICP.
We could still see some movement downwards in BTC which leads me to believe we could see between 21 - 22 for ICP..
but hard to know now. Keep watching btc movement closely.. soon as BTC bears are exausted, ICP will move up very quickly.
Good day,
Long ICP (50%)- My TradingHello everyone!
BTC and Atom have been in line with our expectations.
Of course Atom's Trade can be closed.
So we updated with 2 new charts.
We feel that ICP, like most copycats, has reached a staged bottom. Prices will go up until Saturday.
Buy ICP at 27.5~26.5
SL at 23.5
Goal 28.3
Final target 38.5~40 (WTF, more than 50% profit)
ICP is at a critical pointICP is in a downtrend and is possible it will go lower as it is explained, if it bounces above the last line we might see an uptrend if not there is a high possibility ICP will visit under the 20s soon.
icp/usdthello hello,
got one more ~
icp might be in a larger wxy
if this is indeed the case, wave Y should in theory move up in 5 waves to $46
it could also move up in 3 waves, which would take slightly longer to play out.
overall - looking real bullish right now.
Wave Y target = $43~$46
Huge Cup and handle formation ICP One of the best Web 3.0 Project which has been on Down trend since the ICO.
As per the Market Sentiment all the VC firms and early investor has dump der bag.
Possible Change of Trend.
Watch it closely and keep adding the same to your bag for Huge profits.
ICPHigh risk trade call: ICP has made a double top on RSI and there is a divergence on the 30min chart and the hourly chart. Buy 10% at current price and another 10% if it gives an hourly closing above EMA15 hourly.
Stoploss: Below 28.5
Target: Top of the trendline.
ICP/USDT Zone Support 28$/30$Hello''' The $ 28-30 area can be a good area. To return the price, STOP LOSS should be a little less than $ 30.After the defeat of the bearish trend, the price can reach its next resistance, which is at $ 44-58
Flux reached the bottom of the global triangleFlux exited the small downward triangle and reached the lower boundary of the more global triangle.
With a high probability (if BTC won't make any sharp moves) the price will now move to the upper boundary (~$2.88).
$ICPUSDT - needs to break up from $38 then uptrend starts. $ICP$ICPUSDT - needs to break up from $38 then uptrend starts.
Looks like it is bottoming out . break out from long term down trend line is just around the corner.
ICP USDT , Long ItICP is on Uptrend . It brake Dynamic and istatic Resistane and pullbak to it , You can long it now
Icp potential break outNot pro advice:
In a small uptrend. Consolidating in a flag w big bull candle. RSI and stoch looking good. 37, 45, 57… then big decision on where it goes from there
