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ICPUSDT

Update For ICP/USDT Analysis 📈📉📈📉 As you can see on the weekly and Daily timeframe for the pair of ICP and usdt , It has grown well in recent weeks and has been able to grow by more than 30%. And as you can see, the logarithmic diagram gives a slightly different view with the linear one, and in the linear diagrams, it has been able to break the downward trend line (white) in the daily time frame and become a dynamic support. But in the logarithmic chart we see another downtrend that is now a resistance and if it can break it again I expect more growth. And as always guys , keep it in mind , all the market follows BTC movment and react it . ❌resistance zone: $42-45, $70-75 ♻️support zone: $22-24 -------------------------------------------------------------------------------------------------------------------- tips: 💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.) 🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) . ✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭 🙏with Best Regards
Long
by PRO_SMART_Trader
ICPUSDT Analysis (+70% potential from here in short term)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. Entry: market and lower TP: 30 - 34 - 38 after first target reached move ur stop to breakeven Stop: under 20 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward 1 to 6 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas!
Long
by trytofeelpositive
4
ICPUSD ACCUMULATION COMING TO AN ENDThis is an update to a chart a posted awhile ago noting the buying range for a good price during accumulation. I believe the accumulation phase is coming to an end. I was criticized heavily when I posted the last chart due to ICP's perceived performance since listing (which was the day before the May drop LOL). However ICP entered an accumulation phase which looks very similar to a standard wyckoff accumulation pattern. Anyways, I believe the uptrend has begun. I have noted the resistance and support zones on the chart which will touched while ICP consolidates for the next push. As long as BTC behaves itself, I would say things are looking pretty good. Thanks again everyone!
Long
by mysticalwalrus
8
Wyckoff Accumulation SchematicWhat Happens After Wyckoff Accumulation? Once the Wyckoff accumulation is over, the price will move sharply higher as demand will exceed support. Buyers will experience an impulsive bullish pressure in which most money is generated from a buying position. In the accumulation schematic, the trading range represents the space between the SC low and the AR high. While secondary test usually happens when the market drops near the selling climax region to retest and confirm if the intense selling pressure is prolonged or ended. Generally, during the accumulation phase, the price remains sidelined for range-bound trading after a strong downtrend. Larger players build positions and eliminate retail traders from the market by creating hopes of a further drop in the price. Once smaller fishes are confident about the price drop, bigger players aim to move higher after filling their positions. According to Wyckoff, there are six stages in the accumulation phase. These stages include: ● PS — Preliminary Support: The preliminary support appears after a long bearish trend. Traders may experience a high volume and spread widening. It is the first indication that the selling pressure will end, and buyers may control the price. ● SC — Selling Climax: In the second step, the price begins to sell off, violating PS. This is a panic selling phase. After a while, the price may reverse after exhaustion, when the spread might extend to an extreme level. In the end, the price may close far from the low with a long-wicked candle. ● AR — The Automatic Rally: This part can be disastrous for sellers. After the violent selling pressure of the SC, the price reverses and recovers all the movement shown toward the sellers’ direction. This phase indicates that short sellers are covering their positions. The high of this movement determines the high of the range, which is a significant barrier for most buyers. ● ST — The Secondary Test: After the AR, the price will go lower again but controlled. In this movement, sellers’ volumes should be higher, and there may be multiple secondaries in the price. ● ST — The Spring: In this phase, the price will perform a hard test of recent lows that will mislead traders. After watching the spring, average traders will consider the market trend bearish and start selling trades. However, the price should show a swing failure pattern and move up after a shakeout. This phase is prevalent with altcoins that have bottomed out for a considerable time. ● AS — Accumulation Schematic: The last stage of the accumulation cycle. The price should break out from the range with an impulsive bullish pressure and confirm the upcoming bullish trend.
Long
by Crypt0_Ninja
5
ICP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. ICP is sitting around a strong round number 20.0 so we will be looking for buy setups. on DAILY: ICP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ICP would be overall bearish can still trade lower till the lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ICPUSDLong
by TheSignalyst
15