ICPUSDT
ICP recovery to USDT 22.00 and above, short gain opportunityBased on TEMA 4-hourly chart, this is the beginning of the recovery trajectory and not a likely upwards trend. Profit target of USDT 19.90 is highly likely and USDT 22.00 and above very much possible within the next 96 hours or so. Stop loss IMO at USDT 18.39 or less.
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 $22 could also be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
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ICPUSDT AnalysisHello friends.
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Everything on the chart.
Perspective a couple of months.
Entry: market and lower
Target: 40 - 55 - 73
after first target reached move ur stop to breakeven
Stop: ~22 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
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Open to any questions and suggestions.
2 Scenario for ICPICP is a victim of VC's. I have no idea why the the team messed up on tokenomics so much. I believe ICP drawing a Falling Wedge on Log Scale. It touched the lower band of that falling wedge. Since it is a long run investment for me, I bought some ICP on 19$. 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