ICP (spring?) ICP is in accumulation, right now price is squeezing between two fib levels. Next fib time is on 6 December 2021, can we get a bounce?! Hard to know but we all know that at some point ICP can pump hard, because is a weird coin with big room to grow, I like it! Now you might say that 0.272 is not fib number (well who cares if is well respected on all coins including bitcoin. Don't ask me where I get that number btw:) Peace!
ICP
Internet Computer ICP, ICPUSDT pair Trade Ideas Bullish
1) Three white soldiers
2) Support at 37 and no major resistance till 48
3) Triangle Chart Pattern
Bearish
1) Making Lower Highs
2) Trend line resistance near current price
3) Fib 0.23 retracement level at 43
Trade Plan 1
SHORT
1) Entry Current Price i.e.41.9
2) Stop Loss : 43
3) Take profit : 40
Trade Plan 2
LONG
1) Entry When Candle Closes above 43
2) Stop Loss : 40
3) Take profit : 47.5
ICP is near a strong support zone, I expect to see a bounce!ICP Short term Analysis
ICP is ranging from 18 November near this strong support area, 40$ area is a strong support as you can see.
I expect to see a breakout of this descending trend line and pumping up to 55$ area Which is next major resistance.
Buying here in spot can be a good choice whit Good R/R and proper W/R.
ICP Investment PlanThis is not a trade idea. ICP is an asset. It will be a valuable asset in long term.
This is an investment plan.
There are lot's of reasons that you should invest the ICP.
-Price is on the capitulation period.
-You can earn ICP if you stake. Here is the calculation: networknervoussystem.com
-NFTs are HOT in IC.
-De-Fi coming, canisters now will be able to hold ICP.
-True Web 3.0
-No gas fees.
-Instant Transactions.
-There will be bitcoin integration in the near future, it will be open the doors for a trillion dollar asset.
-ETH needs a real front end, direct eth integration.
-Great Team (180 People, most of them are scientists)
Who else is accumulating ICP in the dips?ICP is one I have been grabbing every time we dip, consistently getting it around 38.50
Has been trading in an accumulation range for 170+ days , OBV signals the higher low over all accumulation trend
ATH is +6600% above
Now price is beginning to squeeze between trend and demand area below the 40ish, break from this trend hopefully sets us on a path upwards - though some more sideways price action is not unexpected. money to be made going sideways too, trading range relation lows to highs is roughly +100%, -50%
Who else is accumulating in this range? I like to think some much bigger buyers than me :)
Coincidence or price manipulation? I had not seen this before on chart. It has happened 3 times in last 2 months. Will it happen again and we might approximately predict the next correction day? This is just a wild idea that i noticed on chart, this is not a trading advice. But keep in mind these dates (22-24 november) and lets see what happens.
internet computer (ICP) awesome opportunity to BUY!!! Hi again traders!
at first i thank you guys for your support of my previous analysis (BTC) :)
now i have currency for you which didn't rise based on recent other coins and its a good shot to catch the bird!
ICP hit our lower trend line 3 times and failed to break it also our upper trend line which was broken before touched again(pull back) that shows a MTR pattern and due to these reasons we expect an huge rally from ICP
by the way ICP had a massive drop since past 3 months and its good for long term investment
ICP market cap rank : # 28
ICP trading Volume : 23% increased since 24h ago
ICP Breakout!Long sleep of this good project make it plunged to the bottom. But now ICP is gaining momentum. 1H timeframe shows a breakout from a falling wedge pattern and having a small pullback to get some support and its already cross 200 EMA
Entry: 44-45$
TP1: 50$
TP2: 56$
High selling pressure probably will be around 50+$, so be cautious, take partial profit is always wise decision
#DYOR