#ICP daily candle closed below the supporting up trendline#ICP daily candle closed below the supporting up trendline and price dropped back to the support/ flip zone too. Currently, price is still bearish, so no buys unless any sort of confirmation. If this support break then we can see easy drop till $24.
By @cryptoAXEN
ICPUSDTPERP
You will be surprised by the ICP price forecast in the ideaToday we present our global view of the ICPUSDT chart
The ICP forecast will consist of several possible routes of ICPUSDT price movement, since we can't look ahead, but the calculations indicate one global target from above.
On the ICPUSD chart, we can see the price from the bottom rounded and starting to move up. In recent days, we can see an increase in trading volume, which shows the struggle between buyers and sellers. Currently, the buyers are winning, as the price of the Internet Computer token is rising.
For the next 1-2 months, the target zone at the top is $54-63 . The price of ICPUSD can get there either by rapid growth (white arrow) or by a saw (blue)
In this price zone will decide where to go next:
- fixing above $63 will open the way for the continuation of growth to $82
- If the sellers win in the area of $54-63, the correction may be delayed for a retest from above of the important $35 level, where the struggle is now taking place, but from the bottom.
The global goal for all scenarios is a rise by the summer of 2022 to the area of $186-190. The fact that ICP is being linked to Web3, which can be a hype theme in 2022, adds positivity.
Let's see how it will be, and you pls write your thoughts about the future of ICP and Web3 and what your expectations for 2022 in the comments.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ICP - broke out long downwards trendlineNext resistance is around 40$, let's see how it turns out.
Internet Computer has great upwards potential, it is in long accumulation, just to reach previous ATH it will gain over 700% from current price!
Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon.
Check my previous analysis for more project details:
ICPUSDT, Our buy zone activated Hello everybody
According to our previous analysis of ICP we shown on chart that the price should drop more and it can come to our buy zone area and activated that and wait until the target reach
You can buy now at this buy zone area in 2 and 3 step and then wait until reach to the target
Dont forget use stop loss , This is spot trading but because of the condition of market and condition of the ICP use stop loss
Previous analysis :
Good Luck
Abtin
ICPUSDT, We are near of buy zone areaHello everybody
According to the chart you can see from the added in exchanges the price is falling down until here, everyone say its scam project or ... but its not scam, the point is the team is not working correctly and they promise to do exactly the road map
In here according to the chart , we are in downard trend and we should becareful for any buy
If you have any question send us your messages
Good Luck
Abtin
Internet Computer ICP, ICPUSDT pair Trade Ideas Bullish
1) Three white soldiers
2) Support at 37 and no major resistance till 48
3) Triangle Chart Pattern
Bearish
1) Making Lower Highs
2) Trend line resistance near current price
3) Fib 0.23 retracement level at 43
Trade Plan 1
SHORT
1) Entry Current Price i.e.41.9
2) Stop Loss : 43
3) Take profit : 40
Trade Plan 2
LONG
1) Entry When Candle Closes above 43
2) Stop Loss : 40
3) Take profit : 47.5
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.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
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-$45.98
ICP HISTORY = Launched in May 2021 ; layer 1 protocol (decentralize the Internet through smart contracts)
DEFINITY (NPO non-profit organization and research institute).
ICP from Switzerland.
Founder = Dominic Williams (one of the early members of Ethereum and Bitcoin)
Investors = Anderson ( VCA Venture Capitalist ), Polychain Capitals etc
Applications made on ICP= finance, centralized finance, NFT, gaming, clone of Tik Tok = Can Can; LinkedIn's clone Linked up.
Platforms= Fleet (to create a website) ; Capsule Social (to create social media platforms)
Working on = META
ICP is long term project.
💻ICP- the most unlucky listing of this yearAfter the last failed breakout attempt the price went back to the bottom of the formation, bounced from the dynamic support (purple) and is most likely preparing for another breakout attempt.
A bit of history: ICP had quite an unfortunate start. It was listed on 11th of May- the day before Bitcoin dumped -50% and the whole marked collapsed. The project was originally pretty hyped, the price went up 1000% the day it was listed on Binance reaching the price of 2831$ per coin. And then it dumped -99% 😆 Anyway- this is of course beyond technical analysis, but the truth is ICP is very comparable to the other top eco chains such as ADA or SOL, it provides some unique solutions and it could easily be a TOP10 coin in terms of market cap. So is it undervalued? Yes. Does it matter? Well.. No, but to me this aspect is just like a technical indicator- if it adds up to overall confluence than that's good, and in this case it does.
Entry: buy in the lower part of the formation (current price) down to 45.00
SL: below 37.36
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About ICP:
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network.
Source: coinmarketcap
ICPUSDT46We may see Our move up in coming days and what i marked is we may see trend reversal near 12:30am on Nov 13th, many things are following under this chart,
as 1st we are looking for Higher high in order to change move
2nd we we are observing structures and
3rnd we are entering in Buyers zone so we may see good upwards movements in mentioned time frame,
Note : if we go bellow 45.72 and more for longer time frame ( we sustain over there for 2 or more candles ) then time may change for reversal or we need to wait, as mentioned area is strong volume area where buyers attract most.!
Trade :
buy by market
tp1 : 46.53
tp2 : 47.05
for small time frame trades.