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
Internetcomputer
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
$ICP Retest ⁉️ Can be 20$ ? At a Daily candle ICP create Deschending Triangle Pattern, which mean the pattern is for reversal. $ICP is a 99% Dump coin with Good Project and Active Development Commit on Github. This project loss a lot of trust. ICP need more new investor in this bear market.
I hope this area can settle to continue the up trend until range price 10-12$. Which mean is a good for next movement. because #ICP can back to Deschending channel, Slowly but sure the price will follow. After comeback to deschending channel -> testing mid trend -> and then boom!.
This is a subjective Analysis, but for a longterm projection $ICP still have a potential. Some People's said ICP have a long projection project.
Accumulation and DCA is key 4-5-6 is a good point to entry. Cheers For a next Update about $ICP
Keep DYOR! Reanalyze, don't trust anyone in this industries. Keep learning and growing Cheers !
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.