Breakout from downward trend line. Upwards nowWe have spotted the breakout from downward trend line. Upwards now.
Are you buying?
ICPPERP trade ideas
ICP - Daily Short term Trend & Support/Resistence levelsICP now completed a correction and are ready to return to gain higher. The new opportunity at the current price
🟢 Trend: Bullish 🚀
🟢 Support: $11
🟢 Target: $140
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Current: $35
ICP still in formationYet another update on this elusive triangle.
July looks ideal now. I thought it would be sooner on previous updates.
Apparently everything centers around thee halving.
It's not going to stop inflation. "They want it" "They're" setting up most people to fail! We are doomed!
Unless you're in ICP for a net! They want you to fall out of the net.
ICP - a pig of a chart, but signs of secret coiling nonetheless?I'm heavily invested in ICP and most of it is locked up for a minimum of 8 years, so yes, I'm biased... I think this has got to be THE most undervalued project in all of crypto.
And so I'm perpetually disappointed with the uninspiring ICP/USD chart. What IS going on with that? Nothing to hold onto, nothing to indicate the price is coiling up, ready to spring out of its pattern and finally surprise crypto-heads the world over.
It's easy to draw a teal arrow, and the one drawn in this chart - as anyone can see - is not grounded in T/A. In fact, one could clearly make the case for a disturbing trend of ever less convincing highs (red curve) with chances of a drop down more likely than a pump up. Also, there is a lack of significant historic support, which makes trading ICP uncomfortable.
And I'm not saying that a drop is unlikely to occur. ICP has been taken on by crypto heavyweights in the past and may be pounced on again in the future. BUT, there is another way of looking at ICP and of trading it responsibly (if trading is ever responsible).
I suggest that for trading purposes, it is much better to use the ICP.D chart (first chart below) or the ICP/BTC chart (second chart below). These are very similar, but my preference goes out to the ICP.D chart which shows the history of ICP market cap dominance. This is a personal preference, related to my favourite way of calculating Fibs. The ICP.D chart has some interesting recent runs and drops that - interestingly - the ICP/BTC chart lacks. These pumps and drops allow fibs and trendlines to be drawn and also show some support by significant moving averages on the daily chart.
A triangle is the main feature (on both these charts) and we're right at the bottom, pretty close to some other support features (MAs). This makes me think that ICP IS in fact coiling up with investors in silk slippers accumulating ICP sneakily. But you can make up your own mind of course: I've always has a lively imagination.
Now, if I had even more appetite for ICP accumulation (which I don't - I'm already out on a limb) I'd consider buying the day we see some long bullish confirmation candle. With a relatively short stop to be activated in the event of a weekly close below the triangle. That'd be a neat and potentially responsible trade.
Note I've also added the weekly ICP.D chart with a crazily optimistic trendlines for peeps that are on my ICP buss... (chart at the bottom)
ICP/USD 1W Bitfinex to $1.75What is Internet Computer Protocol? (ICP)
Summary of Internet Computer Protocol
The Internet Computer Protocol offers a quick and efficient blockchain to enable decentralized Web3 services.
ICP is Internet Computer network’s native utility token that is used to facilitate the network’s governance and reward network participants.
Internet Computer uses innovative technologies such as chain key cryptography to run its platform.
Internet Computer Protocol is a blockchain network that aims to bring greater efficiency, speed and decentralization to computation and data storage. The project aims to address shortcomings associated with the traditional Internet, such as monopolization of services, poor systems security and misuse of personal data.
Three features differentiate the Internet Computer from other blockchain networks:
Anyone can create a decentralized application (dApp) on its blockchain platform thanks to a simplified user interface.
ICP runs on a decentralized network with dedicated hardware established by independent parties rather than a cloud maintained by centralized data servers.
The blockchain processes transactions quickly, setting it apart from other cryptocurrencies that may take 30 minutes or more to complete transactions.
Internet Computer network’s native utility token, ICP, is used to facilitate the network’s governance, compensate nodes that perform computations and to reward participants for their engagement in its ecosystem.
ICP ascending triangle will emerge 40+ Clearly a big move will be coming at the end of March - beginning of April.
Insane Clown Posse will be no joke for April Fools.
A top pick in crypto-space!
ICPUSD Elliott wave countWatching for evidences wave 2 finished 10.55.
Clearing 15.83 we will focus to the upside for wave 3 looking for price to aim for the 1.618 projection multiple between waves 3 and 1.
ICP before a major ru- ICPUSDInternet Computer has been turning lines of resistance into support. It's climbing the latter nicely. If you look at the moving average ribbon the 20-day just bounced off the 50-day and the ribbon looks nice and expanded and ready for a run upward. $37, $58, $87 look like major resistance targets (approx.).
Estimating fair value for ICP (short, medium and long-term)Some notes on ICP’s future price potential.
I’ve been trying to get a sense for the price gains we may expect from ICP going forward. Obviously – given the mountain of innovation that the project team has already delivered – the project is greatly undervalued, but what would fair value look like?
I think a good metric to use is Market Dominance, expressed as the percentage of the total crypto market value (or top X crypto stocks) that the fully diluted market cap of ICP contributes. Currently that’s about 0.32%. Looking at historic stats of market dominance of other ‘key’ coins, this is low. TON is sitting around 0.8%, MATIC historically reached up to 1.25%, AVAX up to 1.32%, DOT up to 2.25%, SOL up to 3.6%, ADA up to 4.5%, XRP up to 30%. ETH is currently sitting at ~16%. So, in acknowledgement of the enormous amount of work and development being generated by the team in the ICP ecosystem, it’d be reasonable to expect ICP’s market dominance to significantly increase going forward. Without going crazy, I think 3-5% is achievable in the medium- to long-term.
And that’s in a rapidly growing market… bringing us to the second metric I wanted to talk about: Crypto Total Market Cap. Currently the entire crypto market is valued at ~US$2.66 Trillion. That’s approximately equal to the market cap of Apple (US$2.62 T) – one single company! So where can the crypto total market cap head to from here? Finding a reasonable ballpark may require having a look at the dot com bubble back in 1999, which topped at something like US$13 T, loosing US$5 T in value in two years. So perhaps US$7-8 T is not too silly as a short- to medium term target (considering a 2024 dollar is worth not much more than 50 cents in 1999) and perhaps double or triple that for the long-term as the crypto market gets a proper foothold in the world economy.
So where that leave us ICP hodlers? Well, if we combine the awesome potential of ICP in shaping the crypto world going forward (market dominance) and the growth in the crypto ecosystem as a whole (crypto total market cap), it may not be insane to expect ICP to increase in value by 10x in the relative short term, 25-50x in the medium term and potentially 100+x in the long term, provided the project continues the course and does become a major crypto leader. As depicted in this figure. Hodl those ICP!!
ICP is the cycle outlierICP outside of the top 10 is absurd. It is the only real web 3 platform.
- Where else can you create the backend and frontend of your app on chain?
- Where else do you have an integrated governance system on a code level?
- Where else do you have a BTC and ETH layer 2s integrated at the same time, without using a bridge?
- Where else do you have AI fully on chain?
- Where else can you store a GB worth of data on chain per year for 5 bucks?
- Even when you compare basic chain benchmark metrics that people like using as a comparison to other chains, nothing comes close.
- When you look the team working on the project compared to other teams its like comparing Man City to a village team.
This project is so obvious as an investment I'm getting giddy. Easy 100B this cycle. I'm saying 100B because many people cant imagine a higher MC for projects other then BTC and ETH.
There is absolutely no need to look at charts with this project, because this is an investment, not a trade.
Stake it and live off of the rewards.
Inflation Deflator Indicator Signals Sell for $ICPID has printed a 1h sell signal. The price has retraced for a second retest of supply zone. We should get a hard rejection off this area to the previous swing low/demand zone.
Inflation Deflator Indicator Signals Sell for $ICPID has printed a 4h sell signal. Should be short from here down to previous demand zone.
ICPUSD 15 min timeframe Internet computer. USD in 15 min timeframe orderblock at 17.82 refer the the draw path.
ICP to 30.0 round numberrrr ?
big volume spike near all time low, leaving the value area to explore price upward,
30.0 is a round and easy reachable level, that would mean about 80% ROI,
stop loss should be below 15.0
ICP bullish regardless of buzzzChart looks good...
I feel 30 bucks is a minimum for icp so im allocating 10% of my profile, as a "safe play"
not advice, curious of others thoughts..
thanks
got some at 15.34 and again at 16.xx (for personal reminder)
above 200
lines with mass fib
ypping
good team
thinking 31, but potential for 160s and beyond
high 669 or so
ICPUSD targeting $55.00Internet Computer (ICPUSD) is on the 2nd straight green 1W candle following the Higher Low pricing at the bottom of the September 2023 Channel Up. As the 1W MACD posted a Bearish Cross into Bullish Cross, we treat this as the start of the Channel's new Bullish Leg.
The previous Bullish Leg recorded +470% gains. Assuming a similar rise from the Higher Low, we are turning long again on ICP, targeting the 0.618 Fibonacci retracement level at $55.00.
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ICP - Next Price Target ($23.50)Previous resistance level for ICP has now been broken at= $16.41, which is now acting as our new major Support Level.
Next target= $23.50 which will be our next key resistance level.
Likely to see sideways price action in-between $19 as well to take note of
ICP, Moon Phase andtrend toolsHow I determine the price action.
* tools...
1. SMA's ( simple moving averages)
5,10,15,20,40, section 1
50,75 section 2
200, 233 section 3
2. Fib's
a. Trend fib
b. Retracement fib
3. * Moon phase ( InSillico's 4 season)
4. BTC and news.
I start with where is the price in relation to the 200 SMA on the big picture 12 hour time frame. Is the price Above or Below.? Close or Far?
Now I look for what Sma's give the most support.. the most touches but dont break.
Place your Trend FIB. at the first place it crosses and closes above the 200's sma. it has to stay above it for this trend to be considered continuous. then extend to the highest and lowest point and now you have the trend ... keep moving the high and lowest points and the Complete move develops.
NOTE. if this was btc and it closes below the 200 sma even for a short while I would consider the move over and new one starting.
Now once you have that established. Look for a Pattern.. this is kind of subjective because some are not very clean or apparent or maybe you have two competing patterns.
Now what is BTC doing.. going up going down, sideways? and is there News... whale action, hacking, FUD, ect .. You will have to filter this info according to what you see with the chart you plan to trade.
On this chart I noticed the moon phase what working pretty well. but oddly I saw the equinox action but only saw it as a singular event. ... now that it took off I was happy but decided to look back further and the winter solstice gave some serious action too and then the full moon gave some great action too. unfortunately not all the way tot he new moon but that is what stop losses are for.
Lesson .. always keep a sharp eye for the previous action for possible future out comes.
Cryptolean Internet Computer ICP UpdateICP is trying to push into the bullish territory in the daily chart above $13.54.
A bullish daily candle closure above $13.54 and a sustained price action above this level will result in a move towards the key daily resistance zone of $15.27-$15.94.
An inability to sustain the price action above $13.54 will lead to (1) a dip into the daily range zone where ICP price action will be choppy and (2) a slow move to $12.06.
Bears will be more active towards $10 upon a bearsih break-out of $12.06.
Cryptolean Chainlink $ICP Update After being unable to re-claim the key resistance zone of $15.27-$15.94 and forming a double top, ICP declined sharply to $12.06, the key daily support.
A bullish reversal from $12.06 is likely, assuming we see back bullishness in Bitcoin, and will result in a move to re-test $13.54, however the price action may be slow and choppy.
A bearish break-out of $12.06 will push ICP price in the bearish territory and will increase probability of a deeper correction towards the key support zone at$9.66-$10.33 and, possibly, lower to $8.06.
Intraday Chart
The ICPUSDT 4-Hour chart is bearish and trading very close to the key intraday support zone at $10.62-$11.43.
(1) A rejection of $12.58 or (2) a bearish dip and a bullish rejection of $10.62-$11.43 will lead to a upward move towards $13.54 and, possibly, higher to $15.32.
A bullish break-out of $12.58 will push price to re-test $13.54 and possibly $14.43.
Support once read!
Thank you.
ICP H&SHere is what I see. Inverted head and shoulders, now retest the trend line, then off to $23 or more.
