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.
Internetcomputer
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.
Internet Computer breakout flag pattern ! Comeback ? 🚀🚀🚀Hello everyone,
The Internet Computer is on the deepest pit in the history of cryptocurrencies. 99.5% from ATH
Fundamental analysis
This is an achievement, thanks to which there is a chance for a large profit, in my opinion it is worth investing in cryptocurrencies that have not reached their previous ATH..
Cryptocurrency in recent days has been doing amazing results in terms of the number of SMART-CONTACT.
Within a month, the number of them doubled from 20k to 40k, which means high activity of developers.
Technical analysis
The best entry will be after a confirmed breakout test.
The best place to place a StopLoss in this situation will be under the last hole, taking into account the profit / loss ratio.
#1 Takeprofit $ 30, #2 Takeprofit $ 50
The RSI indicator is in a similar situation, breaking the moving average and the upcoming breakout retest.
More factors speak of further increases than decreases.
Comment and like,
Greetings
ICP/USDT i think #ICP will make us a huge profit in the next few Weeks, but we have to be careful with the entry points.
So I prefer to enter this Coin in stages in order to ensure the benefit in the rise, and at the same time in the event of a decline we buy from lower price areas in order to obtain a good average price.
GOOD LUCK!
Internet Computer (ICP) 's 5 tasks on the 4h chartICP's 5 tasks on the 4h chart
1. break the EMA125
2. break the RSI resistance
3. break the OBV resistance
4. break the volume resistance $25.20
5. confirm breakouts and have fun
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ICP forecast and possible price movements variantsTheoretically, the price of ICPUSDT is trying to find the bottom and round up.
Increased trading volumes signal that a struggle between buyers and sellers begins near important levels.
The history of ICPUSD is not very long and there has not been a clear historical minimum yet, we can only guess about "the bottom of the price of ICP" and forecast several variants of the price movement in the future.
This is what we will do:
1. Yesterday when the BTCUSDT price went down, the ICPUSDT price was holding quite well and pushing up - this is a good signal that there are still buyers, who are interested in ICP.
2. If the enthusiasm of buyers for ICP will not fade in the coming days, then from above we can meet the zone of $28-31, where sellers can aggressively activate.
If the buyers win the area of $28-31 and fix the price of ICPUSD above it, it will mean that the buyers are very strong, and they managed to break the falling trend. In this case, the target for growth is up to $56-57.
4. Smooth movement to the right with a gradual and not sharp rise in price will round up and reverse the trend, but before mid-spring you should not expect a more or less decent price to sell your ICP.
5. The price drop below $19 will mean that buyers have given up, and without a buyback, ICPUSDT price can continue to go down, up to $11 in the most negative scenario.
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Internet Computer Bottom Pattern, vs Tether (222%+)I like this pair, ICPUSDT, and today we find a break above EMA10 after the formation of a bottom pattern.
We have a volume breakout yesterday and nothing more.
We have this few signals but, additional bullish action is needed before we can confirm a price jump.
The early signals are in though, ICPUSDT trying to change course.
Namaste.
ICP - Internet Computer Protocol - HoldThis is an interesting one to watch, just going off TA this is a buy I don't even have to view the project (hold)
CRYPTOCAP:ICP
COINBASE:ICPUSD
BINANCE:ICPUSD
BITFINEX:ICPUSD
BINANCE:ICPBTC
BITSTAMP:BTCUSD
COINBASE:BTCUSD
BYBIT:BTCUSD
BITFINEX:BTCUSD
BINANCE:BTCUSD
BINANCE:BTCUSD
INDEX:BTCUSD
BINANCEUS:BTCUSD
PHEMEX:BTCUSD
FTX:BTCUSD
GEMINI:BTCUSD
BITBAY:BTCUSD
OANDA:BTCUSD
BITTREX:BTCUSD
CURRENCYCOM:BTCUSD
CAPITALCOM:BTCUSD
FX:BTCUSD
ICP Short Term Structure is bearishI have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart.
As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending channel it seems to be forming.
In my opinion the probability that we test the bottom of the channel is much higher than a bullish breakout but this is crypto and sometime the most obvious direction is simply a trap.
🔥 ICP Bullish 6-Month Wedge Bounce Into Break Out?ICP has arguably been one of the biggest losers of the past few months. Since it's inception on Binance, this token has practically only been trading down.
However, there might be some kind of relief rally coming to us in the near future. With BTC appearing slightly bullish and Stocks rebounding strongly, ICP might see more bullish price action coming to it.
Furthermore, ICP has been forming a 6-month bullish wedge, which classically signal a bullish break out.
Targets placed at recent tops.
Happy trading!
Sub $10 ICP?Ok folks, we have to look at every possibility for ICP and even though in my opinion this could be the bottom we have to take into consideration of more downside risk.Where could we go?
In this chart you see that we could possibly be in a descending channel. The bottom of that channel places us around $10 right now.
Yes. It sound's insane. A sub $10 ICP but we have to go with what the chart tells us and not with our emotional bias.
I'd encourage you to have some powder in the bag just in case.