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Internetcomputerprotocol

ICP: Pullback in UptrendThe Internet Computer (ICP) technical analysis: Trade setup : Following a bullish breakout from Sideways Channel ($3.50-$5.00), indicating bullish trend reversal, price also broke above $6 resistance with big volume, resuming Uptrend and reached our target of $7.50 where it was met by profit taking selling from traders. Pullback near $5 support could be an attractive swing entry in Uptrend. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistanc e: Nearest Support Zone is $6.00, which it broke, then $5.00 and $3.50. The nearest Resistance Zone is $7.50, then $10.00.
Long
by altFINS
ICP: Pullback in UptrendThe Internet Computer (ICP) technical analysis: Trade setup : Following a bullish breakout from Sideways Channel ($3.50-$5.00), indicating bullish trend reversal, price also broke above $6 resistance with big volume, resuming Uptrend and reached our target of $7.50 where it was met by profit taking selling from traders. Pullback near $6 support could be an attractive swing entry in Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $6.00 (previous resistance), then $5.00. The nearest Resistance Zone is $7.50, then $10.00.
Long
by altFINS
1
ICP: Approaching ResistanceThe Internet Computer (ICP) technical analysis: Trade setup : Bullish breakout from consolidating in a Sideways Channel ($3.50-$5.00). It’s now approaching 200-day moving average (resistance) around $6 and it’s overbought (RSI ~ 70), so it’s likely to get rejected here and pull back some near-term. Wait for price to either 1) break above $6 to resume uptrend with upside potential to $7.50, or 2) pull back near $5 support for a swing entry. Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $5.00 (previous resistance), then $3.50. The nearest Resistance Zone is $6.00, then $7.50.
Long
by altFINS
(ICP) Internet Computer EOY Price TargetsDfinity’s Internet Computer (ICP) has been featured on crypto news websites more as of recently, especially after the FTX crash. There’s been rumors that they manipulated the price action of this coin because they were scared of the public finding out about its groundbreaking technology. The truth can only stay hidden for so long, it’s only a matter of time before the masses figure it out. In recent news on the ICP blockchain, the Internet Computer can now serve as a Layer 2 for Bitcoin where smart contracts on the Internet Computer coan hold, send and receive Bitcoin natively, without the need for blockchain bridges or other third parties. This provides a trust-less foundation or various DeFi and Web3 applications looking to code on the Bitcoin blockchain. This is game-changing for the industry, finally brining smart contract functionality to Bitcoin and enabling a whole new landscape of DeFi and DApp development that was previously only dreamt of. The Internet Computer’s integration with Bitcoin also provides a mmore secure alternative to centralized bridges in the form of threshold ECDSA (Elliptic Curve Digital Signature Algorithm). The implementation of ECDSA empowers the Internet Computer’s canister smart contracts, to directly conduct Bitcoin transactions without an intermediary or bridge. This provides a trust-less framework for DeFi projects that wish to use Bitcoin and doubles for ICP developers to natively code on the Bitcoin blockchain. There are now 200,000 canister smart contracts deployed on the Internet Computer. At the same time, the network is casually processing 10,000+ TX/s! This is truly an achievement showcasing the incredible ICP developer ecosystem and the scalability of the Internet Computer. Now moving into the technical analysis side of things, looking at the 12-hour chart we can see a clear pattern of capitulation, manipulation, and accumulation. This pattern was seen from $975 on ETH in the summer and this looks eerily similar for some reason. I know Vitalik has said in a small press conference with no major media outlets that Dfinity’s Internet Computer was a sister network to the gargantuan ETH blockchain, but didn’t expect the charts to coincide like that. Anyways, the capitulation period during the start of November was accelerated by the FTX crash & accompanying ripple effects, and then for the rest of the month we spent in manipulation underneath the major accumulation zone found from the lows formed in the summer (July capitulation event). From here, i’m expecting continued consolidation around this accumulation region at $4.30 - $4.60 before an eventual breakout to my (2) target profit levels: TP1 🎯 $4.99 TP2 🎯 $5.59 The first $5 level acts as this range’s EQ with the top of the EQ being TP2 @ $5.59. The accumulation zone is phenomenal for long term scooping and could potentially come out as a bottom. Although it may occur, i’m not expecting one giant candle upwards, it’s going to take some time to play out as we just 1st touch rejected off of the $4.60 level. You can zoom back in the charts and find that is the swing low from the July capitulation event. Huge level of support turned resistance that we are currently trying to breakout from. As always please do your own research, I am not a financial advisor.
Long
by kyer
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
Long
by moon333
Could ICP actually break to the upside for once?If we have indeed already found are market bottom, then we may actually see ICP break upward for once in its existence. If it does the target is all the way up at $11. It’s hard to trust this asset considering how far it has fallen, but at the same time, if there’s ever a chance this one can find a way to ever set a new all time high and I bought in at this level, I would stand to make a crazy profit if I could HODL it for that long (if it ever even comes close to its ath). Most people that would take this current trade would likely probably take profits once it hit the target which is always wise, however I may buy such a small portion here that letting it sits until a possible new ath wouldn’t phase me at all…grabbing a small amount here with money I can afford to lose is worth it I won’t have to stress about when to get rid of it and if I get lucky enough to see ICP hit another ath I can take it out at that point. If it continues to dip no big loss for me as I have nothing major invested in it anywyas *not financial advice*
COINBASE:ICPUSD
by DrDovetail
ICPUSD No overexcitement about rise. Observe this potential top.The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be concerned of this 1 week trend and a potential continuation. As you see on this chart, every time the price broke above the 1D MA50 since November 2021, it didn't stay there for long and resumed the long-term bearish trend. This time period is depicted by the blue circle. As a result, if the price exceeds this limit and hasn't made a Higher High, best to sell ICP back towards its 4.60 Support. If on the other hand it breaks above the circle, buy the break-out targeting the top (Lower Highs) trend-line of the Megaphone. On the long-term, only a break above the 1D MA200 (orange trend-line), is technically capable of reversing the sentiment to bullish. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ICPUSD
by TradingShot
4
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.
COINBASE:ICPUSDLong
by StofAxeCapital
3
Internet Computer Protocol 4HIn this chart, I identified the following: - Nearest Strong Supply area for 4H (there's a hidden demand there if you go for an LTF ) - Lower Highs - Higher Lows - LH + HL = Triangle - Price gets rejected three times trying to break but still got rejected but selling pressure is not enough to continue the price to the downside and break the triangle - We saw a double bottom causing the price to increase which left a good footprint to buy again and rally to the next high but eventually traded lower again and found a new demand zone I have an entry at 19.7, 20.14, 20.18 Looking to swing this to $30 if possible it gets a 60%+ price increase the following days (especially this week) 1st week of February.
by xFutures
2 Scenario for ICPICP is a victim of VC's. I have no idea why the the team messed up on tokenomics so much. I believe ICP drawing a Falling Wedge on Log Scale. It touched the lower band of that falling wedge. Since it is a long run investment for me, I bought some ICP on 19$. There is a FED meeting on 26 and I believe Market will decide its direction after that meeting. In any case, Lets make our guesses. Scenerio 1: ICP will increase to the 30$ range and break that pattern to upside and more increase can be expected. Scenerio 2: ICP will increase to the 30$ range and fall back to the lower band again... I hope not, but I am still saving some money for this case. This is my trial. Not a financial adviice.
by Dantefe
icp Long swingicp had a clean 5 wave impulse recently, and retraced back down perfectly into the golden zone. i think this has the potential to make a run to the 100% extension in the months ahead, if btc decides to be bullish. i'm feeling kind of optimistic with crypto, despite some of my bearish outlooks. the way i see it, if i'm wrong about the bear case, then i at least have some long exposure going forward. caught icp near the bottom of the wick earlier, and i've a decent stop loss on it. setting & forgetting this one. if i get stopped, so be it. 🍑
FTX:ICPPERPLong
by notoriousbids
1