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Internetcomputer

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.
Long
by Z4F4R
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. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
9
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.
BINANCE:ICPUSD
by Trade-Lean
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 $14.43. Support once read! Thank you.
BINANCE:ICPUSD
by Trade-Lean
5
ICP - Easy +40%? Hi, this is my new update for ICP. In the past 2-3 months altcoins have exploded more than 100% each, but ICP has been very stable in this beautiful ascending triangle. As you see we are getting very close to the end of this triangle and we are going to see a big breakout in the next couple of the days. The probability that it will breakout upside is much higher. I expect once we break the resistance 14.50-15.50, then we are going to fill the gap in the blue box around 19.70 - 20.70. Watch closely once we breakdown the red trendline then we have lost both the 20 & 50 EMA and things will get little bit complicated and we should consider sell.
COINBASE:ICPUSDLong
by GOAT1375
1
🔥 ICP Next Bull-Run's BEST Comeback Trade: Short Squeeze?With BTC reaching above 50k, ICP confirmed a weekly bull-flag and has now made a higher-low above the Summer-2022 highs, confirming a long-term trend shift. In this analysis I want to talk about potentially the best trade that you can make in the coming bull-cycle. ICP could be making a massive comeback and go back to the ATH values of around 2500$. Think about it, with the power of social media and influencers, helped by relentless shorting, ICP could be entering some kind of short-squeeze scenario where massive gains can be realized in a short period of time. Be aware: this is a risky trade with a small chance of success. Still, the potential pay-off makes up for the potential loss. Happy to hear your thoughts 🙏
Long
by FieryTrading
40
ICP- My 22+ target should become in playAs you may recall from my previous posts, I hold a very bullish outlook on BINANCE:ICPUSDT and have elaborated on the reasons why. If the price manages to maintain itself above the $10 mark, the most probable scenario would involve a new upward movement towards the $20-22 resistance zone. Indeed, ICP reversed just below the $10 mark and began to establish higher lows in the weeks following the correction. As I mentioned in a post two days ago, CRYPTOCAP:TOTAL3 successfully broke (as anticipated) above $500B, providing confirmation for a new upward movement in altcoins. Technically speaking, in the case of ICP, we observe a clear support level at $10 and a sequence of three higher lows. Additionally, the price action in 2024 resembles that of a symmetrical triangle, a pattern that typically indicates an upward continuation. A break above the $13 zone would confirm the bullish scenario, with the target being the $20+ resistance zone. However, negation of this bullish outlook would occur with a break below the $11 zone. From a risk-to-reward perspective, such a trade could potentially offer more than a 1:4 risk-to-reward ratio.
Long
by Mihai_Iacob
2
ICP/USDT Nearing a Critical Supply Zone Boom or Not?🚀ICP💎 Paradisers, gear up as we spot a thrilling chance with #ICPUSDT, which is on the verge of challenging a significant supply zone. 💎 Observing #InternetComputer trajectory, it's been painting the chart with strong green candles, aiming to shatter the supply zone at $14.049. Here's a crucial point: if the price honors the supply at $14.09, we might see a retreat to the lower demand at $12.013. However, should CRYPTOCAP:ICP disregard this supply ceiling at $14.049, an ascent could be on the cards. 💎 Wondering about the savvy trader's playbook? Vigilance is key, especially with potential price action traps lurking. Remember there's also a chance for a bullish bounce from the demand zone, should our initial read not pan out, with a dip below $12.013 hinting at further declines.
Long
by MyCryptoParadise_Simon
ICP → Internet Computer Running Out of Gas with Ascending Wedge?ICP gave us another push up after we broke the Support Zone and established support. Now we see ICP coming down to test the Push #2 high of $11.80. The price is consolidating to the upside in an ascending wedge pattern, should we short? How do we trade this? 🤔 It is not time to short because we're still in the ascending wedge pattern and have not failed to make new highs and new lows. The earliest we should be entering a trade is when the price attempts to make a new high, fails and has broken out of the wedge. We're looking for a sell signal (bear bar closing on or near its low with a wick top) followed by a confirmation bar (strong bear bar closing on or near its low). The likely price area to enter the short will be around $13.00, but we're still a ways from the target, so we'll have to watch the candles print to size up our entry. A higher probability of profit trade is a 1:1 short scalp to the Support Zone, making the assumption that this will play out as a pullback rather than a bear run. We need to keep an eye on Bitcoin as it nears $45,000 again. I suspect it will fail to break the neckline but until we confirm that, we can trade as if it won't. 💡 Trade Idea 💡 Short Entry: $13.00 🟥 Stop Loss: $17.00 ✅ Take Profit: $8.98 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three Pushes Up from Ascending Triangle Breakout 2. Ascending Wedge Forming 3. Look for Double Top Wedge Breakout to Short 4. Watch Bitcoins Possible Reversal from $45,800, Impact on Alt Coin Market. 5. High RSI at 63.00 below Moving Average, Supports Pullback to Support Zone. 💰 Trading Tip 💰 Ascending Wedges signal an increased probability of a bear breakout. Combined with three pushes up in a bull trend and strong sell bars (candles with large wicks on their tops), creates conditions where a counter-trend trade is reasonable. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
12
ICP Optimal Key Levels for 1900%+ Return CaptureDate: January 13, 2024 (Long term 700+ days Outlook) Key Levels and Analysis: ICP is currently trading near the support level of $12.871, which is crucial to hold for maintaining the bullish scenario. The chart shows a potential risk-reward setup based on pivot projections. The conditional probable boundaries suggest a tiered approach for upside targets, with the immediate resistance at $18.171 (Boundary 1), and subsequent resistance levels at $22.818 (Boundary 2), $30.380 (Boundary 3), and further significant levels beyond. Risk-Reward Projections: The optimistic projection of a 1900%+ return considers a trajectory from the current price towards the uppermost conditional probable boundary at $249.957. This boundary lies within a significant pivot extension and is considered an ambitious, long-term target. Risk management should focus on the immediate support levels. A breach below the near-term support at $5.686 could indicate a bearish reversal and serve as a trigger for stop-losses to protect against larger capital erosion. Z-Score Probability Indicator: The Z-Score is currently indicating a heightened level of deviation from the mean, suggesting that the price is in a highly volatile phase. This could imply that ICP is experiencing significant momentum that, if sustained, may lead to a continued uptrend. Optimal Entry Points and Strategy: Long Entries: Considering the potential for a high return, long positions could be considered around the key support levels, specifically if the price shows signs of bouncing from these points. Risk Management: Given the volatility indicated by the Z-Score, a conservative approach with strict stop-losses is recommended. This mitigates the risk while maintaining exposure to the upside potential. Furthermore interacting with the ICP Ecosystem and exploring a DeFi Delta Neutral Strategy can appealing to reduce downside longterm exposure. Conclusion: ICP's technical structure highlights the potential for substantial returns if the current support levels hold. Investors considering entry into ICP should monitor these key levels closely and align their risk appetite with the significant reward potential outlined by the pivot indicator projections. The market dynamics of the crypto space necessitate real-time analysis and adjustment to strategies as new information surfaces. This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence and consult with a financial advisor before making investment decisions.
Long
by meloneusk
ICPUSD: Bullish despite today's decline.Internet Computer remains bullish on its 1D technical outlook (RSI = 68.393, MACD = 1.900, ADX = 40.337) despite today's strong selling as it maintains the parabolic rise structure. It is about to test the 0.382 Fibonacci level, but the horizontal Resistance is slightly over it at 23.7500 (R1). This is our target (TP = 23.000) and after that we will wait for a 1D MA200 pullback to buy for the next rally (TP = 55.0000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ICPUSDLong
by InvestingScope
1
ICP can head to $11.11 by maintaining support above pink channelWe can see its noticeably above the pink channel here. If it can maintain solidified support on the top trendline of the pink channel it should validate the breakout and it’s target will be $11.11 …currently we can see the other channel seen here is brown is still resistance at the moment but on the way to the target from the pink channel breakout we will need to also break above the brown channel and flip it to solid support too. Once we do, its breakout target is a little bit higher than the pink ones target so as we head to hit the pink channel breakout target, will likely also hit the slightly higher target of the brown channel breakout as well. *not financial advice*
COINBASE:ICPUSD
by DrDovetail
3
ICP/USDT Ready for Another Bull Rally? 👀🚀ICP Analysis💎 Paradisers, direct your focus to ICPUSDT as it undergoes a crucial phase in the market. The asset is showing signs of a potential breakout from its descending channel. 💎 Analyzing #InternetComputer's market trend, it has been consistently moving within a descending channel. At this juncture, ICP is poised to challenge a former resistance level, now serving as support at $8.813. There's a significant possibility that ICP could leverage this level to initiate a bullish trend, targeting the notable supply level at $13. 💎 However, in the ever-changing crypto market, #ICP traders must be prepared for various scenarios. If ICP does not sustain its bullish trajectory, a change in market direction could be on the horizon. Traders might then need to recalibrate their strategies, considering a bullish resurgence from a lower support level at $8.81. 💎 If ICP falls below this additional support level, a strategic reassessment would be crucial. This shift could suggest hurdles in maintaining the bullish trend, requiring an adaptation of trading strategies. 💎 Stay strategic and flexible, Paradisers. Your ParadiseTeam is dedicated to navigating you through these market changes, ensuring you're well-prepared for effective and informed trading decisions.
Long
by MyCryptoParadise_Simon
2
ICP - Measured Move Complete! Pullback to $8.23 then $4.80!?ICP executed a beautiful measured move in three legs; a breakout from the first to the second leg with an ascending triangle(per my last analysis), broke resistance, and landed on the measured move target. We're now witnessing a pullback but is that where the drop will end? How do we trade this? 🤔 We need to wait and see what happens to the price after it interacts with what was previous resistance, around the $8.23 price area. If we get strong support it's reasonable to consider a long scalp. I wouldn't plan a swing trade on this timeframe since the price action has been running hot; three pushes up with a 320% increase in price from bottom to top, RSI went up to 91 and is still at 68.00, now below the moving average, etc. These data do not support longing, at least on this timeframe. We also do not want to jump into a short right away, the strong sell signal and confirmation candles need to close before we can make such a move. Look for a break below the Resistance Zone and a re-test of the level that fails. A strong bear bar closing on its low at the $7.95 area is enough justification to enter a short. It's reasonable to take 1:1 Risk/Reward level profits around $7.20 and swing the rest to 1:3 or until you see a buy signal. Until we see the bear confirmation, we ought to remain on the sidelines or zoom into the 5m or 15m timeframes. 💡 Trade Ideas 💡 Short Entry: $7.95 🟥 Stop Loss: $8.65 ✅ Take Profit: $6.55 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout of Ascending Triangle, Measured Move Up! 2. Measured Move Target Hit, Pullback to Resistance Zone. 3. Watch for Support at Resistance Level $8.23. 4. RSI at 68.00 below Moving Average, Supports Pullback to Resistance Zone. 5. Watch Bitcoin near the $46,000 level, looking for a Trend Change. 💰 Trading Tip 💰 Bear flags in the proper context, provide over a 60% probability that a trend will continue. This provides justification to enter a short trade. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
6
ICP Detailed ChartAs mentioned before, ICP coin broke out from $3.50 and reached the range of $9-10. Later, I shared another analysis and mentioned that it was trying to return from around $9.80, and if it can hold here, it could go up to $15, but if it can't, we might see a reversal around $7.50. I tried to explain this more clearly and explicitly in this chart. If the market is still in a bullish season, ICP will initially attempt the $13-15 range. If it can break this range and continue the uptrend, it will target the $20-22 range. As the year-end approaches, it's advisable to be cautious. Generally, the market experiences a drop before the year-end. However, the expectation of the Bitcoin ETF is keeping the market strong. I wish everyone good luck and a happy new year.
by Dantefe
ICP Did It! What is Next?In my previous analysis, I had mentioned that ICP coin would rise from $3.60 to $8.20. Despite ICP dropping from $500 to $3, it is still a strong project and my favorite coin. Unfortunately, due to VC involvement, the coin that had fallen so much has finally started to show a strong uptrend. What is next? RSI is oversold, and price made a huge pump (+%50) since yesterday. Therefore, I believe ICP will make some corrections. As I point it out in the graph, if it starts to do some correction, I believe around 7.50$, we will see some reversal to go up to 15$. If it doesn't stop here, it can directly go to 15$, but I believe it will rejected from there and will do some corrections. In that case, I will publish a new analysis. This is my trial. Not a financial advice.
Long
by Dantefe
2
ICP/USDT Bullish Horizons what next? 👀 🚀ICP Today Analysis💎 Yello, Paradisers! Get ready for an exciting opportunity with #ICPUSDT. It's currently in a demand zone and poised to breach a supply level, signaling a high chance of a bullish move after this breakout. 💎 We've noticed that #InternetComputer often successfully follows a pattern where it breaks above a descending trendline and initiates an upward trajectory, consistently creating higher highs and lows. If it breaks through the supply level at $5.293, we're likely to see a strong bullish surge to overcome a major supply barrier. 💎 However, if it struggles to maintain this upward momentum, there's a chance it might seek bullish continuation from its previous support zone at $4.018. A fall below this could lead to a significant downward trend. Stay alert and watch these levels!
Long
by MyCryptoParadise
3