Icp - bearmarket ahead? If ICP doesn't brake above the ristance, I see a bearmarket till next year!
My targets are then 10 dollars!
Everything depents on the big investors, if they are not willing to buy soon. Bearmarket it is.
Maybe they need to wait after court untill things are cleared out? And show some more usecases before big investors are willing to buy?
Time will prove, but I still don't see enough buying power. More rejections and dumping then real support to be honest.
Plus we are dealing with a double top also..
Brake it ore make it. ICP haves a few mountains to climb anyway...
ICPBTC
ICP - 12h. Growth prospect to $100The last weeks of trading on the cryptocurrency market give us all intrigue and uncertainty. The price of bitcoin stopped at the critical range of $48,000-50,000 and market participants calmed down. Over the past 4 weeks of trading, volumes have steadily decreased weekly from $38 billion per day to $27 billion.
The fall in daily trading volumes of bitcoin has reduced its impact on other cryptocurrencies and made it possible for new and easy crypto projects to "shoot". Therefore, while the bitcoin market is now drifting at low volumes within the limits of consolidation, we will talk about the ICP cryptocurrency.
Weekly, we analyze the TOP-10 cryptocurrencie s by daily trading volumes and record a video forecast for the week. Unfortunately, ICP did not make it into this TOP, but it got as close as possible to it.
With a trading volume of $1.36 billion per day, ICP ranks 12th and is as close as possible to the notorious DOGE ($1.6 billion). However, if you compare the local trend of these two coins, you can see that the ICP market is building a trending movement up and is ready to continue to grow.
On the chart, we can see that the consolidation in the ICP market lasts longe r than in the DOGE market. Considering that bitcoin allows alcoins to independently move their prices, the main question for an investor is which cryptocurrencies will start growing first?
It is known that there are not enough new volumes on the market for all cryptocurrencies to start growing at the same time. Therefore, first of all, you should choose those coins that have already proven their strength both in trading volumes and in activity. On the chart, we see that the ICP price did not allow updating the local lows on August 18 and 27. At the same time, DOGE is successfully updating the lows and its buyers are not yet showing any desire to actively buy.
In this example, we have shown two types of altcoin s that are currently available. The first type, such as SOL, SAND , ICP, are ready for new peaks, while others - DOGE, DOT, BNB and others - strive to continue consolidation.
Some specifics on the ICP market
The main achievement of buyers in the recent period in the ICP market is taking control of the range of $53-56:
The chart clearly shows how important this range is for market participants. Buyers have broken through this range at high volumes and now the process of consolidation is underway to continue the growth to $100. Depending on how strong the turbulence in the cryptocurrency market will be, the ICP price can start growing from either $64 or $57.
For long-term investors, this range is good for buying. In this case, the risk per position will be approximately 10-13% . This cryptocurrency is in our long-term portfolio and in the portfolios of our long-term partners, whose deposits we manage.
In case of an error, the ICP price on large volumes should first break through the $53-56 range and subsequently fix below it on a large timeframe (start consolidating). In this case, the fall in the price of Internet Computer will continue to the range of $40-45. This is another liquid zone where we will gladly buy this cryptocurrency if there is such a chance.
P.S. For the most conservative investors, you should control the ICPBTC chart and enter only after retesting the liquid range 0.0015-0.0016
It is at the moment of price fixation above this range that the security level of entering a position will be maximal.
ICP is a must buy! Everything under 100 dollars for icp is a must buy!
The moment this thing would hit the 10 dollars, I'm going to trow all my money that's possible in to icp.
Lots of people have no idea how much potential DFINITY haves.
If you have ANY knowledge of developing you know that icp's price haves no limits in the future.
Motoko is allready on its own a guarantee that the price of icp will be huge in the future.
I'm telling you 20K per token on some point in the future is more then realistic!
So it would be nice if we see a good crash, so those who understands can buy the shit out of ICP.
#Thanks to all the people of Dfinity for making the internet-computer possible. I admire the the work you guys did over the years, and I'm crazy about Motoko! Can't wait to see how many things will be developed with it
ICP is close to the refill zoneHey Traders,
The chart shows my trading plan for $ICP in the near term. We've got a nice impulse going but this obviously will depend on BTC. I think we get an opportunity to refill our bags between $52 - $48 range, I plan on scaling in here with a stop loss below $47 (below $47 would invalidate that we're in an impulse). I think we could ride this sub wave 3 of the larger three wave to the 1.618 or 2.618 fib extension, $95 or $120 zones respectively (red boxes). I've drawn out the more conservative estimate ending at the 1.618 fib extension (TP1) ending the sub wave 3 but we could definitely see it extend up to the 2.618 (TP2). If sub wave 3 goes up to 2.618 fib extension, then I would need to update the chart because our ending wave 5 would be much higher. The yellow wave count looks to be our overall count while the light blue wave count is the sub waves comprising wave 3 of the larger yellow wave count.
I'll update when necessary,
Cheers!
This idea is just that, MY IDEA, you should formulate your trading plan based on your own opinions and never follow someone else without doing your own research!
$ICP EXPECTING TO SEE A 100%+ MOVE SOON!!!ICP Perfectly touched the 0.618 level after kissing the 60$ which was the 0.236 level. I believe it a Go from here Guys!
0.382 level (the next major resistance is around 80-85$ which is more than 100% from here) LG!
Looking at 4h on BTC Pair we have Also RSI bullish divergence clear as sun!
Let's go LONG ;)A clear breakout has occurred in the 4 HR timeframe. The price might continue to go lower above the descending trend line but it seems that it cannot reach lower than 20$. It may take a while for a sharp start, but high targets are reachable within the next 300 candles in the 4 HR timeframe (300*4 HR=50 DAYS). This coin has a great fundamental situation.