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ICP

Possible short downside to 47-48$ for a retest of support.We are going higher for the past 3 days, but volume is getting lower on each day. RSI is showing a small bearish divergence for the past days. We have not yet retested the brake out line and 50day EMA with a red candle. This is just an idea, because we cannot go up in a straight line. We are still in an uptrend and ICP will reach higher targets in next days, weeks. Everyone is just publishing the positive here, so lets keep in mind some small bearish scenarios too. Keep it safe and have an awesome day! Hit a like if you appreciate my thoughts.
by UnknownUnicorn26369879
13
ICP is left out of the market, What's best zone to buy?ICP is one of the highest potential coins in cryptocurrency market but its moving in a range between 55$ and 40$ since 2 month ago! This coin can see 78$ or higher, If this coin can consolidate its position above 40$ the next targets can be 78$ or higher for this coin. The trend line I drew on the chart must be kept to see a breakout of current upper resistance and then a huge move up to 78$ as the next target. Best zone to buy this coin is after breakout of the upper resistance IMO. Your Likes And Comments Are the best Thank You. Profit is Yours!
Long
by TahaZargar
2
ICP coming soon for a move to the Upside.After the break of Structure, as we can see the price is coming back for a complete retrace, which is a good sign, because price might be coming for the retest on the Daily trend line that has been broken, and which is in confluence with the lower trend line of the ascending channel and also the decision point (there are different type of decision points). And that might be a very clear area of liquidity. So if price can come to that area and we notice signs of rejection and bullish signs, which other confirmations, then we might also bag some ICP coin with a target of 30% on spot. NB: Always trade the market structure and not the trend of the market. And this is not a financial advice and trade with caution, using strict risk management. And always be reactive and not predictive. :)
Long
by PrimeTradeX
1
$300 ICP by EOY?I believe that something like this could be the trajectory for a $300 USD ICP by the end of the year. In the near term we could see a test of .001 with a rejection back to the diagonal line of resistance. This rejection would be provably due to a combination of BTC ripping up and/or a market correction. Assuming that BTC lands somewhere around $100,000 by EOY I think that once FOMO kicks in ICP could see a bounce back to the .382 fib level which would land it at .003 BTC/$300 USD.
Long
by CryptoNCoffee
1
ICP - great buy opportunity or another overhyped projectLaunched few months ago. Instantly placed it in the TOP 10 by Market Cap, but since then only dumps occurs. Available for trade on all major exchanges (Binance, Coinbase, Bitfinex, Huobi etc.) It looks like it is in accumulation and waiting for its moment to shine. Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon. For new project on this level, it will be very unlikely not to moon very hard when people spot it. All take profit levels are market on chart. Always leave some for price discovery territory ;)
Long
by Philippe_0x
6
ICP | Bullish PullBack After a breakout it is time for a nice and clear pull back to get more buying flow and increase volume, we need to wait for a 4H candle to close and confirm a bullish continue which will create a bullish channel. We are also expecting to see micro traders using high margin are joining big money players that lead to FOMO price action. ICP price at 47.10 USD, based on our forecasts for price increase is expected to be around +420.00%. - Our option for #ICP is WAITING FOR A CLEAR 4H CHART CONFIRMATION. It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Trading & Investing both are the master of RISK. Please comment, like and follow if it was helpful for you. Thank you for your time. Have a profitable day. | Review and analysis by Samadi.Finance |
COINBASE:ICPUSDLong
by AliSamadiTR
$ICPUSD BULLISH CYPHER AND PENNANTInternet Computer Coin Price & Market Data Internet Computer price today is $50.10 with a 24-hour trading volume of $466,881,382. ICP price is down -0.6% in the last 24 hours. It has a circulating supply of 180 Million ICP coins and a total supply of 469 Million. If you are looking to buy or sell Internet Computer, Binance is currently the most active exchange. What is Internet Computer? Internet Computer (IC) is the world’s first blockchain that is capable of running at web speed at unrestrictive capacities. Built by the DFINITY Foundation, IC aims to recreate the web by supporting smart contract development at scale and changing the way people can interact using web services. Internet Computer aims to extend the public internet, so that it can be the world’s computing platform, in a decentralized manner. Internet Computer sets to revolutionalize the design of the crypto economy, with an aim to overhaul traditional software services. The project was founded in October 2016 by Dominic WIllams and have raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital and such. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking it a major milestone for ICP as it means the internet now functions as a decentralised global computer. This is marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token that allows tens of thousands of community members to govern the Internet Computer network. ICP is Internet Computer's native token. It plays three prominent roles: Network Governance: Users that participate in the governance will be rewarded with ICPI Production of Cycles for Compute: ICP can be converted into cycles where it is used as the transaction fee to access the network. Cycles are burned after used. Rewarding Users: ICP is used as the rewards to incentivize users to participate in the network such as securing the network. How does ICP work? The decentralised network of ICP is hosted by a series of data centres of multiple nodes. Different nodes from within different data centres are pooled together and referred to as a ‘subnet’. Each subnet can host its own Proof-of-Stake blockchain by using a unique consensus model known as ‘Threshold Relay’. There are two important pillars that charge the operations of ICP forwards: Chain Key Technology: Chain Key Technology is a 48-byte public chain key that enables Internet Computer to operate at web speed, allowing transactions to be finalised in 1-2 seconds. Though this is impressive, this is nevertheless insufficient, because a faster speed is needed to provide competitive user experiences, requiring responses to be provided to users in milliseconds. Chain Key Technology solves this further by splitting smart contract function execution into two types, known as ‘update calls’ and ‘query calls’ – where update calls take 1-2 seconds to finalize and query calls can be executed in milliseconds. Network Nervous System (NNS):The NNS is responsible for managing everything from ICP’s economics and upgrades to network structure. The NNS is hosted within the network itself, and it acts as an autonomous ‘master’ blockchain with a public key to validate transactions in the ICP network. The NNS will also instigate proposals to a vote, such as the onboarding of new node machines, which are then voted upon by users who have their ICP tokens locked up. NNS is essentially the governance system whereas neurons represent the voting power. How does ICP differ from other coins? One of ICP’s objectives was to solve the scaling problems experienced by Ethereum, without compromising on security or decentralisation. For example, EOS has previously been criticized for such a compromise. Internet Computer claims that it can finalise transactions in 1 to 2 seconds. This fares far beyond Bitcoin’s 10-minute duration and Ethereum’s 15-second duration (depending on network traffic). The Internet Computer claims to have a block rate of 2.5 blocks per second (bps), with the expectation of improving it till 1,000 bps by end of the year 2021. Importantly, ICP addresses a problem far beyond merely solving Ethereum’s shortcomings as its wider objectives are to take on the $370 billion cloud computing market, and decentralize the public internet wholly. How do I get ICP? ICP can be purchased on exchanges such as Binance and Coinbase. You can browse through the various centralized and decentralized exchanges by heading over to our exchanges page.
COINBASE:ICPUSDLong
by BADQOMOCAWGOWLD
1
Will the recent scam wick repeat or can we hold the trendline?At this moment there is 40/60 chance of us dropping to 40$ range like week ago or holding the new trend line after yesterdays breakout. The chart looks exactly the same, but what's better this time is, that we did break above downtrend and EMAS are crossing as a bullish sign which did not happen last time and if we can keep 48$ then the drop is invalidated. Keep and eye out at this moment as its a break or make move today happening. Leave your thoughts and have a safe trading! Hit a like and follow if you would like to get more updates. Thanks and have an awesome day!
by UnknownUnicorn26369879
16