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Icpusdtanalysis

ICP - 12h. Growth prospect to $100The last weeks of trading on the cryptocurrency market give us all intrigue and uncertainty. The price of bitcoin stopped at the critical range of $48,000-50,000 and market participants calmed down. Over the past 4 weeks of trading, volumes have steadily decreased weekly from $38 billion per day to $27 billion. The fall in daily trading volumes of bitcoin has reduced its impact on other cryptocurrencies and made it possible for new and easy crypto projects to "shoot". Therefore, while the bitcoin market is now drifting at low volumes within the limits of consolidation, we will talk about the ICP cryptocurrency. Weekly, we analyze the TOP-10 cryptocurrencie s by daily trading volumes and record a video forecast for the week. Unfortunately, ICP did not make it into this TOP, but it got as close as possible to it. With a trading volume of $1.36 billion per day, ICP ranks 12th and is as close as possible to the notorious DOGE ($1.6 billion). However, if you compare the local trend of these two coins, you can see that the ICP market is building a trending movement up and is ready to continue to grow. On the chart, we can see that the consolidation in the ICP market lasts longe r than in the DOGE market. Considering that bitcoin allows alcoins to independently move their prices, the main question for an investor is which cryptocurrencies will start growing first? It is known that there are not enough new volumes on the market for all cryptocurrencies to start growing at the same time. Therefore, first of all, you should choose those coins that have already proven their strength both in trading volumes and in activity. On the chart, we see that the ICP price did not allow updating the local lows on August 18 and 27. At the same time, DOGE is successfully updating the lows and its buyers are not yet showing any desire to actively buy. In this example, we have shown two types of altcoin s that are currently available. The first type, such as SOL, SAND , ICP, are ready for new peaks, while others - DOGE, DOT, BNB and others - strive to continue consolidation. Some specifics on the ICP market The main achievement of buyers in the recent period in the ICP market is taking control of the range of $53-56: The chart clearly shows how important this range is for market participants. Buyers have broken through this range at high volumes and now the process of consolidation is underway to continue the growth to $100. Depending on how strong the turbulence in the cryptocurrency market will be, the ICP price can start growing from either $64 or $57. For long-term investors, this range is good for buying. In this case, the risk per position will be approximately 10-13% . This cryptocurrency is in our long-term portfolio and in the portfolios of our long-term partners, whose deposits we manage. In case of an error, the ICP price on large volumes should first break through the $53-56 range and subsequently fix below it on a large timeframe (start consolidating). In this case, the fall in the price of Internet Computer will continue to the range of $40-45. This is another liquid zone where we will gladly buy this cryptocurrency if there is such a chance. P.S. For the most conservative investors, you should control the ICPBTC chart and enter only after retesting the liquid range 0.0015-0.0016 It is at the moment of price fixation above this range that the security level of entering a position will be maximal.
by P_S_trade
46
💡Don't miss the great buy opportunity in ICPUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (64.39). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ICPUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 68.67 TP2= @ 71.38 TP3= @ 76.56 TP4= @ 83.03 TP5= @ 91.83 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
14
💡Don't miss the great buy opportunity in ICPUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (64.39). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ICPUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 68.67 TP2= @ 71.38 TP3= @ 76.56 TP4= @ 83.03 TP5= @ 91.83 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
ICPUSDT Falling Wedge Breakout Retest Pending 38% Move ExpectedICPUSDT Falling Wedge Breakout | Retest Pending | 38% Move Expected After a huge pump started from 40.00, the bull rally stopped after touching the price 77.00 and started a long correction phase creating a falling pattern. Now we can falling wedge bullish breakout. We will enter after completing the retest or at least come back to our buying zone. NOTE: Enter into this trade IF and ONLY IF the setup is validated. If everything went well then our: Buying Zones: 63.18 - 67.69 TP1: 69.14 TP2: 72.30 TP3: 77.09 TP4: 91.13 SL: 57.75 Trade Risk: 11.90% Net ROI: 38.92% Exchange: Binance Uso only 10% risk of your account. Do not over trade. NOTE: Do proper risk and money management. Do your own analysis. Spot Trading only. I will be not be responsible for any of your loss.
Long
by unitsol
ICP CRITICAL ZONE - $59 OR $89Icp has been following a rising channel trajectory since it broke out from the descending channel at $37. The current position of icp is a critical one, a breakdown will validate $59 while a breakout from the dynamic resistance will validate an uptrend to $89. Wait for confirmaion of the possible scenarios before taking position. If btc breaks down from the ascending triangle then icp will fall to the specified zone. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
5
ICPUSDT - WHAT'S NEXT?Congratulations to everyone that took the trade with my analysis posted few days back. Now, Icp is now a special type of coin with impulsive moves with bitcoin's growth since the time of breakout from the descending triangle. Icp made an intense move to the upside and still continues regardless, a target marked at $59 was reached and the bulls continue to spike price up to a new resistance point at $68. The max hit we've seen is $66 but a symmetrical triangle is currently playing on small tfs, a breakout will ratify an uptrend to the new target price at $89 and a breakdown will take price to the previous tp at $59 for retest. In the event price holds then a price reversal is probable. Breakout will ratify impulsive move to $78 then to $104. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
by Pearl-A
2
ICPUSDT DOUBLE BOTTOM PATTERNICP ontinues to follow the trend pattern analysed for over some weeks ago. Chart indicates a clear pattern on breakout and a trend reversal playing out. Price broke down to retest and forms a double bottom pattern for a reversal to the previous highs. All info have been provided on chart, target lines indicates resistance zones. Observe well before taking position. Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates
Long
by Pearl-A
2