Internetcomputer
CUP AND HANDLE SET UP $ICPThese rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns'
Hi guys, cup and handle set up on ICP.
1. Previous to 1st cup lip rise in price > 30%
2. Right cup lip around the same price as left cup lip
3. Length of cup > 7 weeks.
4. length of handle > 1 week.
5. Invalid if daily close below 50% of the cup
These rules are based on Thomas N. Bulkowski
Targets are on the chart.. would suggest running a trailing SL to get max returns on this one.
Like and follow if you found this of use.
Not financial advise.
Nice Technical tradeLooks like this is being pulled along by bitcoins current rally and the momentum has cause the price to break up and out of the previous ascending range/channel, retested the break, now currently developing support on top of the previous resistance.
This is crypto, odds are longer, trades are more fragile because liquidity can trap you.... This is really just for fun and if anyone follows this trade, they should be prepared to lose all deployed capital and possibly even more through incidental costs and tax liabilities.
THIS IS NOT FINANCIAL ADVICE, THE ONLY ADVICE IS TO MAKE YOUR OWN TRADES
ICP impulse, and a potential Great Short!BINANCE:ICPUSDT
COINBASE:ICPUSD
BYBIT:ICPUSDT
Internet Computer (whatever that means) ICP had a massive move, 32%, on a tiny 3.4mil in Volume (not $, just tokens). This was a parabolic move, shorting ICP is high risk, as general stats are yet to show weakness.
General Stats:
Daily RSI: 63.35
Daily Volume % change: 150.20%
Setting up a Short trade , I'll see how it reacts to a recent Golden Pocket, 7.90 - 7.80
Price must break below the GP
Price retests GP and gets rejected
Short Entry around: 7.8
Short Target #1 : 7.40
Short Target #2 : 6.70
Short Target #3 : 6.27
Internet Computer (ICP) forme bullish Cypher for upto 32% pumpHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP )
On a daily time frame, ICP has formed a bullish Cypher pattern.
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.
Internet Computer vs Tether (Huge 300%+ Potential)The Internet Computer (ICPUSDT) is still trading below EMA10 weekly, which signals short-term bearishness but we can expect things to change.
The huge increase in trading volume in late May is what gives it away.
And the potential is big here... Over 300%.
This pair remains oversold... Again, things will change.
Note: Remember to have a plan/strategy ready before you decide to trade.
There is always risks involved...
This is not financial advice.
Thanks for the support.
We'll see you tomorrow.
I am done. I have books to read.
Can't be here playing all day.
Namaste.
Is #ICP ready to big movement ?Hello SorooshSchool guys ,
As you can see , #InternetComputer in it's USDT pair retested the base level at the area of 6.5 dollar and if total start continuation to the upward , #ICP can make good movement from current support area
Targets are marked on the chart
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ICP Only Getting Started (115% Target)Yesterday ICPBTC closed above EMA50 (0.000281) and today we see a full green/bullish candle...
We can also appreciate really high volume today.
This is only the beginning...
Two targets with the second one sitting at 115%+ potential profits... It can happen within weeks.
Namaste.
Two Targets For The Internet Computer (128% Followed by 295%)The Internet Computer has gone bullish vs Tether (ICPUSDT).
We have a broken downtrend;
A bottom being formed;
Volume breakout;
Strong RSI.
This all points to higher prices.
We are mapping for your two targets on the chart.
128% followed by 295%.
Thank you for reading.
Namaste.
Internet Computer Chart Analysis Multiple TF (Plan Ahead)This is the daily chart for ICPUSDT (Internet Computer)...
It goes straight to the point, the signals:
1) Higher low;
2) Strong RSI;
3) Bullish breakout...
Now let's look at the weekly timeframe which is the one I wanted to show you.
We will use the TD Sequential with candlestick reading.
These two do good together since the Japenese used to count the candles as well.
ICPUSDT Weekly Timeframe (main chart)
We have a very strong downtrend/bear market, going on on the left side of the chart.
After March downward momentum builds up.
We end up with a Doji 13-June.
This Doji at the bottom of a trend is a perfect textbook reversal signal.
This is supported by the -9 candle right before it, signaling that the move is already going for too long.
We are likely to see a trend reversal.
For trades, strongly bullish above $4.60.
Secure profits on the way up...
It will get confusing after 2 weeks but this is only a relief rally which will be followed by red; planning is necessary for success.
Namaste.
ICP/BTC 1D. Sick potential. Binance.ICP/BTC 1D Chart. From the listing of BTC pair on Binance the price has dumped 97,15% as for now. The current low is 0.000196BTC per ICP. Think about the number 3 zeros and 196(which is 16 ). This is for those, who understand the meaning of these numbers. They are not coincident i suppose...
Okay, so in summer of 2021 there was an attempt to stop the dump of the price and start the accumulation. At this point a range was formed of about 110%. In october of 2021 this range was broken down. Almost since then - since september of 2021 the price has been forming the descending channel. Now the price is on the lower boundary of this channel. also the support of mentioned consolidation is now a resistance for the price.
Inside the descending channel formed a bullish wedge. Price is now near the support of this wedge. Slowly the volatility becomes lower... At the last drop of the price we saw a huge "buying" volume coming in. Price didn't hold on for a long below the previous low.
Looking at RSI(Relative Strength Index) we see a symmetrical triangle formed. This triangle was broken down, but now RSI is back into it. An important zone near the resistance of this triangle. Also using this indicator we can see bullish divergence globally formed and locally formed bullish divergence. If we break the resistance of this triangle and approve it - it's a bullish sign.
Also if the price breaks out of the falling wedge - we can see a move towards the upper boundary of the descending channel. If we come to this resistance there's a chance of breaking it. In case of breaking the descending channel the secondary down trend will be broken and we can see a move towards the resistance of previous consolidation at 0.000940(which is 13 ).
If we break and approve this resistance - the next potential targets are shown on the chart. The potential is huge if it happens.
Also you should take into consideration the idea of the project(the internet computer) and the situation that is happening now in the world. These things could probably be connected. Also notice that this is BTC pair and the raise in price of it also includes the volatility and price change on BTC.
ICP at lower price#ICP/USDT
$ICP broke down from lower line of long term falling wedge pattern.
🐮 holding the parallel trend line of lower line as support can increase price to lower line of wedge again, and break out this descending resistance will increase price toward resistance zone between $15 and $17.5.
break out from resistance of $23 can pump price to moon.
🐻 rejection from lower line of wedge and break down current descending support will drop price to lower supports around $3 and lower.
📈ICP: is the whale trap coming to open short?Hi friends! As we can see the volume indicator shows us that lots of coins have sold by big players during the last few pumps.
Now the price forming the falling wedge which is the bullish pattern. But why short is possible in this case:
1. growing dominance of BTC. Altcoins looks very weak.
2. huge resistance at the $7.4-8 value area.
3. possible false breakout or pump the same as we see previously with volume bars growth. It shows us the sellers presure.
The target for downtrend movement will be at least the $6 key level.
💻Friends, press the "like"👍 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) May-30 #ICP $ICP
The buying force continues to appear when ICP tests the $7 zone, if it doesn't lose the $7 zone, ICP can surge to the $8.5 zone, this is the resistance it needs to overcome to officially enter the uptrend then increase to the $10 and $12 zone. However, if ICP loses the $7 zone, it will fall to the $6,2 or even $5.4 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 7$ zone
🔴Buy : 7
🔴Sell : 8.5 - 10 - 12
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 7$ zone
🔵Sell : 7
🔵Buy : 6.2 - 5.4
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section