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Icplong

ICP → Pullback to Support Zone Over? Time to Long? Almost!ICP ran three pushes up in an ascending wedge reaching $16.33, followed by a pullback with three pushes down and a strong bull signal. Is it time to long? How do we trade this? 🤔 A long entry could be justified here. Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $16.33, followed by three pushes down in a micro-bear channel with strong bull signal bars, and we have a good follow-through bars leading up to the price action being just above the Daily 30EMA. What would give us maximum justification is a re-test of the Daily 30EMA as support to add probability to our long. However, I do not believe this is required to justify a long entry. I believe we need to be conservative longing at this stage in the crypto market, which is why I only advocate for a 1:1 scalp at a lower-than-maximum position size allowed for your trading strategy. I think Bitcoin and Ethereum have a larger pullback on the horizon, but do believe the market will come up a bit before it goes down. 💡 Trade Idea 💡 Long Entry: $12.32 🟥 Stop Loss: $9.15 ✅ Take Profit: $15.50 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three pushes up into an ascending wedge. 2. Micro Bear Channel forms with three pushes down. 3. Strong bull signal bars on each push down. 4. Not required, but suggested to wait for re-test of Daily 30EMA as support. 5. RSI at 57.00 and above the Moving Average, supports long bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
ICPUSDT.4HBased on the provided market data for the ICP/USDT pair, the current price of ICP is $12.187. The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, is 41.2 for the 4-hour chart, 63.22 for the 1-day chart, and 91.34 for the 7-day chart. This suggests that ICP is neither overbought nor oversold in the short-term (4h), while it is approaching overbought conditions in the medium-term (1d), and is significantly overbought in the long-term (7d). The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, is negative for the 4-hour chart (-0.271) suggesting a bearish signal, but positive for the 1-day (1.772) and 7-day (1.644) charts suggesting bullish signals. The Bollinger Bands (BB), a volatility indicator, for 4-hour, 1-day, and 7-day charts are -0.325, 14.945, and 12.298 respectively, suggesting a downward trend in the short-term, but upward trends in the medium and long-term. The support levels, which are the levels at which the price seldom falls below, are decreasing as we move from short to long-term charts, indicating a bearish trend. The resistance levels, which are the levels the price seldom surpasses, are increasing as we move from short to long-term charts, indicating a bullish trend. In conclusion, the ICP/USDT pair seems to be bearish in the short-term but bullish in the medium and long-term. The 7-day RSI suggests that ICP may be overbought and could be due for a price correction. However, these are just technical indicators, and other factors such as market news and overall market sentiment should also be considered. Always perform your own research before making any investment decisions.
by MarsSignals
ICP targets for 2024-2025BINANCE:ICPUSDT ICP underrated now and all indicators shows the potential big move Possible Targets and explanation idea ➡️Risky asset but with potential big move ➡️Monthly timeframe ADZ indicator in huge accumulation ➡️Direction indicator on monthly lay down at the bottom ➡️First resistance will be 2 local M-gap's 11.28$ ➡️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
Internet Computer (ICP) formed Gartley for upto 121% rallyHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer (ICP) with US Dollar pair. Recently I shared a short-term trade setup for ICP, which is still in play as below: At the same time, on a long-term weekly time frame, ICP has formed a bullish Gartley move for massive price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
ICP what is next?ICP broke the support that I implemented on my previous analysis due to the FUD about Banks and stuff, so it went down to the stronger minor support (4.40-4.60$). The direction of the market is still uncertain. Therefore, I would like to show two possible scenario in here. First, ICP can bounce back from this minor support. If it does, I strongly beleive that it will go up to 9-9.80$. If the support doesn't hold, then our strong support is at 3.50$. This is not a financial advice. It is just for fun.
Long
by Dantefe
(ICPUSD) has good growth potential to values of $14.30Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000. Altcoins currently have good entry points for a mini alt season. Stop profit trade at a 1:7 ratio. I have selected coins that are interesting to buy in this mini alt season and that have potential for growth. — The coin ICP is a buy point at $6.20 — The zone ICP for profit-taking is $14.30
Long
by UnknownUnicorn285026