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ICP

ICP - Broke The Trendline Hi, this is my new update for ICP. After 51 days we finally broke this beautiful trendline and today we are testing it to see if it was a fakeout or 100% breakout. We have big resistances around 15.00-15.80$ and at the same time we have also 50&100 SMA (green and blue line). Right now we have broken the trendline on both the chart and RSI. We are also testing the support level 12.30-12.50$ as long as we hold this support level I expect we are going to break the resistance 15-15.80$ in the next run. - My main target for the next couple of months is around 37-40$. - In the short-term (next couple of weeks) I expect we are going to test the resistance 20-23$. As long as the support level 10.50-11.70$ holds everything is fine, but if break it down then things will get ugly.
COINBASE:ICPUSDLong
by GOAT1375
ICP: MONDAY FAKEOUT AND BULLISH PUMP ! Internet Computer (ICP) has once again demonstrated its resilience by bouncing off a critical support level at $11. This price action suggests that ICP may be poised for a rebound and a potential continuation of its upward trajectory. Key Support Level and Reaction: ICP has consistently shown strong support at the $11 level, bouncing back from this zone on several occasions. This repeated reaction highlights the significance of this support level and the potential for ICP to find footing there. Anticipated Price Movement: While ICP has bounced off the $11 support, I anticipate a further downward move to retest the psychological round number of $10. This retest is a common occurrence in the market, as traders often pay attention to round numbers. Bullish Continuation Setup: The potential retest of $10, followed by a reversal, could set the stage for a significant bullish continuation. This price action would create a classic "bullish flag" pattern, indicating potential upside momentum. Abundant Liquidity Above Trendline: A crucial factor supporting the bullish outlook is the presence of significant liquidity above the downward trendline. This liquidity pool could act as fuel for a strong upward move once ICP breaks through the trendline. Conclusion: ICP's recent price action at the $11 support level suggests a potential rebound and continuation of its upward trend. The anticipated retest of $10, followed by a bullish flag pattern formation, could pave the way for a substantial price surge. The abundant liquidity above the trendline further strengthens the bullish case.
Long
by Yaroslav_Krasko
📈🔍 ICP Long Trade Analysis 🔄💼Trade Overview: ICP presents an opportunity for a long trade, with an entry point around $12.00. Given the recent market volatility, it's crucial to manage risk tightly. Trade Setup: Entry: Consider entering the trade around $12.00. Take Profit: Target profit levels at $13.75 - $15.00 and the next resistance area at $16.50 - $18.00. Stop Loss: Place the stop loss just below $11.70 to mitigate risk effectively. 📊🛡️ Exercise caution and closely monitor ICP's price action for trade management! #ICPTrading #CryptoAnalysis 📉🚀
Long
by Richtv_official
ICP Pomp to 44 % ?We have been supported by an upward trendline for a considerable period. However, for the past few days, we have been trading below a downward trendline, and the consolidation is intensifying. Both bullish and bearish scenarios are worth considering. In a bullish scenario, we could anticipate a breakout above 13.97 with the specified targets in mind. Conversely, if the price breaks down below the 11.93 zone, we could accompany the downtrend until the 8.99 target. Which direction are you anticipating?
by Crypto-Oracle1
ICP - a pig of a chart, but signs of secret coiling nonetheless?I'm heavily invested in ICP and most of it is locked up for a minimum of 8 years, so yes, I'm biased... I think this has got to be THE most undervalued project in all of crypto. And so I'm perpetually disappointed with the uninspiring ICP/USD chart. What IS going on with that? Nothing to hold onto, nothing to indicate the price is coiling up, ready to spring out of its pattern and finally surprise crypto-heads the world over. It's easy to draw a teal arrow, and the one drawn in this chart - as anyone can see - is not grounded in T/A. In fact, one could clearly make the case for a disturbing trend of ever less convincing highs (red curve) with chances of a drop down more likely than a pump up. Also, there is a lack of significant historic support, which makes trading ICP uncomfortable. And I'm not saying that a drop is unlikely to occur. ICP has been taken on by crypto heavyweights in the past and may be pounced on again in the future. BUT, there is another way of looking at ICP and of trading it responsibly (if trading is ever responsible). I suggest that for trading purposes, it is much better to use the ICP.D chart (first chart below) or the ICP/BTC chart (second chart below). These are very similar, but my preference goes out to the ICP.D chart which shows the history of ICP market cap dominance. This is a personal preference, related to my favourite way of calculating Fibs. The ICP.D chart has some interesting recent runs and drops that - interestingly - the ICP/BTC chart lacks. These pumps and drops allow fibs and trendlines to be drawn and also show some support by significant moving averages on the daily chart. A triangle is the main feature (on both these charts) and we're right at the bottom, pretty close to some other support features (MAs). This makes me think that ICP IS in fact coiling up with investors in silk slippers accumulating ICP sneakily. But you can make up your own mind of course: I've always has a lively imagination. Now, if I had even more appetite for ICP accumulation (which I don't - I'm already out on a limb) I'd consider buying the day we see some long bullish confirmation candle. With a relatively short stop to be activated in the event of a weekly close below the triangle. That'd be a neat and potentially responsible trade. Note I've also added the weekly ICP.D chart with a crazily optimistic trendlines for peeps that are on my ICP buss... (chart at the bottom)
BINANCE:ICPUSDLong
by Fractaleer
7
ICPUSDT.1DOn the daily chart for Internet Computer (ICP/USDT), the price action is showing signs of a potential trend reversal. After a period of decline, indicated by the descending trendline, there's a notable bullish candle that has broken through this trendline, which might suggest the beginning of an upward movement. The price is currently at $15.566, with the next key resistance level at $17.734. If the price can sustain above the trendline and move past this resistance, it could indicate a stronger reversal and the beginning of an uptrend. The support level at $10.954 is critical; holding above it is important for the bullish case. For traders considering a long position, entry near the breakout with a stop loss below the most recent swing low could be a strategy, aiming for targets at the resistance level and potentially higher if the trend continues. Conversely, a drop below the support level may signal a false breakout and a resumption of the bearish trend. As always, monitoring volume for confirmation and employing proper risk management is advisable.
by MarsSignals
ICP/USDT Shows the price will back test before back to upward!💎 Paradisers, the recent market dynamics surrounding #ICP have indeed been noteworthy. 💎 Previously, when ICP hit the support, it bounced back, and now it appears that the price will retest the support area. However, if ICP fails to bounce, the next likely stop is the Bullish OB area. 💎 A potential scenario could see a strong bounce if ICP reaches the Bullish OB area. If this occurs, there's a possibility that the price will resume its upward movement and head towards the strong resistance. This aligns with the overall bullish trend, characterized by consistent higher highs. 💎 On the other hand, if ICP breaks below the Bullish OB, it may signal a shift to bearish sentiment, resulting in continued downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
ICP- Correction over and rise to 22 next?As you're aware, I've been very bullish on BINANCE:ICPUSDT during this bull cycle, consistently predicting growth, with the last target at the 20 zone already achieved. Following this encounter with resistance, the coin began to reverse course, entering a correction phase, and yesterday it reached support at the 15 zone. I believe the correction may be over now, and I anticipate a new upward movement, possibly reaching levels around 22.
Long
by Mihai_Iacob
6
Estimating fair value for ICP (short, medium and long-term)Some notes on ICP’s future price potential. I’ve been trying to get a sense for the price gains we may expect from ICP going forward. Obviously – given the mountain of innovation that the project team has already delivered – the project is greatly undervalued, but what would fair value look like? I think a good metric to use is Market Dominance, expressed as the percentage of the total crypto market value (or top X crypto stocks) that the fully diluted market cap of ICP contributes. Currently that’s about 0.32%. Looking at historic stats of market dominance of other ‘key’ coins, this is low. TON is sitting around 0.8%, MATIC historically reached up to 1.25%, AVAX up to 1.32%, DOT up to 2.25%, SOL up to 3.6%, ADA up to 4.5%, XRP up to 30%. ETH is currently sitting at ~16%. So, in acknowledgement of the enormous amount of work and development being generated by the team in the ICP ecosystem, it’d be reasonable to expect ICP’s market dominance to significantly increase going forward. Without going crazy, I think 3-5% is achievable in the medium- to long-term. And that’s in a rapidly growing market… bringing us to the second metric I wanted to talk about: Crypto Total Market Cap. Currently the entire crypto market is valued at ~US$2.66 Trillion. That’s approximately equal to the market cap of Apple (US$2.62 T) – one single company! So where can the crypto total market cap head to from here? Finding a reasonable ballpark may require having a look at the dot com bubble back in 1999, which topped at something like US$13 T, loosing US$5 T in value in two years. So perhaps US$7-8 T is not too silly as a short- to medium term target (considering a 2024 dollar is worth not much more than 50 cents in 1999) and perhaps double or triple that for the long-term as the crypto market gets a proper foothold in the world economy. So where that leave us ICP hodlers? Well, if we combine the awesome potential of ICP in shaping the crypto world going forward (market dominance) and the growth in the crypto ecosystem as a whole (crypto total market cap), it may not be insane to expect ICP to increase in value by 10x in the relative short term, 25-50x in the medium term and potentially 100+x in the long term, provided the project continues the course and does become a major crypto leader. As depicted in this figure. Hodl those ICP!!
BINANCE:ICPUSDLong
by Fractaleer