Internetcomputer
ICPUSD Trade the break-out of this Triangle.Internet Computer (ICPUSD) is trading within a Triangle pattern since the July 05 bottom, with the 1D MA50 (blue trend-line) acting as its pivot. The 1D MA200 (orange trend-line) is almost right on its top (Lower Highs trend-line).
Our approach on such patterns is to trade to the direction of the first break-out. A break above the 1D MA200 would be a bullish break-out signal, targeting 21.00 (Resistance 1), while a break below the Higher Lows trend-line would be a bearish break-out signal, targeting 6.00 (Support 1).
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ICP USDT 4H🔍 ICP/USDT Analysis: 4-Hour Timeframe 📉
The ICP/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE - September 1, 2024, 9:00 AM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating ICP or entering long positions.
• SELL DATE - September 7, 2024, 1:00 PM - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
• BUY DATE - September 14, 2024, 1:00 PM - Green Line: Another potential local low, suggesting an opportunity to accumulate more or enter new positions.
• SELL DATE - September 19, 2024, 1:00 PM - Red Line: Additional potential local peak, where reducing positions could be considered.
When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
ICP USDT🔍 ICP/USDT Analysis: Key Dates for Strategic Moves 📉
The ICP/USDT chart highlights important upcoming dates where price movements may present trading opportunities:
August 30, 2024, October 17, 2024, December 17, 2024 - Red Lines: These dates mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face resistance or a downturn.
September 22, 2024, November 20, 2024 - Green Lines: These dates indicate potential local lows, offering favorable conditions for accumulating ICP or entering long positions.
By aligning your strategy with these key dates, you can better position yourself to capture gains and manage risk effectively in the ICP market.
#ICP #CryptoTrading #MarketAnalysis #Altcoins #Cryptocurrency #ICPUSDT
ICP Buying OpportunityThe ICP came back to life at the end of last year and increased significantly. After May, however, it declined in response to the general market decline.
But I think that decline is now over. The $8-9 area is a good buying zone for us. Especially considering that it is coming out of the downtrend.
I don't think it will go below $8 from now on, but in a possible correction in the market, it could go down to $6.5-7 and come up. This is the ideal buying zone for us because if this happens, there is a potential double bottom pattern.
My plan is to buy a large amount of ICP now and place a small buy order at the $7 level.
Internet Computer ICP price shows signs of lifeAgainst the backdrop of today's software failures of millions of users around the world, it will be symbolic to consider a coin - #InternetComputer
In the previous idea, 7 months ago, there was a recommendation:
“place a pending buy order for CRYPTOCAP:ICP around $6 and wait”
The minimum was $5.80
Basically, nothing has changed globally on the OKX:ICPUSDT chart - a long consolidation, heavy protracted growth, and then the same correction.
The chart shows a 3D time frame. Therefore, this idea is probably more for those who have been holding #ICP for a long time, rather than a recommendation to buy it in an investment portfolio.
Keeping the #ICPUSD price above $7.50-8 is a long situation.
And then, if we are lucky, the price of #ICPUSDC will rise to $40 by the end of the year
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Internet Computer (ICP)ICP project was announced with great fanfare and promised great features. However, ICP's price was in a long downtrend until recently when price broke the downtrend line and made a higher high and a higher low. It's too soon to surmise the major trend reversal has happened since at least another higher high and higher low is needed. Let's see what happens.
ICP/USDT Trading ScenarioAmid the negative news about Bitcoin, the price of ICP significantly declined, falling from a local high of $20.937 to $5.837, a drop of over 71%. The asset's price chart has fallen below the 0.75 Fibonacci level, which is often interpreted as a favorable buying zone.
From the perspective of volume profile, the area of interest for market participants is significantly higher, in the range of $13.041.
Currently, there is a positive reaction from buyers at the $5.837 mark, as evidenced by the formation of a daily pin bar. This signal could indicate a potential trend reversal and the beginning of an upward movement, as a pin bar typically signifies a change in market sentiment.
ICP Desc. Triangle Breakout + Rectangle, Targets $16.3 and $20BITGET:ICPUSDT broke out of its descending triangle and has successfully retested the resistance.
The triangle target is $20 🎯
Not the cleanest breakout, and lacking volume. Also, a case could be made for a rectangle pattern with a $14 resistance, so the safe play would be to wait for a daily close above that level.
The rectangle offers a second target: $16.3 🎯
This is also a previous resistance and could offer a good area to secure some profits.
Not Financial Advice
ICP - Broke The Trendline Hi, this is my new update for ICP. After 51 days we finally broke this beautiful trendline and today we are testing it to see if it was a fakeout or 100% breakout.
We have big resistances around 15.00-15.80$ and at the same time we have also 50&100 SMA (green and blue line). Right now we have broken the trendline on both the chart and RSI. We are also testing the support level 12.30-12.50$ as long as we hold this support level I expect we are going to break the resistance 15-15.80$ in the next run.
- My main target for the next couple of months is around 37-40$.
- In the short-term (next couple of weeks) I expect we are going to test the resistance 20-23$.
As long as the support level 10.50-11.70$ holds everything is fine, but if break it down then things will get ugly.
ICP- Correction over and rise to 22 next?As you're aware, I've been very bullish on BINANCE:ICPUSDT during this bull cycle, consistently predicting growth, with the last target at the 20 zone already achieved.
Following this encounter with resistance, the coin began to reverse course, entering a correction phase, and yesterday it reached support at the 15 zone.
I believe the correction may be over now, and I anticipate a new upward movement, possibly reaching levels around 22.
ICP/USDT Gearing Up for a Bullish Rally? 👀🚀ICP Analysis💎Paradisers, let's focus on #ICPUSDT, which is currently showcasing exciting market movements within an ascending channel.
💎At the moment, #InternetComputer is making its way towards the ascending resistance, originating from the demand zone. This opens up the possibility for the price to rebound from this zone and embark on an upward trajectory, aiming for the bearish Order Block (OB) as its next objective.
💎However, if CRYPTOCAP:ICP does not manage to rally and instead dips below the demand zone, we might see a pullback to the Bullish OB region around the $10.878 mark, where it could find renewed energy for an upward push.
💎The Bullish OB zone has historically been a crucial point for initiating significant market recoveries upon testing. Yet, a failure of this zone, signaling a bearish trend, may lead to a continuation of bullish momentum from a more subdued position.
💎In the event that #ICP doesn't harness the momentum from this or a further reduced level, a continued decline may follow. Rest assured, Paradisers, your ParadiseTeam is closely watching these developments, ready to offer support and guidance through these market shifts.
ICPUSD targeting $55.00Internet Computer (ICPUSD) is on the 2nd straight green 1W candle following the Higher Low pricing at the bottom of the September 2023 Channel Up. As the 1W MACD posted a Bearish Cross into Bullish Cross, we treat this as the start of the Channel's new Bullish Leg.
The previous Bullish Leg recorded +470% gains. Assuming a similar rise from the Higher Low, we are turning long again on ICP, targeting the 0.618 Fibonacci retracement level at $55.00.
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Internet Computer ($ICP) Soars 70% as Network Ventures into AIAfter a prolonged period of dormancy, CRYPTOCAP:ICP has emerged from the shadows with an impressive 70% price surge, capturing the attention of investors and enthusiasts alike. This resurgence comes on the heels of a groundbreaking announcement unveiling the integration of AI functionalities within the Internet Computer ecosystem.
The introduction of AI Smart Contracts marks a watershed moment in the evolution of blockchain technology. It signifies the convergence of two revolutionary domains, each poised to redefine the way we interact with digital systems. By harnessing the power of AI within the secure framework of blockchain, Internet Computer pioneers a new era of decentralized intelligence, unlocking limitless possibilities for innovation and collaboration.
At the heart of this groundbreaking development lies the visionary architecture of Internet Computer, a World Computer blockchain designed to support the seamless execution of complex computations across a distributed network. With its unique blend of scalability, security, and interoperability, Internet Computer lays the foundation for a decentralized ecosystem capable of hosting AI-driven applications with unparalleled efficiency and transparency.
The implications of this convergence extend far beyond the realm of speculative investment. They resonate deeply with the core principles of decentralization and democratization that underpin the ethos of blockchain technology. By democratizing access to AI capabilities through Smart Contracts, Internet Computer empowers developers and entrepreneurs to unleash their creativity and drive meaningful change across diverse industries.
Furthermore, the timing of this announcement couldn't be more fortuitous, as the broader crypto market experiences a bullish resurgence fueled by renewed optimism and institutional adoption. Against this backdrop of growing momentum, the meteoric rise of ICP serves as a beacon of hope for investors seeking high-impact opportunities in the digital asset space.
However, amidst the euphoria surrounding ICP's price surge, it's crucial to maintain a nuanced perspective on the underlying fundamentals driving this phenomenon. While speculation undoubtedly plays a role in short-term price movements, the long-term viability of Internet Computer hinges on the successful execution of its ambitious vision for AI integration.
In light of these considerations, investor sentiment remains cautiously optimistic, with some predicting a potential price target of $60 by the end of April. Yet, beyond mere price speculation, the true measure of Internet Computer's success lies in its ability to deliver tangible value through innovative AI solutions that resonate with users and enterprises alike.
As AI Smart Contracts continue to undergo testing on Internet computers' testnet, anticipation builds for their eventual deployment on public networks, signaling the dawn of a new era in blockchain-enabled intelligence. With each milestone achieved, Internet Computer solidifies its position as a trailblazer in the convergence of blockchain and AI, paving the way for a future defined by decentralized innovation and empowerment.
In conclusion, the recent surge in CRYPTOCAP:ICP price represents more than just a fleeting market phenomenon—it embodies a profound shift in the trajectory of blockchain technology towards a future where AI and decentralization converge to redefine the boundaries of possibility. As the Internet Computer charts a course toward this bold vision, the world watches with bated breath, eager to witness the dawn of a new era in digital transformation.
ICP on a Bullish Run: Price Soars Towards First ResistanceInternet Computer (ICPUSDT) has been on a tear since October 2023, showing no signs of slowing down. Currently trading at $17.30, ICP is steadily climbing toward its first major resistance level of $23.40.
With ICP breaking key resistance levels, a breakout towards even higher prices could be imminent. However, others caution that the market remains volatile and a correction could always occur.
One thing is for certain: Internet Computer is a must watch closely in the coming weeks and months.
Growth target for Internet Computer ICP price On the one hand, ICP's price is only trying to rebound from the "bottom" where it has been falling mercilessly for investors for 2.5 years since its listing.
On the other hand, the ICPUSD price entered the first strong liquidity zone $15-22 , where for some time some sold and others bought ICP thinking that this was the "bottom" in early 2022
It is likely that the price of the Internet Computer token will be able to reach $21-23 in this race.
However, it is also likely that some holders will start selling their ICPs in the range of $15-22 at the price at which they bought them two years ago and sat through a significant deposit drawdown.
If you believe that the Internet Computer project is reviving and has good prospects for the future, then place a pending order to buy ICP around $6 and wait.
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Cryptolean Internet Computer ICP UpdateICP is trying to push into the bullish territory in the daily chart above $13.54.
A bullish daily candle closure above $13.54 and a sustained price action above this level will result in a move towards the key daily resistance zone of $15.27-$15.94.
An inability to sustain the price action above $13.54 will lead to (1) a dip into the daily range zone where ICP price action will be choppy and (2) a slow move to $12.06.
Bears will be more active towards $10 upon a bearsih break-out of $12.06.
Cryptolean Chainlink $ICP Update After being unable to re-claim the key resistance zone of $15.27-$15.94 and forming a double top, ICP declined sharply to $12.06, the key daily support.
A bullish reversal from $12.06 is likely, assuming we see back bullishness in Bitcoin, and will result in a move to re-test $13.54, however the price action may be slow and choppy.
A bearish break-out of $12.06 will push ICP price in the bearish territory and will increase probability of a deeper correction towards the key support zone at$9.66-$10.33 and, possibly, lower to $8.06.
Intraday Chart
The ICPUSDT 4-Hour chart is bearish and trading very close to the key intraday support zone at $10.62-$11.43.
(1) A rejection of $12.58 or (2) a bearish dip and a bullish rejection of $10.62-$11.43 will lead to a upward move towards $13.54 and, possibly, higher to $15.32.
A bullish break-out of $12.58 will push price to re-test $13.54 and possibly $14.43.
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