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ICP

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. . 💚🚀💚
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by Yaroslav_Krasko
1
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.
by MyCryptoParadise
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 $5.00.
Long
by altFINS
ICP/USDT Secondary trend. accumulation channel. Reversal zoneLogarithm. Time frame 3 days. In a month there will be the last unlock of coins in August. Now the price is in the price zone - ICO 2018. The accumulation channel is currently 431 days. A fractal structure is observed with a previous exit from a local triangle. He showed two options for a local interchange in the accumulation zone: 1) exit from the local triangle as before. 2) and with the removal of stop-loss (descending pennant). The first significant resistance zone after exiting this accumulation (a large bowl is formed) is around +300% (not price lows and highs, but an average value). This is what it looks like on a linear price chart. Main trend. ICP/USD Main trend. Reversal zone. 911 (publication 3 11 2022). the main trend (all trading history) at the moment.
Long
by SpartaBTC
27
ICP targets for 2024-2025BINANCE:ICPUSDT ICP underrated now and all indicators shows the potential big move Possible Targets and explanation idea ➡️Risky asset but with potential big move ➡️Monthly timeframe ADZ indicator in huge accumulation ➡️Direction indicator on monthly lay down at the bottom ➡️First resistance will be 2 local M-gap's 11.28$ ➡️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. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
4
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
Long
by MyCryptoParadise
1
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!
Long
by MyCryptoParadise_Simon
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
Long
by MyCryptoParadise_Simon
1
Positive Reaction and Potential for GrowthICP has shown a continuation of its previous trend, reaching the low point known as the ATL (All-Time Low) in the price range of $3.50 to $3.35. Notably, there was a significant positive response when the price touched this area. This led to the activation of many buy orders, causing the currency's value to increase by 30% and reach the range of $4.40. However, the upward movement faced strong resistance at the midline of the channel, preventing further growth. As a result, there is a possibility that the currency may retest the support levels in the range of $3.70. To predict future movements, it's essential to observe how the price behaves in the $3.70 range. If there is a positive response in this area and clear signs of a trend reversal on lower time frames, we could expect the formation of a twin bottom pattern, potentially leading to price growth in the coming weeks.
by MonoCoinSignal
6