ICP 6h Got a bottom and growth to $130 or down again by $10?Although The Internet Computer was founded in 2016, life was started in late 2020 with the launch of the alpha mainnet.
On May 10, 2021, a global decentralized Internet computer with open source was launched.
Each ICP service token holder can control the global Internet computer.
This coincidence of news and action helped the price of ICPUSDT soar to $600, but since then the price has been falling non-stop for 1.5 months.
And yesterday, on June 27, huge volumes appeared on the chart, which can theoretically be regarded as a signal that the bottom has been groped.
If this is the case, then buyers should not be allowed the ICPUSD price to drop below $30-34 in the coming days.
Confirmation of the strength of buyers can provoke further growth in the price of ICPUSDT to the zone of $110-130
A price decrease below $28-30 may provoke a continued fall in the value of the ICP token in search of a bottom, and the next level for a rebound may be $10-11
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ICPUSDTPERP
ICP (dfinity) bold take Having seen this vicious VC dump, driven by numerous actors across the board, in many presale marketing sponsorships. I’ve made the gut decision to believe, they will definitely buy back cheaper. they may not and I’m okay with that but plan accordingly. *Not FA*
I’ve seen this coin dump from 660$ (it’s listing), to 32$, which is more than a 95% dip.
Keeping in mind the psychological warfare we see in crypto-on twitter specifically-I’ve concluded this is definitely more concrete fud being spoken than actually bearish reasons.
They want you to sell your coins, thankfully I never got married to it and took my onlyloss on it from $120 -> 105$ Per share-I saw the bs and so did the people around me-I have them to thank for that partially. I’m also glad I cut my losses closer to the top than not at all-I saw the dynamic develop on twitter.
They quite literally just increased their buying power at this dip and no one saw it coming-myself included. I am creating this first post in an attempt to be better and more methodical in my approach.
The main bulk of my analysis is inverted head and shoulders patterns on LTFs for swing traders, combined w a Fibonacci-based ema swing strategy. I’m probably going to pull my position at 50$ and rebuy around 43$. Not financial advice-just my personal (spot) position.
Having said that, I will publish another picture on top of this to indicate a more near inverse head and shoulders pattern...this is better than inception lol.