Get started

Icpusdtanalysis

ICP- Correction over and rise to 22 next?As you're aware, I've been very bullish on BINANCE:ICPUSDT during this bull cycle, consistently predicting growth, with the last target at the 20 zone already achieved. Following this encounter with resistance, the coin began to reverse course, entering a correction phase, and yesterday it reached support at the 15 zone. I believe the correction may be over now, and I anticipate a new upward movement, possibly reaching levels around 22.
Long
by Mihai_Iacob
6
ICP → Going to $10 or $30!? A Reversal May be Coming.ICP has printed three pushes up in a bull channel, reaching $20.90. It is currently holding its position above the Daily 30EMA. Is it time to short? How do we trade this?  🤔 We do not yet have a short signal near a key resistance zone. Three pushes up after the breakout into the bull trend is a sign to start looking for reversals, but we have yet to see a reversal pattern or signal candle on the Daily or Weekly timeframes. Bitcoin may have one more push up before it reverses, the alt coin market will likely follow that pattern. and that includes ICP. The next resistance area for ICP is around $23.00, which is at the top of the bull channel and near the resistance zone. If we get a sell signal bar and preferably, a confirmation bar closing on or near its low, a 1:1 short scalp is reasonable. 💡 Trade Idea 💡 Short Entry: $21.70 🟥 Stop Loss: $28.00 ✅ Take Profit: $15.40 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three pushes up into a bull channel after a of the current support zone. 2. Price action is above the Daily 30EMA and in a trading range. 3. 27% gap to the top of the bull channel which is near the resistance zone. 4. Target the resistance zone for a sell signal bar around $21.00 5. RSI at 63.00 and below the Moving Average, supports short bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Short
by TraderEngineering
Growth target for Internet Computer ICP price On the one hand, ICP's price is only trying to rebound from the "bottom" where it has been falling mercilessly for investors for 2.5 years since its listing. On the other hand, the ICPUSD price entered the first strong liquidity zone $15-22 , where for some time some sold and others bought ICP thinking that this was the "bottom" in early 2022 It is likely that the price of the Internet Computer token will be able to reach $21-23 in this race. However, it is also likely that some holders will start selling their ICPs in the range of $15-22 at the price at which they bought them two years ago and sat through a significant deposit drawdown. If you believe that the Internet Computer project is reviving and has good prospects for the future, then place a pending order to buy ICP around $6 and wait. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
9
Cryptolean Internet Computer ICP UpdateICP is trying to push into the bullish territory in the daily chart above $13.54. A bullish daily candle closure above $13.54 and a sustained price action above this level will result in a move towards the key daily resistance zone of $15.27-$15.94. An inability to sustain the price action above $13.54 will lead to (1) a dip into the daily range zone where ICP price action will be choppy and (2) a slow move to $12.06. Bears will be more active towards $10 upon a bearsih break-out of $12.06.
BINANCE:ICPUSD
by Trade-Lean
Cryptolean Chainlink $ICP Update After being unable to re-claim the key resistance zone of $15.27-$15.94 and forming a double top, ICP declined sharply to $12.06, the key daily support. A bullish reversal from $12.06 is likely, assuming we see back bullishness in Bitcoin, and will result in a move to re-test $13.54, however the price action may be slow and choppy. A bearish break-out of $12.06 will push ICP price in the bearish territory and will increase probability of a deeper correction towards the key support zone at$9.66-$10.33 and, possibly, lower to $8.06. Intraday Chart The ICPUSDT 4-Hour chart is bearish and trading very close to the key intraday support zone at $10.62-$11.43. (1) A rejection of $12.58 or (2) a bearish dip and a bullish rejection of $10.62-$11.43 will lead to a upward move towards $13.54 and, possibly, higher to $15.32. A bullish break-out of $12.58 will push price to re-test $13.54 and possibly $14.43. Support once read! Thank you.
BINANCE:ICPUSD
by Trade-Lean
5
ICPUSDT Elliott Waves Analysis (Investment Idea)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Buy zone: 8.5 - 6.5 Targets: 25 - 50 - 90 Cancellation of setup - consolidation under ~3.5 RR: 1 to ~22 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. DYOR!
Long
by trytofeelpositive
5
ICP- My 22+ target should become in playAs you may recall from my previous posts, I hold a very bullish outlook on BINANCE:ICPUSDT and have elaborated on the reasons why. If the price manages to maintain itself above the $10 mark, the most probable scenario would involve a new upward movement towards the $20-22 resistance zone. Indeed, ICP reversed just below the $10 mark and began to establish higher lows in the weeks following the correction. As I mentioned in a post two days ago, CRYPTOCAP:TOTAL3 successfully broke (as anticipated) above $500B, providing confirmation for a new upward movement in altcoins. Technically speaking, in the case of ICP, we observe a clear support level at $10 and a sequence of three higher lows. Additionally, the price action in 2024 resembles that of a symmetrical triangle, a pattern that typically indicates an upward continuation. A break above the $13 zone would confirm the bullish scenario, with the target being the $20+ resistance zone. However, negation of this bullish outlook would occur with a break below the $11 zone. From a risk-to-reward perspective, such a trade could potentially offer more than a 1:4 risk-to-reward ratio.
Long
by Mihai_Iacob
2
ICPUSDT.4HBased on the provided market data, the Internet Computer (ICP) cryptocurrency is currently trading at a price of $13.200 against USDT. The relative strength index (RSI), which indicates whether a cryptocurrency is overbought or oversold, is at 60.68 for 4-hour trading, 60.88 for 1-day trading, and 72.49 for 7-day trading. These values suggest that ICP is neither overbought nor oversold, but it is closer to being overbought on the 7-day chart. The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, is positive across the 4-hour, 1-day, and 7-day charts. This is a bullish signal that suggests the momentum is with the buyers. The Bollinger Bands (BB), which measure volatility and provide relative definitions of high and low prices, are at 13.795 for 4-hour trading, 13.798 for 1-day trading, and 14.875 for 7-day trading. The current price is below the middle band in all three cases, indicating that ICP is trading in the lower range of its price. The support levels are at 12.651, 11.190, and 10.451 for 4-hour trading, 11.889, 10.364, and 9.602 for 1-day trading, and 11.228, 9.538, and 8.552 for 7-day trading. These are the levels at which the price is likely to bounce back if it falls. The resistance levels are at 13.992, 14.366, and 15.510 for 4-hour trading, 14.430, 15.500, and 16.460 for 1-day trading, and 14.277, 16.550, and 20.920 for 7-day trading. These are the levels that the price must break through to continue its upward movement. In my opinion, ICP is showing bullish signals with its positive MACD and RSI that is leaning towards overbought. However, it's trading in the lower range of its price, and there are resistance levels to overcome for further upward movement. Therefore, investors should watch these indicators and levels closely and consider their risk tolerance and investment goals before making a decision.
by MarsSignals
ICP- I expect a new leg upIn my previous ICP post, I presented a potential trading plan for this coin. I stated that a break above 14 would indicate that the correction was over. Conversely, if we experienced a break of the symmetrical triangle to the downside, ICP/USDT could drop to 10, presenting a great buying opportunity. The coin followed the latter scenario. As observed from the chart, it reversed precisely from the indicated support zone and reached a local high at 13. Now, ICP/USDT is undergoing a correction of this initial upward movement, potentially providing a new opportunity to enter long positions. In conclusion, my preference is to buy dips around 11.50-11.70, with a target in the recent high zone around 16 and negation occurring under 10. Looking at the longer term, as explained in my previous posts, my target is the 20-22 zone.
Long
by Mihai_Iacob
ICP/USDT Breakout the Bullish Pennant pattern. Bullish Momentum?💎 ICP has experienced significant developments in the market. Currently, ICP has broken out of the Bullish pennant pattern, which is a bullish continuation pattern. 💎 Additionally, the chart has broken through the supply area and is now transitioning to the demand zone. If this scenario plays out as expected, it is probability that ICP will continue its upward movement and aim to reach our target in the bearish OB area. 💎 However, if ICP fails to maintain its position above the demand zone and breaks down below it, there is potential for the price to return to the support area to build new upward momentum. 💎 The support area is a critical zone, and it requires a bounce to prevent the price from heading to the Bullish OB area or potentially moving even lower.
by MyCryptoParadise
ICP- A trading planAs you may be aware, my confidence in ICP remains strong, and I anticipate a price surge towards the resistance zone of 20-22 in the near term. Since there is a daily inquiry about it, I've put together a trading plan that might offer some guidance. Upon a closer look, it is evident that the current trend is upward. However, up trends (or down trends), are not linear... Following the high at 16, the coin initiated a correction and has been consolidating its gains. The recent consolidation is forming a symmetrical triangle, which is typically a continuation pattern. Keeping this in mind, let's explore potential scenarios: If there is a break above the triangle's resistance, we could interpret the correction as concluded and consider entering the market with the previously mentioned target. Conversely, if the triangle is broken to the downside, we should seek buying opportunities near the robust support level around 10. Combining the two scenarios: a. In the event of an upward break that turns out to be false, causing the coin to decline again, we can consider doubling our trade around 10. b. If there is a downward break, we initiate a buy near 10 and double our position when the price rebounds above 12. As for the less favorable scenario, if ICP drops below 10, we may incur losses. Therefore, it is crucial to trade with funds that you can afford to lose. That concludes the current analysis on ICP for now. I will provide updates if there are significant developments, especially in the case of a breakout. Best Of luck! Mihai Iacob
Long
by Mihai_Iacob
5