long ICP$ICP broke through the resistance level. Bullish movement to resistance level at 4.97$ is likely to happen.
ICPUSDT
ICP's price trend was in the low-range timeframes!During the last two weeks, ICP's price trend was in the low-range timeframes. After the last bearish wave took the price to the $3.5 support level, we could have expected a range trend with a positive reaction the next day, November 10. In the second encounter to the support of $3.5, a positive reaction has been observed again. But the resistance that prevents further price growth is considered in the range of 4 to 4.17 dollars. which has prevented price growth many times in the past few days. As you can see on the daily time frame, the price is in the upper half of the long-term descending channel, and on the other hand, the failure to break the $3.5 support could be a sign of possible upside for the medium term.
For the short-term, an ascending channel has been broken downwards in the 1-hour timeframe, which short-term upward movements can be considered a pullback. Short-term support is in the $3.60-$3.62 range, and a positive reaction is expected from this area. Therefore, if we have support in the market and the floor of $3.5 is not broken, we can expect the price to grow to $4, $4.6, and $5 targets from this range.
ICP 2 possible senecios One is that we have broken the trendline and we will continue up
two is that we have double topped on an order block and we are going to play that out if it starts to look that way i will update targets
ICPUSD decision time - short termWhat we can see on the chart is a symmetrical triangle pattern .
Take a position only if/when the price breaks out of the triangle.
If the price breaks down, enter short.
If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck
ICP Unchained?Bearish Idea
ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5.
Bullish Idea
FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a chance ICP to get rid of it's chains. In that case, if it can break the upper trendline(the black one), then we could expect more rise up to 9.80.
For the both case, I think we should wait for the comformation.
Not a financial advice. I am just correcting my previous graphs.
Time For ICP?ICP looks like drawing "double buttom" formation. The project is really good but the coin continues to dissappoint people.I believe FTX is still manupilating the price. I hope it raises from its ashes.
This is not a financial advice. It is just a guess.
45% for ICP with patienceI like ICP because this coin is more than 98% down from ath and it is technicaly buy without any doubts. Very nice PA here with green engulfing bullish daily candle...there should be some small pullback = my buy area = before it will go higher... i am aiming 25-40%. GL
MANAGE YOUR RISK
ICPUSD one more drop is still possibleWhat we can see in the chart is a head and shoulders pattern.
If this pattern plays out , we will see 30 % drop
$4,20 may be a good price to buy more ICP if we get it.
Long-term we still expect $80 .
Short-term $4,20 would NOT be anything surprising.
Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
Bearish Scenario For ICPWe should always consider the two scenario, Bullish and Bearish, for the market. I already shared my Bullish idea about ICP with the double buttom formation. Now, let's consider the bad scenario. ICP looks like copying the same pattern which it did on May-June 2022. If the price goes down from 4$ we could expect huge dump on the price until 1.40-1.50$. Unforutenately it still could not break the ressistance trend line so we should be carefull on this coin.
#ICPUSDT Bullish breakout rade setup: Bullish breakout from Falling Wedge pattern, which can be a reversal pattern (bullish) once price breaks out. Price could rally to $7-8 resistance area. (set a price alert).
Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $5. The nearest Resistance Zone is $8, then $10.
ICP rdy 🕊After 425 days of price drop and about 98% drop.
Finally, the trend line was broken and this could be a good sign for #ICP
Is it time for $ICP long?Almost all Alts look the same, Bitcoin consolidation will not stay forever, this setup will be valid if we get a Bitcoin breakout to the upside and this can only happen when FED starts to cut interest rates after CPI decreases.
ICP/USDT Local trendLocal trend (part of the secondary), clamping in the lower part of the channel (which was formed after the huge descending wedge broke down under the market dump). Logarithm graph. Timeframe 1 day.
Coin in coinmarket : Internet Computer ICP
Line chart.
Main trend
This is a wedge that was broken down after +40% growth and an unsuccessful retest (rationality under the market movements).
ICP/USD Main trend.Falling wedge
This is how the main trend looks now after the market dump. Pay attention to which zone the price is now.
Line chart. 3 days timeframe
Possible trend reversal Looks like ICP has found it's floor price around 4.59
Have a nice double bottom, which usually indicates selling pressure exhaustion.
Running out of room and expecting a nice move soon.
As always the safest entry would be a retest of a breakout.
NFA and DYOR 🌞
They should come out with BTC integration testnet late November, which could be huge.
That means they will tokenize an on-chain Dapps which allows users to send/receive BTC without bridging.
I would consider this as a midterm hold.
Happy trading
ICP/USDT READY FOR A 50% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ICP/USDT trade setup.
ICP looks bullish here. Breaks out from the falling wedge-like structure in the daily time frame, expecting a good 40-50% rally from here. Buy some here and add more in the dip.
Entry range:- $5.2-$5.5
Target1:- $5.9
Target2:- $6.6
Target3:- $7.2
Target4:- $8.1
SL:- $4.9
You can use low leverage here (2x-4x) according to your risk appetite.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ICP going to 27$ICP fell from $380 to $5, over 98% correction
At the moment, we can hope that it will climb up to the $28 range by breaking its downward trend line.
ICP is touching the bottom of the wedge againICP is forming a somewhat WEAK BULLISH pattern.
It is at the bottom of the wedge again + doing a mini double bounce -- > both of these are bullish signs . But it's not enough to confirm a long term bullish trend.
If the coin does rise in price, the first level of resistance is the ORANGE line, where upon passing this, it has a high chance of going up.
Rejection:
The first proper and very strong resistance zone for it to get rejected at is exactly where both the FIB 2.618 and top of descending wedge meet. that would be around the $8.6 mark.
I doubt it will get there, and just be rejected $7.69 --> fib level.
Even if it breaks that, there is no guarantee of it going up because it's still lacking the volume.
My estimate is that it will get rejected at this spot and come down again ... if it even goes up to begin with.
ICP Hello Dear friends .
Plan Long
Buy in case of breakout at 5.33
SL Close daily (Possible Spring Yellow Zone)
NFA
ICP bullish scenarioThis is my view on ICP from technical perspective :
The correction from 31 th July - now is not as deep as correction on btc
Still higher low from 18th June low
The 31th July high could be an impulse wave (volume confirmed)
Any further correction below $5.2 would be a good opportunity to have spot position
Invalidation at below $4.6
(not financial advice)
ICPUSDT 1500 % gains - huge bullish diverencesThere are huge regular bullish divergences on weekly timeframe .
Bottom may be already in or it´s very close.
Huge potential long term: 1500 % gain
DCA every 25 % drop if the price breaks below the last low.
Solid project with a big team.
Web3 projects may perform very well in the next bull market.
DAY 13: #ICPUSDT (#LONG)More trading signals and their results, in my channel, link in the description
DAY 13: #ICPUSDT (#LONG)
1% of the deposit
Margin: CROSS
⚖️Leverage: x10-20
🗝Entry point: 5.250-5.300
🎯target 1 - 5.505
🎯target 2 - 5.731
🎯target 3 - 5.986
🎯target 4 - 6.287
🎯target 5 - 6.823
❌stoploss: 5.094
(PENDING ORDERS - 5.160 2%)
ICPUSDT /1D
Currently, the price is fluctuating between 5.60 and 6.
The first support limits are $5/$5.50. Most likely, the price in these ranges will be associated with a positive reaction. If it is accompanied by a lot of selling pressure, further correction may be made. To enter, we must wait for the confirmation of the candlestick in these ranges. 💹
The important resistance range of 6.20 for a positive price trend should be above the stabilization range so that the next resistance range has a positive movement.
It is important to maintain the range of 4.64
what do you think about it? 🙂
Speculative conspiracies - the bad optionThe power of 3
At the moment the price is in a range, then I guess there will be manipulation and expansion because before every big move there is a shakeout, after that, I think if there is good news around bitcoin integration the price will try to fill the gaps! The idea is speculative based on time range and proportions!
