ICPUSDT - Long or Short? some thing we need to notice!BYBIT:ICPUSDT
1H trend chart
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Long
Price has stopped falling since hit high on 10/6 and keep consolidating now.
We can expect it is going to break out the long-term downtrend line.
If this downtrend line is taken out, there is a timing for entry.
But I suggest to long after confirming the price stands firm at $45.48(blue horizontal ray)
Short
A potential Head and Shoulders pattern is forming...
Therefore, should be very careful if the lower uptrend line is broken out.
I prefer to long it, so if it does as we presume above, trading strategy as below.
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Profit Targets:
a) 47.48----Fib(1)
b) 49.51~50.34----Fib(1.272~1.382)
c) 54.96----Fib(2)
Stop losses:
I will provide it depend on the timing I open position.
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ICP
ICP update. potential outcomeWe have seen ICP move to the upside but with BTC dominance going up, ICP vs BTC has been absolutely taken a hit. if you take a look at the ICP/BTC dominance its dropped off trend. depending on how BTC performs in the upcoming week, we could see most alt still struggle to gain any momentum. i drew a couple outcomes that could possibly happen, this ofc depends on BTC. at this point when BTC falls, ALTs will usually gain. ***NFA***
we could possibly see it come down to see the 34-35 range and at as a spring and shakeout majority of the traders and to trap the shorts. ICP is pretty volatile, i would take caution.
ICP falling wedge#ICPBTC
#ICP in BTC pair shows a falling wedge pattern, the only support I can see is the lower line of wedge, also RSI candles are forming this falling wedge, and the hope is that this indicator is in over sold zone. another hope for bulls is that green candle, that its close is above the open of previous candle. a break above upper line of falling wedge will move price upward toward the second resistance zone which is around 60% to 80% increase from here.
ICP Looking GoodICP with a nice double bottom there was also a nice cup and handle that played out in the shorter time frame. Id expect the RSI to cool off a little bit and give more room to run. I think we could see a drop back down to support before we blast off. This is all of course dependent on bitcoin moving sideways but even when bitcoin corrected a bit ICP stayed strong. Lets see what happens.
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₿ ICPUSDT 1D ₿ : 16.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, be free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 16.Oct.2021
⚠️(DYOR)
Internet Computer vs Tether Going Bullish (ICPUSDT #2)I've been drawing this chart several times now but my "wonderful" Apple laptop decides to reset the page each time and delete everything... Useless Safari/MacOS so I guess we get no drawings.
Here we have Internet Computer (ICPUSDT) turning now bullish and this supported by multiple signals.
We had a low back on the 20th of July after which a bullish move showed up peaking 6-September, we end up next with a higher low and things are starting to turn.
We can see the trading volume leaning towards the bulls/green.
We have prices moving above EMA10.
As a signal, the recent higher low between 26-Sept. and 13-Oct. cannot be overstated.
This is the giveaway telling us of higher prices.
I can't believe I wasted thousands of dollars on this laptop but ICPUSDT doesn't care and is ready to move up.
I've mapped mutliple targets for you...
There were better drawings... Sorry.
Thanks a lot for your support.
Namaste.
icp breakoutICP was consolidating lately but these double bottoms are promising its new direction. for more conformation we need that daily candle closes above the trendline and 50 moving average. bottom indicator shows little crossing movement which culd be exciting. in 1H chart the MA crossover has shown the first green candle after a little long. ICP has a long way to go.. keep and eye on it. have a green days.
ICP - can be easy 15%YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
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ICP butterfly pattern#ICPUSDT
$ICP seems is in a long term rising wedge, as you can see support zone is doing its job well and price is still above the support. also in RSI if we draw a support, candles hold the support too.
there is a butterfly pattern that if price break out from descending resistance, bulls can go trough the resistance zone to complete this pattern around $65.
ICP - PUMP! TP1 63$The uptrend line has been retested 3 times.
Especially in this 3rd time, the price continuously followed the uptrend line, showing indecision.
According to the time frame price runs, today or tomorrow the price will have a drastic change.
It can be an increase or it can be a decrease.
Waiting for the day candle to end everything will be clearer.
However, watch the candles retreat. Along with Current Trend BTC up -> Big Cap increases.
Therefore, I choose the option to increase, which means that the price will PUMP strongly.
TP1: 63$
TP2: 69$
TP3: 77$
long way to go*no financial advise*
*do your own research*
*brain on*
Internet Computer (ICP) is formed by an advanced decentralized protocol called ICP. ICP is the utility token that allows users to participate in the governance of the Internet Computer network. the protocol combines the power of individual computers into seamless universe.
Did you know that ICP represents the third major blockchain innovation besides ETH and BTC?
The base is in Geneva, Swiss.
The smart contracts run at web speed. Giants like Appple, Google, Goldman Sachs contribute to this system.
I drew the blue path couple days ago.
ICP HIGH 2831.02 USDT
ICP LOW 26.90 USDT
STOCH RSI is 0
Volume is pro seller currently
support zones are marked green
resistance zones are marked red
Fibo 0,236 gives us strong support
Fibo 0,786 would be posisbly a strong retest zone
If you decide to invest, please make sure it is a long way to go to gain profits.
If you are not sure and would like to wait, I would recommend the entry around Fibo 0.5
your money, your risk
good luck
ICP potential targetsWith BTC Price and dominance rising since last week. Most alt have been bleeding. ICP took the hardest hit but imo BTC is due for a correction and with ICP already falling nearly 30% ICP will hold up very well if BTC has a correction to the downside. Trend exhaustion. its heavily oversold.
these harmonic patterns are bearish but still needs to hit the target to become bearish. the D legs of these patterns have a possiblity of taking ICP near or past last highs before moving to the downside. NFA.
Use caution with these small cap ALTS.