Icpusdtanalysis
ICP 1D Long buy zone and fixing targets in the descriptionToday we will consider the trading pair ICPUSDT
Judging by the amount of your requests we understand that you are interested in ICP coin, and perhaps the internet computer project have good prospects for growth.
Looking at the chart of ICPUSD , we can assume that the process of accumulation of long-term long position is going on now.
Waves-men may say that it is a lingering 2nd wave.
We earlier placed the buy orders in the range of $34.50-37.50 and at the previous breakout down, only one of the buy orders went off. We are still keeping the other buy orders open as there is still a chance of another downside spill.
If you don't have patience and have a strong belief in the project, the buy zone of $37.50-43.50 is also tasty and weighted, because it is relatively close to an absolute low.
The targets from above to fix the longs will be in the $150-185 range , and we will try to cover the longs than closer to $185.
Write in the comments what the project promises and what you expect from it.
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ICP (internet computer) : in-depth analysis
ICP BUY/SELL ZONES
SHORT TERM SCENARIO=
BUY ZONE 1= $41.93 TARGET ZONE 1= $56.82
BUY ZONE 2= $39.73 TARGET ZONE 2= $63.75
BUY ZONE 3= $34.28 TARGET ZONE 3= $72.90
BUY ZONE 4= $26.81 TARGET ZONE 4= $86.63
LONG TERM SCENARIO (MY STRATEGY) =
BUY ZONE 1= $39.73 TARGET ZONE 1= $67.77
BUY ZONE 2= $34.28 TARGET ZONE 2= $94.73
BUY ZONE 3= $26.81 TARGET ZONE 3= $132.69
BUY ZONE 4= $21.32 TARGET ZONE 4= $198.26
BUY ZONE 5= $16.24 TARGET ZONE 5= $305.61
BUY ZONE 6= $10.54 TARGET ZONE 6= INFINITY ( depend upon MARKET STRUCTURE )
GOLDEN RESISTANCE ZONE 1= $47.94-$49.87 (will be flipped to ALL-TIME SUPPORT later on)
GOLDEN RESISTANCE ZONE 2= $54.03-$55.63
GOLDEN RESISTANCE ZONE 3= $64.14-$66.07
GOLDEN RESISTANCE ZONE 4= $67.68-$69.32
GOLDEN RESISTANCE ZONE 5= $94.68-$98.19
GOLDEN RESISTANCE ZONE 6= $306.18-$320.65
GOLDEN SUPPORT ZONE 1= $47.94-$49.87 (to be flipped later on)
GOLDEN SUPPORT ZONE 2= $40.70-$41.94
VALUE AREA (for SCALPING) =
MONTHLY VAH = $46.98
MONTHLY VAL = $40.95
WEEKLY VAH = $53.96
WEEKLY VAL = $44.01
GOLDEN MOVING AVERAGE AT = $46.93
DAILY GOLDEN MOVING AVERAGE AT = $47.46
MONTHLY GOLDEN ZONE (at present) = $51.07-$51.72
WEEKLY GOLDEN ZONE (at present) = $45.64-$45.98
ICP HISTORY = Launched in May 2021 ; layer 1 protocol (decentralize the Internet through smart contracts)
DEFINITY (NPO non-profit organization and research institute).
ICP from Switzerland.
Founder = Dominic Williams (one of the early members of Ethereum and Bitcoin)
Investors = Anderson ( VCA Venture Capitalist ), Polychain Capitals etc
Applications made on ICP= finance, centralized finance, NFT, gaming, clone of Tik Tok = Can Can; LinkedIn's clone Linked up.
Platforms= Fleet (to create a website) ; Capsule Social (to create social media platforms)
Working on = META
ICP is long term project.
Are you selling the bottom of ICP?I just wanted to share this ascending channel with the community. I have been following ICP very closely for the last few months and have noticed that the logarithmic lines of support and resistance inside this ascending channel have played off pretty well. As long as we remain in a bull market I do believe we will reach $158 at minimum by the end of December. My price target however is between $250-300 in the event of a FOMO driven blow off top.
ICP Next SHIB ? ICP / USDT
price is looking in long accumulation range
👉check my old post regarding ICP i posted it during dump phase ☠️ in june :
👉Also check SHIB chart before breakout you can find some similarities between them :
NOTE : Accumulation range usually take very long time
INVALIDATION : if price fixed below current range new range will be formed at new low prices so be ready for that too
Always DYOR
What do you think about ICP share with us in comments below
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 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.
$ICPUSD BULLISH CYPHER AND PENNANTInternet Computer Coin Price & Market Data
Internet Computer price today is $50.10 with a 24-hour trading volume of $466,881,382. ICP price is down -0.6% in the last 24 hours. It has a circulating supply of 180 Million ICP coins and a total supply of 469 Million. If you are looking to buy or sell Internet Computer, Binance is currently the most active exchange.
What is Internet Computer?
Internet Computer (IC) is the world’s first blockchain that is capable of running at web speed at unrestrictive capacities. Built by the DFINITY Foundation, IC aims to recreate the web by supporting smart contract development at scale and changing the way people can interact using web services. Internet Computer aims to extend the public internet, so that it can be the world’s computing platform, in a decentralized manner. Internet Computer sets to revolutionalize the design of the crypto economy, with an aim to overhaul traditional software services.
The project was founded in October 2016 by Dominic WIllams and have raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital and such. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking it a major milestone for ICP as it means the internet now functions as a decentralised global computer. This is marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token that allows tens of thousands of community members to govern the Internet Computer network.
ICP is Internet Computer's native token. It plays three prominent roles:
Network Governance: Users that participate in the governance will be rewarded with ICPI
Production of Cycles for Compute: ICP can be converted into cycles where it is used as the transaction fee to access the network. Cycles are burned after used.
Rewarding Users: ICP is used as the rewards to incentivize users to participate in the network such as securing the network.
How does ICP work?
The decentralised network of ICP is hosted by a series of data centres of multiple nodes. Different nodes from within different data centres are pooled together and referred to as a ‘subnet’. Each subnet can host its own Proof-of-Stake blockchain by using a unique consensus model known as ‘Threshold Relay’. There are two important pillars that charge the operations of ICP forwards:
Chain Key Technology: Chain Key Technology is a 48-byte public chain key that enables Internet Computer to operate at web speed, allowing transactions to be finalised in 1-2 seconds. Though this is impressive, this is nevertheless insufficient, because a faster speed is needed to provide competitive user experiences, requiring responses to be provided to users in milliseconds. Chain Key Technology solves this further by splitting smart contract function execution into two types, known as ‘update calls’ and ‘query calls’ – where update calls take 1-2 seconds to finalize and query calls can be executed in milliseconds.
Network Nervous System (NNS):The NNS is responsible for managing everything from ICP’s economics and upgrades to network structure. The NNS is hosted within the network itself, and it acts as an autonomous ‘master’ blockchain with a public key to validate transactions in the ICP network. The NNS will also instigate proposals to a vote, such as the onboarding of new node machines, which are then voted upon by users who have their ICP tokens locked up. NNS is essentially the governance system whereas neurons represent the voting power.
How does ICP differ from other coins?
One of ICP’s objectives was to solve the scaling problems experienced by Ethereum, without compromising on security or decentralisation. For example, EOS has previously been criticized for such a compromise.
Internet Computer claims that it can finalise transactions in 1 to 2 seconds. This fares far beyond Bitcoin’s 10-minute duration and Ethereum’s 15-second duration (depending on network traffic). The Internet Computer claims to have a block rate of 2.5 blocks per second (bps), with the expectation of improving it till 1,000 bps by end of the year 2021. Importantly, ICP addresses a problem far beyond merely solving Ethereum’s shortcomings as its wider objectives are to take on the $370 billion cloud computing market, and decentralize the public internet wholly.
How do I get ICP?
ICP can be purchased on exchanges such as Binance and Coinbase.
You can browse through the various centralized and decentralized exchanges by heading over to our exchanges page.
ICPUSDT TO $61, $77 AND ULTIMATELY $104With the trajectories of icpusdt provided on chart, it shows a caveat of a broken resistance level ($47) on daily tf. At this point, icp is in a good state to buy and hold for the three specified tps. The state of bitcoin on daily tf entails a squeeze mode i.e accumulation phase and this would serve as a strong support level in the long run. The bullish state of btc will be favorable for icp to do exploits.
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ICP/USDT 4HOUR UPDATEWelcome to this quick
ICP/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- icp/usdt tringle pattern create
Entry:- cmp And buy the dip in green zone
Traget:- 20% to 25%
Stoploss:- $43.43
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
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ICP ready?ICP has just broken out the falling wedge. Bullish price pattern. It may retest the support trendline, but I expect an acceleration upwards.BB is shrinking, suggesting high volatility ahead. It just previously completed the primary trend wave 1, wave 2 was completed with the touch of 0.618 fib retracement target: first target 78, second target 130, Final target 262. I will, however, sell most of it at 175, just in case, it is a wave C, considering the previous downtrend.
ICP - is going to breakout this resistance 😲🚀On the ICP chart, we see a trend line that is now acting as resistance. The price will go up if it breaks this resistance.
The best scenario would be if the price goes back down to $39.5 and then breaks the trend line. In that case, there will be a good entry point after the breakout.
There is also a good buying opportunity if the price squeezes near the trend line and breaks through it.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.