THE ICP STORMHello guys,
Continuing my previous bitcoin's post of buying the dip opportunity. I share with you the altcoin project for which i have the most ambition. In my mind, and that's my own personal opinion, ICP is a game changer, in the alt industry. I'm pretty close to be a BTC maximalist but there is a few project that at i like in the crypto sphere. I let you do your own researchs.
For now let's look at the ICP/BTC chart (cuz it's my job right ?) and i'll not lie, i see a gorgeous trade opportunity for people who trust in the project. I have been waiting for so long to see this pattern finally complete (nearly one year). I'm in for the run. Wish me good luck.
Feel free to comment my idea.
Hope you are enjoying my work, like and follow to support me.
Have a nice day ladies and gentlemen.
As always i'm not a financial advisor, you invest and you trade at your own risk.
Internetcomputer
ICP to $9?A lot of alt coin charts are looking the same. Bearish price structure with indicators flashing bearish signals.
The daily RSI recent broke down out of a line of support it established back in December and it looks like we just had a bearish retest.
All of this combined with current market sentiment is telling me that there could be real capitulation before we break higher.
In my opinion we could head down to the falling wedge line of support before we break higher. Right now that support is at around $9.
🆓Internet Computer (ICP) Apr-12 #ICP $ICP
ICP is retesting the bottom of 16$ and is a good opportunity for us to buy ICP. In the near future, ICP may increase strongly to the $24 zone or even stronger. However, if it loses this $16 zone, we need to be careful because it can fall very strongly to the $14 or $12 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 16$ zone
🔴Buy : 16
🔴Sell : 18 - 21 - 24
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 16$ zone
🔵Sell : 16
🔵Buy : 14 - 12
❓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
<ICP> support and resistance zone. 20$, 40$, 60$,100$I present the idea of who trades the ICP instrument, the levels are for informational purposes, the price can be at any point, everything is at your own peril and risk. At this moment, we have a seller who sold hard and aggressively in the zones of 100, 60, 40 and 20 dollars, the last sale in the region of $ 20 was broken, a buyer appeared, let's see what distance he can withstand, it all depends on the zones of the seller, and they strong, be very careful in these areas. My target and scenario is a five-wave buying structure to the $100 zone, but things can be different and you should be ready for it. All profit.
🆓Internet Computer (ICP) Apr-04 #ICP $ICP
ICP is accumulating in the 20-22$ zone so it can continue to move up to the $26 and $30 zone. The selling has also decreased as it can't make the ICP drop any more.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 20$ zone
🔴Buy : 22 - 20
🔴Sell : 26 - 30
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 20$ zone
🔵Sell : 20
🔵Buy : 17
❓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
The bulls abandoned the area below; Myth or certainty?Internet Computer Coin got rid of the downward plug and has recovered about 45% of its cost since early March.
ICP Coin price is moving towards the short-term resistance level at $24, wherein a higher-high, higher-low formation is shining.
In the intraday trading session, the bulls are struggling to propel the price above the 100-EMA resistance.
The Internet Computer coin's daily price chart is watching above the 20 and 50-day moving averages and bulls are coming to reclaim the coin above the 100-EMA line (standing as a longer-term resistance).
The Relative Strength Index (RSI) saw a sharp rally since mid-March, with the RSI approaching overvalued territory on the daily time frame. RSI appears at current level (70-points) after 7 months; Buyers can celebrate this occasion with high price stability.
The ADX indicator is at 26-level at the writing period, which suggests strength in bullish momentum for the Internet Computer coin.
The overall price action of Internet Computer Coin is bullish and key technical indicators are supporting the bulls. For this week, the 100-EMA is likely to be a resistance level the bulls need to retest the price above it.
Support level - $15 and $10
Resistance level - $27 and $35
Internet Computer Two Bullish Signals | Aiming At 85%+We looked at ICPBTC (Internet Computer) yesterday...
Let's have a look at ICPUSDT today!
We have two signals to look at on this chart.
First, the MA200 indicator.
When this indicator is moving down coming from above, prices tend to gravitate towards this line.
MA200 is the black line on the chart.
And we have the Adam & Eve bottom which we looked at many times a few days ago...
The indicators are bullish; ICPUSDT can also grow.
Leave your questions in the comments section.
Let me know what you think of today's charts.
Namaste.
Internet Computer Chart Analysis With 160%+ TargetIf you have been reading my articles lately you are already familiar with the Falling Wedge pattern... This one is a classic and tends to work in our favor most of the time.
Here we can see that ICPBTC has already broken bullish out of this pattern while moving and closing above EMA10.
Today we have a challenge of EMA50 on increasing volume;
Bullish indicators... We know what comes next.
We can expect prices to grow, this can be a nice/strong bullish wave.
Remember to set your sell orders on target right after buying...
Then sit back, relax and just wait.
This is shared for your learning and entertainment only.
This is not financial advice.
Thanks a lot for the continued support.
I hope you make tons of money trading.
I hope you attain the freedom that you are looking for.
Namaste.
ICP Weekly is a must watchNot a Financial Advisor.
I've been away for a bit - Market looks much nicer!
So I've been working on ICP projects (NFTs) during my absence
I firmly believe this coin will be 4 figs - the development being done on this blockchain is state of the art. Truly remarkable. Developers all know it, few get to see that side, it's going to incredible in the coming years.
ICP is a long term investment - you can make money in the short term likely to hit $100 in the next 8 weeks in my opinion.
BTC integration coming. ETH integration coming before 2023.
This small community is going to continue growing, ICP should turn heads this year.
Breaking major downtrend on the weekly - look into the BTC integration - how many coins have been burned, should help research.
ICP reversal SignsLooking at that the RSI, it made a higher low and the candles made a lower low. The RSI is showing a bullish divergence. Also the price has been falling into a wedge, meaning its running out of sell pressure. The monthly support is at 20$ acting as a resistance right now. i can see that giving and hitting $35 as the next stop. have to see the pattern payout once we're at $35. over all outlook. i can see a reverse head and shoulder playing out to $80. This will take sometime to unfold
ICP to $38 in April?If we continue to see BTC pump into spring time I think it we can expect alts to follow.
I expect ICP to head toward the point of control of this lower price range at around $20. This would coincide wit a break of the descending wedged.
It would then be reasonable to see a bullish retest at the top of the wedge before a continuation to what I consider the first major level at around $38-$40.
A break and hold of $38-$40 would confirm a macro reversal. I expect ICP would challenge that $87 local high shortly after.
I think we could see the retest of the $38-$40 by mid April.
Internet computer #ICP : Longing plan ICP is trading inside a Huge falling wedge and we have a smaller falling wedge inside the bigger wedge. Currently, The price is getting squeezed and if Smaller wedge resistance break upwards, We may see the price get gravitated towards the larger wedge resistance.
Falling wedge patternAs I always harp on about, you should have a very distinct idea of where your stop loss will be placed when you trade any position, and wedges are no exception.
One of the most common areas to place your stop loss when trading wedge patterns is just above or below the retracement immediately prior to the breakout. This is the point at which the market has proven your setup invalid.
The below image illustrates a common area where traders tend to place their stops.