ICPUSDTPERP
ICP/USDT (Bullish Daily Breakout?)💎Technical Analysis Summary💎
ICP/USDT
-Internet Computer has finally broken the daily resistance area
-This is a good sign after 30 days consolidation above 54 dollars
-If the bulls can turn the old resistance to new support
-Then expect a further upside move up to $100 or higher
-By looking at the structure above, the potential strong resistance is at $120-$137
-That would be a perfect sell area for swing traders who entered before the breakout
-Our current trade on this coin is already in profit and we got the sweet spot
-I'll be moving my stop-loss at BE to protect my capital
-Good luck everyone and make sure to book some profit along the way
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Best buy zoon for ICPWe are currently in the best position to buy ICP coin. ICP is one of the most valuable coins that can be added to your wallet and let you taste wealth.
The investment should be done in a safe point. As can be seen in the chart that I shared, the price of this coin is following a trend and the price is in the lowest part of the channel now. I suggest you to buy in the range of 64-66$. As soon as the coin price comes out from the Ichi Moco cloud, the price of the coin raises. The uptrend line will continue to reach 103 to 106$.
Bitcoin always acts as a market indicator and can change the situation of altcoins easily.
This is my personal opinion and a possibility of unforeseen reactions is always expected in crypto market.
ICP/USD Short PERFECTIONICP after it’s dead cat bounce is back to making new lows, last short was a success with a $28 target, now that $28 has been broken, a short down to $10 is in play.
I plan to short down to $1, and see if it is able to hold at that level once the market stabilizes. I do see Bitcoin springing soon, I do not see ICP regaining much other than $28-$32.
ICP at support zone and Falling wedge breakout comingICP analysis:
ICP is now trading at the support zone. ICP also forming a falling wedge which is a bullish pattern if breaks in the upward direction. If ICP breaks the support zone of $35.2-$36.3 the next local support area is $33 and major support is $28.1-$29.8 area. ICP needs to break and hold above $40 to turn bullish. ICP airdrop tokens unlock every month and this is the possible reason of the dump.
ICP - Trade SetupICP looks a bit like KSM.
The only difference is that the second support level is so low that I don't see it happening. but still be careful!
The sell volumes are high and I think this local support is good enough for holding the price up. In this case, the price might consolidate in this price range. Don't do any short-term tradings for now because those 2 resistance areas are strong and our of the Bollinger range so we need the market to recover, before crossing those areas. Might happen this weekend! Let's see how BTC plays.
Current Market Price: $40
Good Luck
Tell me your ideas. Like and Share
internet ComputerBig Project here :
What is the Internet Computer (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 $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters.
To make it simple this project is a Decentralised concurent of Microsoft Azure and Google Cloud but in decentralised Version.
Market cap is 6.5 Billions so it's already a big project, can buy it on Binance or Coinbase.
This coin dropped a lot as it seems early investors took some profits.
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Trading Parts :
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Buy Zone 52$ ish ( a bit ) ( wait for break EMA50)
Rebuy Zone 27$ ( Full Buy )
TP1 : 79.5$
TP2 : 129.5$
TP3 : 198$
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Happy Tr4Ding !