ICP
ICP- Break of resistance and 50% rise afterICP is one of the coins that I watched closely and, as explained in my previous analysis, a break above resistance could lead to up acceleration.
Now, the coin is flirting with resistance and is pressing for a break
As long as the price stays above 4usd the trend is bullish and a genuine break of resistance could lead to a rise of at least 50%.
🔥 ICP Long-Term Trend Shift: Short-Squeeze PotentialIn the past I've written many times about ICP's terrible performance and price action. It was one of the worst performing tokens of the last 2.5 years, with a serious risk of never going up again.
But, where there's pain, there's also opportunity. With ICP losing over 99% in value in 2.5 years, it has some serious potential to pump. Not saying that we're going to see new all-time highs, but a move towards 100$ is still in the cards.
The weekly RSI has hit it's highest level since ICP started trading on Binance. This is a bullish metric in itself.
Furthermore, with ICP being so weak, it was a shorter's dream come true. I reckon there's a lot of shorts currently wondering whether to close their short position or to leave it open.
If BTC (and alts) continue to rise, ICP will rise with it, making more and more shorters close their positions, which leads to even more bullish price action since they have to buy their positions back. This could cause a short-squeeze in ICP's price.
All in all, I think it's quite possible that ICP's lows are in and that we're going to see a long-term trend shift.
ICPUSDT"As we enter the bullish season, the initial target to aim for is
target : 68 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
ICP Shakeout Below Pivot: BULLISH🚀 Internet Computer (ICP) has charted a promising course in the crypto waters with a significant breakout pattern – the cup and handle. This bullish setup, combined with a substantial triangle breakout, suggests that ICP is gearing up for a significant uptrend in the near future. 🌐🚀
Setting the Stage: The Triangle Breakout
ICP recently made a notable move by breaking out from a substantial triangle pattern, signifying a potential shift in its price trend. Triangle breakouts are essential indicators of impending price movement, offering traders and investors an opportunity to capitalize on emerging trends.
Cup and Handle: A Bullish Prelude
Adding to this momentum, ICP displayed an intriguing cup and handle formation on its daily chart. The cup and handle pattern is a classic sign of a bullish trend continuation. It reflects a temporary consolidation phase, like sipping from a cup, followed by a strong, upward move, akin to the handle of the cup. This pattern is revered for its potential to push prices higher.
Trading Strategy: Navigating the Crypto Seas
For traders and investors, ICP's recent price action and patterns are noteworthy. It's crucial to observe these developments and consider them as part of a comprehensive trading strategy. Implement effective risk management to navigate the often unpredictable crypto market.
Conclusion: ICP's Voyage Into Bright Waters
Internet Computer (ICP) is embarking on a voyage into brighter waters, marked by a triumphant triangle breakout and a classic cup and handle formation. These patterns signal the potential for bullish price movement in the coming days and weeks.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Feel free to share your thoughts and insights on ICP's chart developments. . 💚🚀💚
ICPusdtICP is good coin with good fundamental.
but i think this cant got highers targets i try best targets on best time on this bullrun can got that i show you.
gl
EntryPoint:
3.775
3.517
3.325
3.140
Supports:
2.895
2.612
2.290
2.138
Resistances:
3.984
4.428
Targets:
4.923
5.725
6.939
8.859
10.060
12.086
Midtime:
17.034
21.730
29.670
HODL:
41.781
53.348
72.775
102.572
126.761
GOAL
178.661
GL
ICP/USDT Break the descending channel, Bullish Momentum for ICP 💎 ICP has certainly grabbed our attention. Currently, ICP has broken out of the descending channel pattern, marked by a robust volume and a pronounced green candle. As it stands, ICP is positioned between supply and demand zones, making it prudent for us to await further confirmation.
💎 While ICP hasn't yet undergone a retesting phase post-breakout, there's a likelihood it might gravitate towards the demand level at $2.983 for a healthy correction, setting the stage for a potential upward surge. However, should ICP directly breach the supply zone, it could swiftly ascend to the next supply level.
💎 On the downside, if ICP exhibits a false breakout and the demand zone fails to hold against selling pressure, ICP might revert to the strong support zone. The bullish outlook would be jeopardized if this support is breached and a candle closes beneath it.
ICP: Approaching ResistanceThe Internet Computer (ICP) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has reached our target of $3.50. It is now overbought (RSI ~ 70) and could pause briefly. Trends are improving but price needs to break above the 200-day moving average (~$4.16) to confirm an Uptrend.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $2.87. The nearest Resistance Zone is $3.50, which it broke, then $4.50, and $5.00.
ICP/USDT Secondary trend. accumulation channel. Reversal zoneLogarithm. Time frame 3 days.
In a month there will be the last unlock of coins in August. Now the price is in the price zone - ICO 2018. The accumulation channel is currently 431 days. A fractal structure is observed with a previous exit from a local triangle. He showed two options for a local interchange in the accumulation zone:
1) exit from the local triangle as before.
2) and with the removal of stop-loss (descending pennant).
The first significant resistance zone after exiting this accumulation (a large bowl is formed) is around +300% (not price lows and highs, but an average value).
This is what it looks like on a linear price chart.
Main trend.
ICP/USD Main trend. Reversal zone. 911 (publication 3 11 2022).
the main trend (all trading history) at the moment.
🔥ICP Bubble has Burst: Time to Pump the New OneICP fell by -99.8% after the listing! I condole with its investors.
But the downward movement is fading, which is good, because in such conditions, the accumulation phase usually begins. ICP still has $1.5B of capitalization and lots of developers work on it.
💥I'm pretty sure ICP will show it's potential dugring Bitcoin bull market.
like❤️ and follow
Check the links and get a BONUS🎁 from me👇
ICP targets for 2024-2025BINANCE:ICPUSDT
ICP underrated now and all indicators shows the potential big move
Possible Targets and explanation idea
➡️Risky asset but with potential big move
➡️Monthly timeframe ADZ indicator in huge accumulation
➡️Direction indicator on monthly lay down at the bottom
➡️First resistance will be 2 local M-gap's 11.28$
➡️Main target for now is a liquidity over 87$
➡️What we can't know its a timing
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ICP/USDT upward momentum? 👀 🚀 ICP Today Analysis💎Paradisers, turn your focus to ICPUSDT! Our observations indicate that it's currently positioned within a demand zone, and after accumulating liquidity, it's priming for a bullish ascent.
💎Delving deeper, we noticed that after breaking free from a descending channel trendline, it embarked on a commendable upward journey. However, it faced rejection from an overhead supply zone. Currently, it's regaining its bullish momentum, and there's a strong likelihood it will challenge the supply zone once more.
💎 Another key point to consider: should the price OF ICP breach the 3.039 demand zone level, anticipate a downward shift, potentially reaching another support level at 2.938.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Internet Computer weekly falling wedgeICP weekly has formed a bullish falling wedge pattern which has a high probability of breaking out to the upside If the worst is behind ICP and this looks the case now then this breakout might see some nice gains off the bottom Risk tolerance differs greatly between individuals but we see a high risk trade with huge upside if we get on the right side of the trade considering the 95% discount from the top at these prices
ICP/USDT on the Verge of a Breakout🚀| ICP Analysis Today💎 Paradisers, Take Notes! ICP/USDT is on the verge of a breakout from its descending channel pattern. Observing the daily close candle is vital to confirm a genuine breakout.
💎 If LSE:ICP remains above the support trendline at this point, it will signify a confirmed breakout.
💎 Examining ICP’s past behavior reveals its steady stance in a Strong Demand zone. Observations denote that the asset has consistently created wicks to access an order block in the bullish OB, maintaining the daily close persistently above the robust demand zone.
💎 LSE:ICP has undergone multiple attempts to penetrate the descending channel, each encountering substantial rejections and subsequently reverting to the strong demand zone.
💎 The analysis could become obsolete if ICP retreats from the Bullish OB zone, possibly signaling a continued descent for ICP.
💎 Stay vigilant and remain updated!
ICPUSDTThis is a 1D frame analysis for ICPUSDT Taking into account that the price has reached close to our dynamic support area, we can expect to see an increase in price like before. However, keep in mind to always have your stop loss active, as if the price breaks below our support line, we can expect lower numbers. Those who don't want to take risks can wait for the price to go a bit higher and get more signs of an uptrend before entering the trade.
ICP/USDT bullish scenario?👀🚀 ICP today analysis
💎 It is currently navigating a consolidation phase while firmly gripping its support zone.
💎 The MACD leans bullish divergence, hinting at a potential upward trajectory post the consolidation breakout .
💎 Looking back, the price experienced a dip after forming equal highs. Additionally, a transformation of demand into supply further accelerated the downward momentum.
💎 There's a distinct unmitigated supply and bearish zone. It's highly probable that ICP will aim to address this imbalance soon. However, should the price breach the support zone, be prepared for a potential descent.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
ICP in the purchase zone !!!ICP is in the green zone of accumulation of position 7.430-3.365 and in the bright green zone of our purchase 4.493-2.637
Purchase level 3.491
The whole bright green area is a good price to buy!
The volume price is 5.262 orange.
+ The price is in a triangle, the expected output is in the area of 13.4
At the current price, this is a great option!
ICP LOOKS BULLISH (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You