Internetcomputer
ICPUSD decision time - short termWhat we can see on the chart is a symmetrical triangle pattern .
Take a position only if/when the price breaks out of the triangle.
If the price breaks down, enter short.
If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck
ICP Unchained?Bearish Idea
ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5.
Bullish Idea
FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a chance ICP to get rid of it's chains. In that case, if it can break the upper trendline(the black one), then we could expect more rise up to 9.80.
For the both case, I think we should wait for the comformation.
Not a financial advice. I am just correcting my previous graphs.
Bearish Scenario For ICPWe should always consider the two scenario, Bullish and Bearish, for the market. I already shared my Bullish idea about ICP with the double buttom formation. Now, let's consider the bad scenario. ICP looks like copying the same pattern which it did on May-June 2022. If the price goes down from 4$ we could expect huge dump on the price until 1.40-1.50$. Unforutenately it still could not break the ressistance trend line so we should be carefull on this coin.
ICP bullish scenarioThis is my view on ICP from technical perspective :
The correction from 31 th July - now is not as deep as correction on btc
Still higher low from 18th June low
The 31th July high could be an impulse wave (volume confirmed)
Any further correction below $5.2 would be a good opportunity to have spot position
Invalidation at below $4.6
(not financial advice)
#btcstarburst Should you accumulate?Will ICP continue to fall… This is high risk with high reward… DCA safely… There are many investors that hold tons just waiting for this to explode so they can unload. However ICP could have the potential long term so… At $5 is it worth it maybe? If it jumps in the grid… but it may take some time? BITCOIN is being fickle… this is a study into Gann grids… Be safe …. This is high ris DYOR
DAY 13: #ICPUSDT (#LONG)More trading signals and their results, in my channel, link in the description
DAY 13: #ICPUSDT (#LONG)
1% of the deposit
Margin: CROSS
⚖️Leverage: x10-20
🗝Entry point: 5.250-5.300
🎯target 1 - 5.505
🎯target 2 - 5.731
🎯target 3 - 5.986
🎯target 4 - 6.287
🎯target 5 - 6.823
❌stoploss: 5.094
(PENDING ORDERS - 5.160 2%)
Falling wedgeThe falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend.
I very often see how at the end of a pattern the smart money takes advantage of the liquidity and that's why I think it's possible to see $5 or $4.50 for ICP as there we need to have an order because the price will very quickly go down there and come back quickly
ICP looks promising: breaking update❗Hi friends !recently ICP were the most famous altcoin and a lot of newbie wanted to buy it. Now it`s close to the dip and after the breakout of the key level make nice pullback.
🚩 As we can see the ICP make something loke reverse head and shouldders and i ghope it make some pullback to accumulate the power before the PUMP.
📊 Preconditions to open the long:
🔥 volume growth confirmed that big player accumulate the ICP. Also we see how the volume had grown at the local highs of ICP. A lot of small traders were trapped
🔥 local pullback and squeeze to the trendline
🔥 bullish BTC help all the alts reach the targets
🚩 DOM and Footprint are the tools which helps me to identify the whales BUY and SELL orders wall. The whales orders very often reverse the price. Also, we can open our longs with short stop loss below this order walls and highest RR ratio. I hope to see the buy orders on the pullback orduring the squeeze to the trendline!
📊 The targets:
1. $8-8.5 - closest value area and resistance for bulls
2. $10 - key level and even number shich is psychological resistance/support
Traders, do you remember ICP? Write in the comment!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Internet Computer (ICP) formed bullish BAT for upto 50.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP ) with US Dollar pair.
Previously we had a nice trade of ICP:
Now on a daily time frame chart, ICP has formed a bullish BAT pattern. There is also a hidden bullish divergence as priceline is forming a higher low but RSI is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade