ICP Wyckoff Accumulation PlayICP/USDT
1D Chart
ICP has been moving sideways since the July bottom trading in a range.
Using Wyckoff I’ve analysed the chart on the daily candle chart and it looks to be an accumulation play over many months.
Ive identified characteristics similar to stages of Wyckoff accumulation and marked it up. Using fractals from the previous price action, I’ve pieced together a generic approach of what price would typically do according to a Wyckoff accumulation model. The model is flexible as not all price action will repeat itself in the form of Wyckoff but variations creating the same setups occur throughout sideways price action. You could identify another 2 Wyckoff distributions in this chart alone so a degree of flexibility as price action develops is required.
This new low we have put in from the crash has a big wick showing a lot of buyer presence and very high volume showing the entry of the composite man at the low of the range (good sign). This low to me is the ST as SOW but could also be the Spring, only time will tell and provide us with confirmations.
ICPUSDT
Awesome moment for ICP / USDT !! ❣️✅✅
ICPUSDT
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Hey , guys !
Now is very good moment when ICP bounced the ATL ,
so we have awesome opportunities to buy ; )
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Add the coin to you watching list , guys !
Have an awesome profit , everyone ; )
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Visit more ideas here : @Professional_Crypto_Analytics
Best wishes ❣️
ICP My top pick for 2022This is not an Investment advice, please do your DD.
ICP has been a disaster since it came public but I think it could be getting ready for a recovery.
From my previous idea, I mentioned I expected a break out then but instead it has been consolidating.
The longer it consolidates the higher it will go.
It held up well this past week while the market crashed.
ICP is one I am looking forward to see how it does.
I presented two options here, one based on the continued selloff due to the new variant and the other if the crypto market recovers sooner.
ICPUSDT - POSSIBLE SETUP!ICPUSDT is living around silently at a crucial zone. It can give a hyper move. why? we are explaining the possibilities. it is lying on a strong support zone at 40.00, getting support from the trendline, at 78% fib level, and lastly ready to breakup the upper trendline. So, if bulls are warming up they can turn the move into the rally. So watch the price action we will update you. Good Luck!
ICPUSDT Elliot Waves (NFA)ICP is a very interesting coin with so much room to grow. I think ICP is in the end of E corrective wave, sooner or later we will see a move up. I don't like to make predictions but I will not be surprised to see over 100$ at least in the next weeks. Now this E wave can end here at 40$ or lower. Do your own plan and trade the plan! Peace
Internet Computer ICP, ICPUSDT pair Trade Ideas Bullish
1) Three white soldiers
2) Support at 37 and no major resistance till 48
3) Triangle Chart Pattern
Bearish
1) Making Lower Highs
2) Trend line resistance near current price
3) Fib 0.23 retracement level at 43
Trade Plan 1
SHORT
1) Entry Current Price i.e.41.9
2) Stop Loss : 43
3) Take profit : 40
Trade Plan 2
LONG
1) Entry When Candle Closes above 43
2) Stop Loss : 40
3) Take profit : 47.5
ICP is near a strong support zone, I expect to see a bounce!ICP Short term Analysis
ICP is ranging from 18 November near this strong support area, 40$ area is a strong support as you can see.
I expect to see a breakout of this descending trend line and pumping up to 55$ area Which is next major resistance.
Buying here in spot can be a good choice whit Good R/R and proper W/R.
ICP Investment PlanThis is not a trade idea. ICP is an asset. It will be a valuable asset in long term.
This is an investment plan.
There are lot's of reasons that you should invest the ICP.
-Price is on the capitulation period.
-You can earn ICP if you stake. Here is the calculation: networknervoussystem.com
-NFTs are HOT in IC.
-De-Fi coming, canisters now will be able to hold ICP.
-True Web 3.0
-No gas fees.
-Instant Transactions.
-There will be bitcoin integration in the near future, it will be open the doors for a trillion dollar asset.
-ETH needs a real front end, direct eth integration.
-Great Team (180 People, most of them are scientists)
Who else is accumulating ICP in the dips?ICP is one I have been grabbing every time we dip, consistently getting it around 38.50
Has been trading in an accumulation range for 170+ days , OBV signals the higher low over all accumulation trend
ATH is +6600% above
Now price is beginning to squeeze between trend and demand area below the 40ish, break from this trend hopefully sets us on a path upwards - though some more sideways price action is not unexpected. money to be made going sideways too, trading range relation lows to highs is roughly +100%, -50%
Who else is accumulating in this range? I like to think some much bigger buyers than me :)
ICPUSDT Descending Wedge and TargetsHere is an asset I have been watching. Though they had a bit of fallout due to the day 1 insider selling, this platform is still being used. I am expecting a breakout from the descending wedge and making its way up to the first target. However, there will likely be a lot of consolidation prior to moving to the 2nd and 3rd targets. Keep an eye on this asset and lets see how it moves. Thanks again everyone.
internet computer (ICP) awesome opportunity to BUY!!! Hi again traders!
at first i thank you guys for your support of my previous analysis (BTC) :)
now i have currency for you which didn't rise based on recent other coins and its a good shot to catch the bird!
ICP hit our lower trend line 3 times and failed to break it also our upper trend line which was broken before touched again(pull back) that shows a MTR pattern and due to these reasons we expect an huge rally from ICP
by the way ICP had a massive drop since past 3 months and its good for long term investment
ICP market cap rank : # 28
ICP trading Volume : 23% increased since 24h ago