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ICPUSD trade ideas

A Bounce off the 1.618?ICP has been a disappointment for many, I would imagine. Including myself... A lot of social media hype behind this one, but the time may be coming soon for a real rally up. A nice falling star through the 1:1.618 extension last week and currently fighting resistance from previous consolidation low. A small chance that we will see lower local lows for this asset, but never impossible. If that were the case, a retracement to the larger time frame 1:1 would be an ideal area; and inside that ratio band is the POC. With its market Cap currently at 2.7B, this Computing coin could have a nice topping area in the future. -Not Financial Advice-
COINBASE:ICPUSD
by TheGemHunter
ICP Trading Plan: Buying Dips with a 1:3 Risk-Reward RatioLike most altcoins, ICP has been declining since December. At the beginning of February, it reached a key support level around $6. After this drop, the coin began to consolidate, but recent price action suggests a potential reversal to the upside. A confirmed breakout above $7 would strengthen this outlook, potentially leading to a test of the psychologically significant $10 level. I’m looking to buy dips in anticipation of this scenario, aiming for a minimum risk-to-reward ratio of 1:3.
BINANCE:ICPUSDLong
by Mihai_Iacob
Wave2 Nearing Completion: Bullish Momentum for Internet ComputerWave 2 Analysis Wave structure analysis suggests that ICP has been following a five-wave impulse pattern. The first wave began in December after ICP hit a low of $2.70 in September. By March, ICP surged to a high of $21, marking the end of the first wave. The second wave, which is a corrective wave, saw ICP retracing to the 0.786 Fibonacci retracement level of $6.58 by July. This level has been retested multiple times, indicating strong support. Current Market Sentiment The recent price movements show that ICP has been trading sideways, forming an ascending triangle pattern. This pattern is typically a bullish continuation pattern, suggesting that the price might break out upwards. The Relative Strength Index (RSI) indicates that ICP is not overbought, providing room for further upward movement. AI Narrative and Decentralized Cloud The AI narrative and the shift towards decentralized cloud solutions are significant factors contributing to the bullish outlook for ICP. Centralized cloud providers like AWS, Microsoft Azure, and Google Cloud dominate the market, but they also pose challenges such as high costs, regulatory issues, and susceptibility to political pressures. Decentralized alternatives like Internet Computer aim to democratize cloud infrastructure, reducing reliance on centralized entities and fostering innovation. Conclusion Given the wave structure analysis, strong support levels, and the growing narrative around AI and decentralized cloud solutions, ICP is poised for a potential bullish breakout. If the price breaks above the ascending resistance, it could mark the beginning of the third wave in the five-wave impulse pattern, leading to significant price appreciation.
COINBASE:ICPUSDLong
by sirnur
2
ICP rocket ride coming soon..ICP has great fundamentals but has under-performed the rest of the crypto market. With ICPanda (icp project) linked to deepseek, the potential for the upside is HUGE. Potential price manipulation by institutions to scoop up cheap ICP. Technically, the chart looks poised for an explosive move up. It has broken out of a long term resistance (yellow down-trending line) and is now back testing. It has done this in the past and seems to be repeating a similar move. In addition, there's a confluence of technical signals as its also at price support (blue line) that is now at support which has held for a year after being resistance for a year. RSI is oversold and IMO, price should return back to $70s at the very least. Nothing is a guarantee and anything could happen. This is not financial advice.
BINANCE:ICPUSDLong
by H8rH8r
1
ICP's unique properties according to Grok The Internet Computer Protocol (ICP) stands out from other cryptocurrencies due to several unique properties: Decentralized Internet Infrastructure: ICP aims to create a decentralized internet where traditional centralized services like cloud computing are replaced by a network of independent data centers worldwide. This structure is intended to reduce the control of big tech companies over internet services, offering a more open and less centralized internet model. Scalability and Speed: Unlike many traditional blockchains that face scalability issues, ICP uses a subnet system where each subnet operates as its own blockchain. This architecture allows for high scalability and the ability to process up to 30,000 transactions per second, matching web speeds for application performance. Low Transaction Costs: ICP implements a "reverse gas model" where users do not typically pay for transactions directly. Instead, developers pre-load "canisters" (ICP's version of smart contracts) with "cycles" which are used to pay for computation. This model reduces the cost for end-users, making it more attractive for developers to build decentralized applications (dApps). Smart Contracts (Canisters): ICP's smart contracts, called canisters, are more versatile than those on other platforms. They can handle HTTP requests, serve web assets directly from the blockchain, and run at web speed, allowing for complex, interactive web experiences without reliance on traditional hosting. Chain Key Cryptography: This is a unique cryptographic system that ensures the security and integrity of the network. It involves distributing cryptographic keys across data centers to prevent any single point of failure or control, enhancing the security of the blockchain. Network Nervous System (NNS): ICP includes the NNS, a decentralized autonomous organization (DAO) for governance. It allows token holders to vote on network changes, upgrades, and node participation, ensuring community-driven development and maintenance of the protocol. Interoperability: ICP has mechanisms like chain-key tokens (e.g., ckBTC) that allow for seamless interaction with other blockchains, such as Bitcoin, without intermediaries, thus promoting interoperability in a decentralized manner. Energy Efficiency: ICP is noted for being one of the more energy-efficient blockchains, consuming significantly less energy compared to Proof of Work blockchains like Bitcoin, making it more environmentally friendly. Native Token Utility: The ICP token serves multiple roles including governance, staking for rewards, and as a means to buy "cycles" for smart contract execution. This multifaceted utility provides economic incentives for participants to secure and expand the network. Direct Web Hosting: Developers can host decentralized websites directly on the ICP blockchain, providing an alternative to centralized hosting services where data and control are more transparent and less susceptible to censorship. These properties collectively position ICP as a platform that not only aims to host cryptocurrency but also to fundamentally change how the internet and its applications are built, managed, and used.
COINBASE:ICPUSDLong
by BGMind_Control
ICP breakout expected as positive cashflow is achievedInternet Computer Protocol is a unique project, that allows investors to accurately assess fundamentals. 2024 has been an amazing year for the project: ICP has been recognised as being the fastest blockchain in terms of max recorded transactions per second, outperforming Solana by more than 3 times (Cryptogics November 2024). In terms of compute, ICP is frequently burning more than 1 trillion 'cycles' per second, approximately 200x the 5B cycles/s it routinely burned a year ago. It is also reported to be the cheapest for transactions and data storage, by one or more orders of magnitude, depending on the blockchain it is compared with (Token Terminal December 2024). More than 4Tb of data is stored on ICP, more than 3.3x the data stored on Ethereum and potentially more data than is held on-chain by all other crypto projects combined. ICP is attracting developers at breakneck speed (3rd preferred blockchain for new developers), with fees collected up 40x year-on-year (Token Terminal December 2024). These metrics are impressive, but despite the heavy-hitting results booked to date, ICP is still ranked 39th with a market cap of (just) US$4.1B in the CoinGecko list of crypto projects, well below projects with no or little utility. This has led to some insiders referring to ICP as 'crypto's most undervalued project'. This month (January 2025), ICP will achieve 'positive cashflow', defined here as the point at which revenue from compute (ICP burned) exceeds the cost of the network (ICP minted to reward node providers). Refer to my post on Nuance for more detail (nuance.xyz). Apart from this critical milestone, the tokenomics of ICP are such that effective deflation is affected by the value of the ICP token. I built a model described in another Nuance post (nuance.xyz) that estimates deflation (defined as a decrease in the ICP circulating supply) to be achieved in 2028, but at the current depressed ICP price below US$10, effective deflation will be achieved before this Christmas!! In the context of the above, I expect ICP to increase significantly in value this year and given the chart provided here, my expectation is that the price of ICP will flip on a dime this week with the news of ICP achieving positive cashflow ('operational profit'). My view is that 10x is achievable in 2025. I do not provide financial advice. The above expresses my personal view and may be way off the mark. Please do your own research but feel free to comment.
BINANCE:ICPUSDLong
by Fractaleer
ICPUSDDom.icp has been posting a lot on X attempting to calm the community and give confidence in the coming CAFFAI and ICP tech. While useless meme coins are pumping it seems we have lost site of blockchain and it's intended possibilities. I am in this for the long-term with all of my ICP staked indefinitely. My hopes are that in 10 years ICP will be the dominant player in this space with tech being used by many. I have read charts that show ICP had a double bottom already and should be ready for a mass upward movement. I never saw that and still think it's possible we have a true DB back down at the $3 area, especially if BTC corrects majorly like many are calling for. TRUMP coin is also shaking up the crypto market and may shake out a lot of useless tokens. My plan is to buy a lot more if we break $6.85 and cost average on the way down.
COINBASE:ICPUSD
by BeefStew
[ICP] INTERNET COMPUTER could make a (+350%) to (+445%) riseICP could make huge gains if closes a weekly candle above $12,33. It is above anchored vwap from dec 2021 and is trying to break the acumulation that has been occurring for almost three years alongside with moneyflow increasing in the monthly timeframe. If it could maintain above the price mentioned will increase the probabilities for it. The target is between value area high from last bull run with fibonacci retracement level from sep 2021 high to sep 2023 low and a monthly level. TARGET: $51,75 TO $62,83 up to (+445%)
COINBASE:ICPUSDLong
by Miketubarao