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.
ICPUSDTPERP
$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.
ICP to 100 $⬆️Buy @ 46
✅TP1 @ 57
✅TP2 @ 70
✅TP3 @ 83
✅TP4 @ 98
✅TP5 @ 115
✅TP6 @ 130
⭕️SL @ 37 ( D Close)
---------------------------------------
Share your opinion in the comments and support the idea with Like.
Follow me on tradingView, if you don't want to miss my next analysis or signals.
Thanks for your support!
$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.
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.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
ICP - strong accumulation 😲🚀🌖The chart shows that ICP is locally and globally in accumulation. Also, a trend line has been formed on the chart and the price is moving towards it little by little. If the price breaks this trend line, it is very likely that there will be a strong impulsive rise to the upper boundary of the accumulation zone.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ICPUSD: RISING WEDGE PATTERN, CONFIRMATION OF SHORT OPPORTUNITY?Hello Enthusiast Coin Traders! Here's long-term outlook for ICPUSDT, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
ICPUSDT is breaking out of the Rising wedge pattern. Breakout of Rising wedge pattern could be an indication of bearish trend. The momentum indicator already crossed below the zero area, it signify the potential of bearish trend ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ICP - is going to breakout this trendline 😲🚀ICP - preparing to break the local trend line.
Good buying opportunity after breaking or retesting the trend line as support.
But there are a lot of traps in the market right now, so be prepared for a false breakout.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Icp Chart Analysis #iCP USDT 1D Chart SIGNAL by CryptolernersBD
Here I Have 2 Types Of Entry System. You Czn Wait For Day Candle Closing Above $44.4 Or You Can Take Entry, In 4H Chart If Price Breakout Trend Line Resistance & If Successfully Close Above $44.4. So It's Upto You. Icp Creating Double Bottom Chart Pattern Above Previous Demand Zone & Trend Line.
Stop-Loss ❌ If Day Candle Close Below $37.50