ICP shortTotal Market:
- Falling back during consolidation, expecting another retest of support
Daily:
- Broke below daily support
4H:
- broke below support, retested and turned resistance, got rejected @ 20 EMA & formed a bearish engulfing candle close. Current 4H candle currently rejecting higher with wick
1H:
- Had Bearish engulfing breaking out of short term uptrend line
Trade Management:
- Plan on adding to position upon breakout of low / 1.0 fib extension level
Stop loss: 18.81
- Inside of strong previous support, above local high
Take profit: 13.44
- 1.618 fib extension level (all time low so dont have price to the left to use as a potential target point)
ICPBTC
ICP/USDTOn a daily timeframe, ICP is trading near the major support of $38 - $40 and has already tested it. You can open the position near the support area. The local resistance is $44 area, and the major resistance is $48.5 - $50 area. ICPUSDT is suitable for the mid-term. The next support after $38 is the $34.
ICP - is going to breakout this resistance?A trend line can be identified on the ICP chart. Yesterday the price made a false breakout after which the price corrected slightly. In case of a squeeze and a repeat breakout, there could be a good buying opportunity. A squeeze and breakout of the key level of $22 could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
2 Scenario for ICPICP is a victim of VC's. I have no idea why the the team messed up on tokenomics so much. I believe ICP drawing a Falling Wedge on Log Scale. It touched the lower band of that falling wedge. Since it is a long run investment for me, I bought some ICP on 19$. There is a FED meeting on 26 and I believe Market will decide its direction after that meeting.
In any case, Lets make our guesses.
Scenerio 1: ICP will increase to the 30$ range and break that pattern to upside and more increase can be expected.
Scenerio 2: ICP will increase to the 30$ range and fall back to the lower band again... I hope not, but I am still saving some money for this case.
This is my trial. Not a financial adviice.
#ICP daily candle closed below the supporting up trendline#ICP daily candle closed below the supporting up trendline and price dropped back to the support/ flip zone too. Currently, price is still bearish, so no buys unless any sort of confirmation. If this support break then we can see easy drop till $24.
By @cryptoAXEN
ICPUSDT Ready To Take OffICPUSDT (Day Chart) Technical analysis update
ICP/USDT currently trading at $35.00
Descending channel formation
Buy level: $35.00- $38.00
if price breaks above the resistance level , we can expect big up move.
TP 1: $55.00
TP 2: $75.00
TP 3: $100.00
TP 4: $125.00
Stop loss:$22.00
Max Leverage: 1x or buy it on spot market.
ICP, what should we expect in the near future?Today let's analyze the global and local picture on the ICP chart.
ICP broke the global trend line. After that, we got a strong impulsive move towards $38 level, which currently acts as resistance. It is worth highlighting the big volume at the bottom of the chart. This is a good signal. In case the resistance is overcome, the price is likely to head towards the next marked area.
Locally, we would like to highlight the key level and increase in volumes at the bottom of the chart. In case of breakdown of the key level, there could be a good opportunity for buying.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Fundamental Self amusement by shibainuSo you just say comp shib icp ... I mean you pick a random tp generator(which is low to high) then you navigate through a set of similar price structure then you suddenly see icp and comp as if their fundamental must correlate to the price range of TP
Disclaimer: a part of my new adventures is to learn Egyptian hieroglyphs, wanna say be careful with me. I also add that the concept of absolute is not normal but as you see a concept can stand above many other popular(floor of pyramid) concepts, like news (:). We found icp by the chart which is the objective of the post.
ICP setting up nicely on the daily chartSimple analysis on ICP pair based off previous ATH, using trend lines and resistance.
Possible strategy for entry and exit points shown below:
Entry - 31.59
SL - 27.80
TP1 - 34.03
TP2 - 38.02
TP3 - 50.98
TP4 - 57.24
Personally I will be taking profits along the way, but holding it until the end. Good luck!
ICP - broke out long downwards trendlineNext resistance is around 40$, let's see how it turns out.
Internet Computer has great upwards potential, it is in long accumulation, just to reach previous ATH it will gain over 700% from current price!
Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon.
Check my previous analysis for more project details:
ICP/USDT 44% profit within week#ICP/USDT
$ICP currently trading at $33
And We shared entry at $22-$25
Now almost 44% Profit from our entry zone.
$ICP trying to break Big resistance at $42
So Let’s see it will hit or not
And if hit then Break or not.
Now You can book some profit here.
Support:- $28/$20
Resistance:- $42/$75/$128/$300
ICPUSD buying opportunityDear traders
In our opinion the current situation in ICPUSD chart is a typical fakeout. ICP broke below the crytical support and created new low. Taking into consideration the current market conditions (extended fear and potential bullish breakout for BTC) , we expect ICPUSD to come back into the range soon.
27 - 80 usd is an accumulation range. Once we break it, ICP is going to fly. However, we expect longer accumulation (6-8 months) .
Multiple profit taking levels for those who wants to trade inside the accumulation range.
Hodlers shouldn´t be worried. Buy , hold and be patient. Patience is a key.
ICP dumped hard like every new coin. Remember CRV listing? Where is CRV now? Don´t sleep on ICP
This coin may be the best bet for 2022. Strong fundamentals.
Moreover, web3 sector is going to have its hype in 2022
No financial advice
ICP will explode in 2022Recently we have published ICPUSD analysis.
Simple analysis based on ranges.
We expect ICPBTC pair to outperform bitcoin in 2022.
ICP may be one of the best performing altcoins in 2022.
Don´t sleep on ICP .
Targets like in the chart. However, if we get rejected at the short-term resistance, we may see further downtrend and new lows.
Trade smart
No financial advice
Is ICP going to break this resistance?A local trend line can be identified on the ICP chart. The bulls tried to break this trend line, but it ended up as a false break. After that, we see a continuation of the decline. Now the price could come down below the low and collect liquidity or try to break the trend line again and head upwards. In both cases, a breakdown of the trend line could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.