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Internetcomputer

internet computer (ICP) awesome opportunity to BUY!!! Hi again traders! at first i thank you guys for your support of my previous analysis (BTC) :) now i have currency for you which didn't rise based on recent other coins and its a good shot to catch the bird! ICP hit our lower trend line 3 times and failed to break it also our upper trend line which was broken before touched again(pull back) that shows a MTR pattern and due to these reasons we expect an huge rally from ICP by the way ICP had a massive drop since past 3 months and its good for long term investment ICP market cap rank : # 28 ICP trading Volume : 23% increased since 24h ago
Long
by Ghost3ader
4
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 :)
by P_S_trade
41
Three bullish patterns What Are Adam And Eve Chart Patterns? Adam And Eve chart pattern formed when one sharp V-shaped first bottom low is made on high volume. This is the first “Adam” bottom. Then the price bounces back higher but later goes lower a second time to create a second cup shape as a second bottom that is the “Eve” on decreasing volatility and a tighter price range. What Is an Ascending Channel? An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. What Is an Inverse Head and Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom," is similar to the standard head and shoulders pattern, but inverted, with the head and shoulders top used to predict reversals in downtrends.
Long
by Crypt0_Ninja
5
Are you selling the bottom of ICP?I just wanted to share this ascending channel with the community. I have been following ICP very closely for the last few months and have noticed that the logarithmic lines of support and resistance inside this ascending channel have played off pretty well. As long as we remain in a bull market I do believe we will reach $158 at minimum by the end of December. My price target however is between $250-300 in the event of a FOMO driven blow off top.
COINBASE:ICPUSDLong
by CryptoNCoffee
9
💻ICP- the most unlucky listing of this yearAfter the last failed breakout attempt the price went back to the bottom of the formation, bounced from the dynamic support (purple) and is most likely preparing for another breakout attempt. A bit of history: ICP had quite an unfortunate start. It was listed on 11th of May- the day before Bitcoin dumped -50% and the whole marked collapsed. The project was originally pretty hyped, the price went up 1000% the day it was listed on Binance reaching the price of 2831$ 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 --------------------------- 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
Long
by V0VOLAN
2
Wyckoff Double Bottom Accumulation Accumulation: Wyckoff Phases Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation. In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base. Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C. Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
Long
by Crypt0_Ninja
13
Internet Computer(ICP)Has great potential! Technical Analysis Hello. Internet Computer(ICP) in my technical analysis is ready to reach 100$ for the first time in 5 months. What makes ICP a potential cryptocurrency? : 1. RSI bullish divergence, indicating that a reversal of the previous downtrend may have occurred. 2. Fresh price breakout of bearish trendline(white dashed trendline) a few days ago, indicating a reversal of the previous downtrend. 3. RSI Triangle pattern breakout before price trendline breakout(#2) 4. Price near 100EMA. (at first this may sound bearish, but a 100EMA break may be happening soon) 5. Good amount of volume on the breakout of the white dashed trendline. Many bulls on the breakout here. 6. ICP -98% from ATH. While doesn't sound bullish, ICP has more potential to move up. In some scenarios from other cryptocurrencies, price made it back to the ATH although it was pretty far. But before we may see ICP reach 100$, we may need some criteria before confirming ICP to reach 100$. My own criteria is: 1. Break 100EMA with good volume. This is crucial in my opinion as if it doesn't break it we are not seeing a 2x move here. 2. RSI hovering above RSI 70. If this happens, it means that price is very bullish. 3. 0.5 Fib breakout. This Fib can confirm the breakout of the 100EMA. Forecast: if ICP fulfills the above criteria quickly it may reach $100 or the 1.618 fib by Early December. However if the criteria doesn't fulfill we may see a rebound to the lower support of the price channel. Thank you for reading! Drop feedback in the comments below, it would help me improve! Also tell me if you think the chart is cluttered and messy. Also, don't take this as investment advice. Do your own research first.
by Trader_ph
10
Possible short downside to 47-48$ for a retest of support.We are going higher for the past 3 days, but volume is getting lower on each day. RSI is showing a small bearish divergence for the past days. We have not yet retested the brake out line and 50day EMA with a red candle. This is just an idea, because we cannot go up in a straight line. We are still in an uptrend and ICP will reach higher targets in next days, weeks. Everyone is just publishing the positive here, so lets keep in mind some small bearish scenarios too. Keep it safe and have an awesome day! Hit a like if you appreciate my thoughts.
by UnknownUnicorn26369879
13
ICP is left out of the market, What's best zone to buy?ICP is one of the highest potential coins in cryptocurrency market but its moving in a range between 55$ and 40$ since 2 month ago! This coin can see 78$ or higher, If this coin can consolidate its position above 40$ the next targets can be 78$ or higher for this coin. The trend line I drew on the chart must be kept to see a breakout of current upper resistance and then a huge move up to 78$ as the next target. Best zone to buy this coin is after breakout of the upper resistance IMO. Your Likes And Comments Are the best Thank You. Profit is Yours!
Long
by TahaZargar
2
$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.
Long
by CryptoNCoffee
1