#ICP/USDT / Ready to go up#ICP
The price is moving in a descending channel on the 12-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 6.90
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 9.00
First target 9.47
Second target 10.00
Third target 10.50
Icpusdtbuy
#ICP/USDT#ICP
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 7.30
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entrance price: 8.10
First target 9.05
Second goal 10.04
Third goal 11.38
ICP → Time to Long at $9? A Buy Opportunity Is Waiting!Since my April 24th update, ICP has fallen into a pullback, as expected. We found resistance just shy of $21.00 and then pulled back in two strong legs. Should we be bearish or bullish on ICP?
How do we trade this? 🤔
As expected, ICP found resistance at the Resistance Zone of below $21.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us below the Support Zone at a low of $5.80. We now see the price strongly responding to this are and is now above the Support Zone with a strong bullish candle closing on it's high.
It's reasonable to enter a long here given that strong bullish candle close. It would not hurt to wait for a confirmation candle but since we've closed above support, you could take a slightly lower probability trade here and have a high probability of hitting the first take profit target of $11.225. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in DOGE.
A final point of data is the RSI low and above the moving average of around 56.00. This indicates we are into the swing high and a long entry at this stage is warranted.
💡 Trade Idea 💡
Long Entry: $8.45
🟥 Stop Loss: $5.675
✅ Take Profit #1: $11.225
✅ Take Profit #2: $14.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three legs up toward a resistance zone after a breakout
2. Head and Shoulders reversal pattern
3. Two-legged pullback to the Support Zone at $8.23
4. Long entry justified at current Signal Candle close above Support Zone
5. RSI at 56.00 and above the moving average. Supports a long entry.
💰 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.
⚠️ 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
ICP → Long at $9!? A Buy Opportunity is Waiting!ICP did not put in a 4th leg since my last analysis and instead, the short opportunity presented itself after the third push on schedule. Should we short here?
Previous Analysis:
How do we trade this? 🤔
Shorting at the bottom of this bull trend is not ideal. Our short opportunity was at $18 per my last analysis. Now that we're at bull channel support, we need to wait for a breakout to the downside with confirmation support has become resistance. The likely outcome of such a breakout is a 2-legged pullback from the bull channel leading us to the Support Zone.
We should be looking for long positions at this point. With Bitcoin and the crypto market cooling off, we should expect more downside. This means short scalping on lower timeframes and fading long positions on higher timeframes. I'm looking for a strong bull signal bar closing on or near its high off of the Support Zone, followed by a confirmation candle to enter a 1:4 Risk/Reward long position. Take half profits at 1:1 Risk/Reward, and swing the latter half of the position to 1:4 or until a reversal signal appears.
💡 Trade Idea 💡
Long Entry: $9.00
🟥 Stop Loss: $6.85
✅ Take Profit #1: $11.15
✅ Take Profit #2: $17.60
⚖️ Risk/Reward Ratio: 1:4
🔑 Key Takeaways 🔑
1. Three pushes up into a bull channel followed by a retrace to support.
2. Wait for a breakout below the bull channel and Daily 200EMA.
3. Look for a long entry above the Support Zone
4. Target is just shy of the previous high of around $18 for the final take profit.
5. RSI at 45.00 and above the Moving Average, room to fall.
💰 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
#ICP/USDT LONG#ICP
We have been in a descending triangle since the beginning of the month on a 4 H frame
After the previous rise, it is expected to continue rising
We have upward momentum and support from a good area
Current price 9.15
First goal 9.61
The second goal is 10.50
The third goal is 11.55
#ICP/USDT LONG#ICP
We have a strong bullish flag that has been positively broken upwards.
Currently the upper limit of the flag has been broken to the top.
Expected growth of the pair with correction before completing the ascent
Price now 4.95
First Goal 6.18
Second Goal 7.27
Representing 170% of the current price
We have oversold on MACD.
ICP → Ascending Triangle Breakout! Take Advantage of This Long.Internet Computer Token is knocking on the gates of resistance in a bullish ascending triangle pattern! It seems inevitable that the price will reach higher highs, but do we have enough data to enter a long now?
How do we trade this?
We have these key bullish data points; the macro trend, ascending triangle pattern, RSI above the Moving Average, and Bitcoin as a leading indicator reaching new highs. It may seem like longing now is a great idea, but it's risky for one very important reason; we're at resistance. There isn't enough room for reward against our risk, which is at least just below the 30EMA ribbon.
Confirmation of a breakout is necessary in this analysis. Once the price breaks out and tests prior resistance as support, it's reasonable to long. Place your protective stop just below the top of the triangle or EMA ribbons and your take profit just before the next resistance zone.
Since we're at resistance, be prepared for the market to reverse and trade accordingly!
Trade Idea
Long Entry : $5.20
Stop Loss: $4.24
Take Profit: $6.60
Risk/Reward Ratio: 1:2.5
Key Takeaways
1. Ascending Triangle, Bias to Long!
2. Macro Trend is Bullish
3. Wait for Resistance to Break before longing.
4. RSI at 60.00 and above Moving Average, Supports Long.
5. After breaking Resistance, Long after test of Support.
You are solely responsible for your trades, trade at your own risk!
If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
ICP long Term Key Major ResistanceWhen ICP launched I saw the thing basically get flushed down the toilet. I was it at some point up in the TOP 10 for a while and I couldnt believe it. Where did that thing come from? |What is that?? Ever since then I kept an eye on it and everything tells me this is one of the must hold for the new cycle. There is almost NO resistance on the way up so we might get a SHARP spike up to the golden pocket before we hit any type of accumulation.
45% for ICP with patienceI like ICP because this coin is more than 98% down from ath and it is technicaly buy without any doubts. Very nice PA here with green engulfing bullish daily candle...there should be some small pullback = my buy area = before it will go higher... i am aiming 25-40%. GL
MANAGE YOUR RISK
DAY 13: #ICPUSDT (#LONG)More trading signals and their results, in my channel, link in the description
DAY 13: #ICPUSDT (#LONG)
1% of the deposit
Margin: CROSS
⚖️Leverage: x10-20
🗝Entry point: 5.250-5.300
🎯target 1 - 5.505
🎯target 2 - 5.731
🎯target 3 - 5.986
🎯target 4 - 6.287
🎯target 5 - 6.823
❌stoploss: 5.094
(PENDING ORDERS - 5.160 2%)
ICP LONG SETUPMarket just finished 1-5 Elliot wave bearish and broke the trendline, we are forecasting to see pump to the 50% zone, because market formed an institutional candle zone while going down. Also we should see a bounce down at 50-61.8% fib zone of the fifth wave and bounce back up after retracement forming an ABC correction.
Entry: 22.21 (after a retrace because market already formed an institutional candle)
Invalidation: 17.96 (below recent HL)
Target: 47.29 (50% fib zone and an institutional candle zone)
ICP BREAKOUT READY TP PUMP 500%!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
#ICP/USDT TRADE SETUP
ENTRY:- $18.55 to $22.43
TARGETS:-
$36
$54
$79
$87
$95
$112
$123
DYOR before taking this trade.
Stop Loss:- TBA, as per market conditions.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
ICP/USDT 400% + Potential Trade Setup.Welcome to this Trade Setup on ICP.
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Let's get to the chart
ICP broke out the 277 days long consolidation under this triangle.
Bullish DIvergence played out.
Our Initial Entry as posted in my last update was around $17.
It's already 30% up since then.
Consider adding this to your spot portfolio after doing your own research.
It's likely that to run for a massive rally.
ENTRY:- $18.55 to $22.43
TARGETS:-
$36
$54
$79
$87
$95
$112
$123
DYOR before taking this trade.
Stop Loss:- TBA, as per market conditions.
Do hit the like button if you want me to post more of these setups and share your views/charts in the comment section.
Thank you
#PEACE
ICP/USDT DAILY TF UPDATE
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Welcome to this ICP/USDT TRADE setup. ICP looks great here.
Breaking out from the falling wedge in the daily time frame. It also breaks 21ma.
Also, making a big bullish divergence in the daily time frame. Buy some now and add more in dips.
Entry range:- $16.4-$17.4
Target1:- $20.2
Target2:- $23.6
Target3:- $27.4
Target4:- $30.2
SL:- $15
Use low leverage (2x-4x)
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
#ICPUSDT Breaking out, Worth a shot?Welcome to this quick trade setup.
ICP broke out of the orange falling wedge channel inside the larger channel.
If we zoom out you can see a bounce on the support trendline VOLUME IS LOOKING GOOD too.
Many indicators point towards reversal signs.
The strategy is to accumulate at lower levels by buying at every dip.
ENTRY: $15.47 to $17.54
Targets:-
$21.88
$29.83
$34.52
$40.12
$55.32
$81.33
$121.30
Stop Loss:- $14.77
Do your own research before investing, I am not a financial advisor.
Keep in mind this is a long-term
view and it can change as per market conditions.
If you want me to post more trade setups, do hit the like button and share your views in the comments section.
Thank you
#PEACE
ICPUSDT AnalysisHello friends.
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Everything on the chart.
Perspective a couple of months.
Entry: market and lower
Target: 40 - 55 - 73
after first target reached move ur stop to breakeven
Stop: ~22 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ICP is The King of the Web 3.0If the 2022 will be the year of the Web 3.0, ICP will be the star of this year. Looks like it broke its falling trendline and finished its retest on daily frame. SuperTrend also gave buy signal on daily frame so I believe its time to go UP!
This is my trial. Not a financial advice.
ICPUSDT Bullish Shark PatternICPUSDT has formed a bullish shark pattern and is now moving in a range. We may see a strong reversal from this point. BTC is also closed to strong support and has formed a bullish divergence. So, there are chances that the crypto market will now show a reversal.
Thanks!
Best Regards,
Trade Like Pros.