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Icpusdtanalysis

Internet Computer ICP price has a chance to "get off its knees"?When will the ICP price finally come to life? Many investors are probably asking themselves this question, because since the listing of the ICPUSDT pair, its price has been falling all the time, from $600+ to the current $4 The team chose a bad time for listing, at the peak of 2021, and since then the cryptocurrency market was captured by a protracted downward trend. We have neither the desire nor the technical knowledge to delve into the fundamentals of the project, but we can share our thoughts on what we saw on the chart. For almost a year now, there has been a prolonged consolidation in the range of $3.30-8.30 . Consolidations usually involve a set of positions (both longs and shorts), and given that it is not too far from the current price to "zero", we can assume that a large long is being taken. It can also be assumed that a global Double Bottom pattern is forming, with a 1st global target of $17 , but this will clearly not happen soon. If you believe in the bright future of the Internet Computer project, then you can buy ICP for your investment portfolio. Conservative entry long above $7 Entering the long at a price below $7 is a great risk of getting stuck with a deposit in consolidation for months. In addition, the price of ICP can also easily update the minimum. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
ICP/USDT 2023The comparison between Internet Computer Protocol (ICP) and Ethereum in terms of advantages depends on various factors and perspectives. Both platforms have different approaches and offer distinct features. Here are some specific advantages of ICP compared to Ethereum: 1. Scalability: ICP is designed with a focus on scalability, aiming to provide a solution that can efficiently handle a high volume of transactions and activities on the network. Ethereum, on the other hand, has faced scalability challenges, especially during network congestion periods, as seen during the NFT (Non-Fungible Token) boom in 2021. 2. Transaction fees: ICP proposes potentially lower transaction fees compared to Ethereum. This can be advantageous for applications that rely on a large number of transactions or for users looking to avoid high transaction costs. 3. Confirmation time: ICP aims to significantly reduce transaction confirmation time, allowing for a faster user experience compared to Ethereum. 4. Governance: ICP has a decentralized governance model, which enables network participants to contribute to decision-making and platform development. While Ethereum also has a governance system, ICP may have a more accessible and open approach to user participation. However, it is important to note that Ethereum is currently the most established and widely used blockchain in the cryptocurrency and decentralized application space. It has a robust community, broad adoption, and supports a variety of smart contracts and tokens. Ethereum is also undergoing major upgrades, such as the transition to Ethereum 2.0, which aims to address scalability and efficiency issues. The choice between ICP and Ethereum will depend on the specific requirements of a project or use case, as well as individual preferences. It is recommended to research and carefully evaluate the characteristics, features, and limitations of each platform before making a decision.
Long
by SophiaAnderson
ICP/USDT - ICP Token: Poised for Explosive Growth?ICP (Internet Computer Protocol) is a blockchain-based protocol that aims to revolutionize the way we interact with the internet. ICP's token, also called ICP, is the native digital currency of the Internet Computer ecosystem. ICP is designed to power the decentralized internet by providing a secure and efficient means of executing smart contracts and other decentralized applications. It operates on a consensus mechanism called the Threshold Relay, which allows for high-speed processing of transactions with low latency. One of the key features of ICP is its ability to support smart contracts written in multiple programming languages, including Rust, Motoko, and C. This makes it easy for developers to create decentralized applications on the ICP network. ICP tokens can be used to pay for transaction fees, stake in the network, and participate in governance decisions. The total supply of ICP tokens is capped at 469 million, with around 155 million currently in circulation. Since its launch in May 2021, ICP has garnered significant attention from investors and developers alike. It has quickly become one of the most valuable cryptocurrencies in the market, with a market capitalization of over $10 billion as of May 2023. Despite its rapid growth, ICP is still a relatively new technology that faces many challenges and uncertainties. As with any emerging technology, it is important for investors and users to conduct thorough research and understand the risks associated with investing in ICP. In conclusion, ICP and its native token have the potential to transform the way we interact with the internet and bring about a new era of decentralized applications. Its innovative technology and strong developer community make it a promising project to watch in the coming years.
Long
by SophiaAnderson
3
ICP inverted head and shoulders patternICP looks mega bullish. Recently we posted trading idea where we explained that ICP has been in the range since summer 2022: In this publication we would like to present another reason why ICP is bullish. What we can see on the chart is a potential inverted head and shoulders pattern which is mega bullish. The right shoulder is in a development phase . Once it's done, and we get a breakout we should see a masive move. Technical target from this pattern would be around 12,70$. You can also take profit at 9,78$ which is the top of the range and final target from our previous idea. Overall ICP looks bullish and it should rise in the next days and weeks. We are buying ICP. What about you? kind regards
Long
by vf_investment
6
ICP what is next?ICP broke the support that I implemented on my previous analysis due to the FUD about Banks and stuff, so it went down to the stronger minor support (4.40-4.60$). The direction of the market is still uncertain. Therefore, I would like to show two possible scenario in here. First, ICP can bounce back from this minor support. If it does, I strongly beleive that it will go up to 9-9.80$. If the support doesn't hold, then our strong support is at 3.50$. This is not a financial advice. It is just for fun.
Long
by Dantefe
$ICP 🐻'sh Continuation On the 1Hr TF i've identified a bearish continuation pattern that $ICP has formed beautifully. It has already flown to the 50% mark and pulled back. Though I want to see more bullish engulfing patterns as PA leaves the demand zone and heads for supply. In all, expecting PA to head towards the $5.89 mark to then continue the trend and trade below $5.21. You can trade either direction, but since you know where it's going.. you can play offense and setup a short at the above level mentioned, just make sure you SL is tight & GL!
Short
by Nick.TkgProfits