ICP Did It! What is Next?In my previous analysis, I had mentioned that ICP coin would rise from $3.60 to $8.20. Despite ICP dropping from $500 to $3, it is still a strong project and my favorite coin. Unfortunately, due to VC involvement, the coin that had fallen so much has finally started to show a strong uptrend.
What is next? RSI is oversold, and price made a huge pump (+%50) since yesterday. Therefore, I believe ICP will make some corrections. As I point it out in the graph, if it starts to do some correction, I believe around 7.50$, we will see some reversal to go up to 15$. If it doesn't stop here, it can directly go to 15$, but I believe it will rejected from there and will do some corrections. In that case, I will publish a new analysis.
This is my trial. Not a financial advice.
ICPUSDTPERP
Icp/usdt Plan Icpusdt
As we can see icpusdt looks bearish on daily timeframe , I am expecting price to test the Upper trendline resistance and drop down because here it will face double resistance , trendline + 50ema
Let's see
Note : This Is Just an idea, do your own research before taking any decision and yes if you are satisfied with our work make sure to follow and support us , Thanks
Happy trading
Internet Computer (ICP) formed Gartley for upto 121% rallyHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer (ICP) with US Dollar pair.
Recently I shared a short-term trade setup for ICP, which is still in play as below:
At the same time, on a long-term weekly time frame, ICP has formed a bullish Gartley move for massive price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Internet Computer (ICP) formed bullish Cypher for upto 14% pumpHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer (ICP) with US Dollar pair.
Our last successful trade of ICP was as below:
Now on a daily time frame, ICP has formed a bullish Cypher move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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 $7 is a great risk of getting stuck with a deposit in consolidation for months. In addition, the price of ICP can also easily update the minimum.
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ICP what is next?ICP broke the support that I implemented on my previous analysis due to the FUD about Banks and stuff, so it went down to the stronger minor support (4.40-4.60$).
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.
ICP is forming an inverse H&S pattern. 110% profit on spot.Today we will review the cryptocurrency ICP. On the daily and weekly timeframe, an inverse technical analysis pattern head and shoulders is forming. After breaking the neckline, I expect an upward movement to the next resistance zone around $15. The net profit on the spot purchase will be about 110%. Buying after breaking the neckline.
This is not a financial recommendation, everything you do, you do at your own risk.
ICP Unchained?Bearish Idea
ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5.
Bullish Idea
FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a chance ICP to get rid of it's chains. In that case, if it can break the upper trendline(the black one), then we could expect more rise up to 9.80.
For the both case, I think we should wait for the comformation.
Not a financial advice. I am just correcting my previous graphs.
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
ICPUSD one more drop is still possibleWhat we can see in the chart is a head and shoulders pattern.
If this pattern plays out , we will see 30 % drop
$4,20 may be a good price to buy more ICP if we get it.
Long-term we still expect $80 .
Short-term $4,20 would NOT be anything surprising.
Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
Bearish Scenario For ICPWe should always consider the two scenario, Bullish and Bearish, for the market. I already shared my Bullish idea about ICP with the double buttom formation. Now, let's consider the bad scenario. ICP looks like copying the same pattern which it did on May-June 2022. If the price goes down from 4$ we could expect huge dump on the price until 1.40-1.50$. Unforutenately it still could not break the ressistance trend line so we should be carefull on this coin.
#ICPUSDT Bullish breakout rade setup: Bullish breakout from Falling Wedge pattern, which can be a reversal pattern (bullish) once price breaks out. Price could rally to $7-8 resistance area. (set a price alert).
Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $5. The nearest Resistance Zone is $8, then $10.
Trading Signal For ICPUSDT Internet ComputerTrading Setup:
A Trading Signal is seen in the ICPUSDT Internet Computer.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 4.90
⭕️SL @ 4.60
🔵TP1 @ 5.56
🔵TP2 @ 6.20
🔵TP3 @ 7.00
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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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%)