ICP in the long timeThe market is unpredictable, but the currency is finding its way, and maybe in less than two years we will see an incredible price for this currency.
ICPUSDT
💻ICP- the most unlucky listing of this yearAfter the last failed breakout attempt the price went back to the bottom of the formation, bounced from the dynamic support (purple) and is most likely preparing for another breakout attempt.
A bit of history: ICP had quite an unfortunate start. It was listed on 11th of May- the day before Bitcoin dumped -50% and the whole marked collapsed. The project was originally pretty hyped, the price went up 1000% the day it was listed on Binance reaching the price of 2831$ per coin. And then it dumped -99% 😆 Anyway- this is of course beyond technical analysis, but the truth is ICP is very comparable to the other top eco chains such as ADA or SOL, it provides some unique solutions and it could easily be a TOP10 coin in terms of market cap. So is it undervalued? Yes. Does it matter? Well.. No, but to me this aspect is just like a technical indicator- if it adds up to overall confluence than that's good, and in this case it does.
Entry: buy in the lower part of the formation (current price) down to 45.00
SL: below 37.36
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About ICP:
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network.
Source: coinmarketcap
ICP preparing for a huge uptrendICP preparing for a huge bullish wave.
We need 1D Candle closing above 55 to continue the uptrend.
Good luck 💗
ICP BUY HIGHLY RECOMMENDEDIcp is looking for 99$ ride and for 2x profit buy and sell is given chart .
buy below 5o and start booking partially profit from 65+ till 99$.
Follow for daily new ideas and signals .
Best of Luck.
ICP 12H BUYICP 12H support is at ~$47
Enter 50% here
and try to set some buy orders near the support zone
If ICP holds above the trendline,
the Take-Profit target would be $51.7, $54.1 and $58
Cheers
icp buy zone with low riskicp is ready to grow well up to the target.
It is also in a low-risk situation
ICP is going to shineIt's time for ICP to take off.. to levels beyond imagination..
If we're going back to ICO.. which was 600 usd/token.. that's already insane, but only a midterm target...
Don't forget this was the most important invention after bitcoin and ethereum.
ICP will literally change the flow and speed of crypto and the internet, build powerful software and platforms
for all industry, finance, enterprise systems and websites. It could be the alpha and the omega, the oracle of the net.
ICPUSDTicpusdt BINANCE:ICPUSDT
In the daily chart, after the break of the trend line and the pullback to it, the important resistance of 57 is blocking the way!
which can move towards the next target defeating it.
Also, the RSI took an upward guard after breaking the trend line and pullback.
Buy around 40 - 45
tp 68 - 87 - 103
ICP, is it really bullish?this week we could enter ICP twice and get 100% profit in the first trade and 60% in the second trade with 5x lev.
The whole idea is written in the previous idea (link below). I am neither bearish nor bullish now, if it returns to BUY are between 40-41 then we will buy again with SL and if it will break out the down trend with positive money flow, then we will enter again and the next target will be 54. small resistance and then $75 per ICP.
Wish you all the best.
Bullish view on ICP/USDT Hi all
What is my view on ICP/USDT ?
ICP shows a positive price development. both buyers and sellers have been tricked at one time (including me).
Later I saw a logical liquidity grab from a lower zone. Since then, the price has gone up again so I expect a breakout soon. Before I get in I wait for a breakout+retest or a drop to .618/.71 fib level
Negative scenario
It's possible that the consolidation continues or that there are traps again. That's why I am waiting for further development of the price. Be patient!
Always do your own research.
ICP - Trade SetupICP is sitting near the resistance and the support is very near, trading ICP here is not really risky, if the support holds and we break the trend ICP will give you good gains.
DYOR.
If you liked the idea please give a like :-)
Wyckoff Double Bottom Accumulation Accumulation: Wyckoff Phases
Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above.
Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation.
In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base.
Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range.
Early on in Phase B, the price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C.
Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position.
The appearance of a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging.
Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions.
Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
ICP Daily Head and ShouldersThe Price of ICP has been in a downtrend for months now.
We have seen a breakout to the upside from the 5th of Nov, taking the Price to $58.
If ICP is able to hold the trendline, then we could see in the coming weeks a potential break of the $87 ATH from September, and go to, or beyond the $100 mark.
I see a potential £200 end of year due to the BTC smart contract integration that could bring a lot of hype to the project, if the Bull Market extends till end of Q1 2022, then we could see ICP go back to to the ATH from launch at $450.
Do your own research before investing, and trade safe my friends!
ICP next Potential MovementThis is the next potential movement of ICP USDT, if ICP price bounce at this yellow support, ICP will move to $80, this is a good chance to buy ICP at spot market as the risk is low, there will be a huge movement if breakout $80 resistance
Internet Computer(ICP)Has great potential! Technical Analysis Hello. Internet Computer(ICP) in my technical analysis is ready to reach 100$ for the first time in 5 months.
What makes ICP a potential cryptocurrency? :
1. RSI bullish divergence, indicating that a reversal of the previous downtrend may have occurred.
2. Fresh price breakout of bearish trendline(white dashed trendline) a few days ago, indicating a reversal of the previous downtrend.
3. RSI Triangle pattern breakout before price trendline breakout(#2)
4. Price near 100EMA. (at first this may sound bearish, but a 100EMA break may be happening soon)
5. Good amount of volume on the breakout of the white dashed trendline. Many bulls on the breakout here.
6. ICP -98% from ATH. While doesn't sound bullish, ICP has more potential to move up. In some scenarios from other cryptocurrencies, price made it back to the ATH although it was pretty far.
But before we may see ICP reach 100$, we may need some criteria before confirming ICP to reach 100$. My own criteria is:
1. Break 100EMA with good volume. This is crucial in my opinion as if it doesn't break it we are not seeing a 2x move here.
2. RSI hovering above RSI 70. If this happens, it means that price is very bullish.
3. 0.5 Fib breakout. This Fib can confirm the breakout of the 100EMA.
Forecast: if ICP fulfills the above criteria quickly it may reach $100 or the 1.618 fib by Early December. However if the criteria doesn't fulfill we may see a rebound to the lower support of the price channel.
Thank you for reading! Drop feedback in the comments below, it would help me improve! Also tell me if you think the chart is cluttered and messy.
Also, don't take this as investment advice. Do your own research first.
Possible short downside to 47-48$ for a retest of support.We are going higher for the past 3 days, but volume is getting lower on each day.
RSI is showing a small bearish divergence for the past days.
We have not yet retested the brake out line and 50day EMA with a red candle.
This is just an idea, because we cannot go up in a straight line.
We are still in an uptrend and ICP will reach higher targets in next days, weeks.
Everyone is just publishing the positive here, so lets keep in mind some small bearish scenarios too.
Keep it safe and have an awesome day!
Hit a like if you appreciate my thoughts.
ICP move to targets above $ 100The ICP is within a short-term uptrend channel that will soon reach above $ 57.7 and reach targets above $ 100.
Due to the two touches of the channel roof, the channel roof seems to break soon.
ICP is left out of the market, What's best zone to buy?ICP is one of the highest potential coins in cryptocurrency market but its moving in a range between 55$ and 40$ since 2 month ago!
This coin can see 78$ or higher, If this coin can consolidate its position above 40$ the next targets can be 78$ or higher for this coin.
The trend line I drew on the chart must be kept to see a breakout of current upper resistance and then a huge move up to 78$ as the next target.
Best zone to buy this coin is after breakout of the upper resistance IMO.
Your Likes And Comments Are the best Thank You.
Profit is Yours!
ICP Internet Computer still in UptrendICP is still making higher highs and higher lows. It still giving respect to the trend line also Fibonacci level 0.382 comes near the point where trend line which acted as a support. So it may bounce near 50 area. Resistance is near 57 if it breaks that it can rally further.
$300 ICP by EOY?I believe that something like this could be the trajectory for a $300 USD ICP by the end of the year.
In the near term we could see a test of .001 with a rejection back to the diagonal line of resistance. This rejection would be provably due to a combination of BTC ripping up and/or a market correction.
Assuming that BTC lands somewhere around $100,000 by EOY I think that once FOMO kicks in ICP could see a bounce back to the .382 fib level which would land it at .003 BTC/$300 USD.
ICP 55% growth potentialVery soon alts should boom, ICP is one of the coins with a 55% growth potential in a relatively short period of time.
ICP BULISH MOMENTUMWhassup my fellow trades,
Just wanted to share a quick setup on ICPUSDT here, the 12h candle just broke the 200MA, trendline is also broken to the upside, you can enter at CMP and take some profits fon the fib levels:
TP 1 : 72
TP 2 : 100
TP 3 : 124
On a fudamental prespective i think ICP is a good project with a strong team and is currently in the top 25 in coin market cap and the price looks undervalued at the moment.
On that note let me know your thoughts on the projects and what you like and don't like about this coin
Cheers!!!
