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.
ICPUSD trade ideas
ICP/USD (REQUESTED CHART 5)! BULLISH!ICP looks good here. Currently, hovering near the lower trendline of the big falling wedge.
It is trading inside a falling wedge like structure. Also, a bullish divergence occur in 2D time frame. So it is worth buying here and SL will be if any 2D candle closes below $18.5
If you are holding this then hold it with the given SL.
If you want to buy then buy now and hold it with given SL.
If you like this idea then show your support with like and follow.
Thank You!
ICP might go lower, but at good buy pointICP could be the buy of a lifetime for some people. It is on a fire sale at the moment and possibly could go lower. It's also possible this the capitulation moment as The RSI is is showing bullish divergence. If you like this project it might be time to start nibbling as it's upside looks to be incredible.
*Time in the market rather timing the market*
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.
ICP Most bullish chart in top 100?Okay, everybody is super bearish right now and bullish perspectives are far and wide. Hopefully we can separate ours emotions from what's happening in the charts and see that ICP actually has an extremely bullish set up and you may not get another chance until the real bear market to buy at these prices.
Note: I normally use log charts but I'm finding that a linear chart works better. So you will see some of my previous analysis on log charts but I am going to be switching to linear charts from now on.
1) ICP broke out of a long term diagonal line of resistance in the beginning of January. You could say the most recent drop was simply a bullish retest of the diagonal line of resistance.
2) The break out was a bullish breakout out of a falling wedge. UNLESS this is a fake-out we can expect expect to see prices go to the red box.
3)Volume has picked up significantly. Signaling that the break out was not a fake out.
4)Weekly RSI is bullish af. It's in deep oversold territory plus the bullish divergence is really out of control.
How can you look at this set up and be bearish? Of course anything can happen and BTC just brings the market down further but if we take our emotions out of the equation and only look at ICP's chart. This might be the best set up in the top 100 cryptos.
What do we need to see happen?
We nee to see a clear break out of the $38 range. Until then we're just messing around in the dirt. A break of $38 and holding it as support is as bullish of a confirmation as you could as for.
ICP - The best crypto play of 2022?- 95% down from ATH (capitulation)
- Been in downtrend/accumulation, even whilst other top 100 coins had alt rallies.
- Lower low on the weekly with bullish divs
- Lots of empty space to run into
I'm aiming for $250 by Dec 2022, a gain of >600% from the current price of $34.
We will see if this prediction ages like milk or wine in just under a year!
Ciao.
ICP >90% Retrace Support PlayBINANCE:ICPUSD is Bullish. After retracing 90% this is an investor's dream bottom play. Play the support/resistance lines as it works its way back up or hold long.
- 50% Position Buy @ Support
- 50% Position Buy @ Trendline Breakout
This is one of those plays that may not go right away. Low risk buy if willing to hold. Opportunities to play the range for traders.
ICP might finally be a long term buyICP has been down in the gutters for a LONGGG time
It's been showing some volatility lately and has been moving contrary to bitcoin in an upward trend
Looking on the daily chart it is hard to identify the trend but when looking at the the weekly chart you can see it.
IM NO SCHOLAR!!!! but I tend to be rightive placed a (1,2,3,4) and a (A,B,C) correction.... so far it has done a 1-2 correction I expect IPC to be huge.
Once ICP hits double money at $54, there could be a scalp again at $38 or just straight through up
to $54 and after that a sell off to $30-$33.....
HEAVY BUY at RETRACE---- sell at $76 for scalp or hold---well see
ICP Hold for a lifetimeNot Financial advice.
After looking at this chart, I have a lot of confidence that this might be one of the best projects in crypto. (Zoomed out for weekly - awaiting data on monthly)
Short term you will see this make its way to lower 40s ( I believe a slight pullback before breaking the 200 MA) 200 MA is at 44 on daily.
This has a low supply of coins in comparison to most crypto.
The current market cap is 6.3 Billion $33 So a ten X isn't out of the question. $330 per coin.
I do believe this has the ability to get into the top 10 by 2024 - You have to read into the project and see how things are panning out.
Integration with BTC & ETH - thats going to be a game changer.
NFTs - Exchange - Games just like most - The speed simply can't be matched. I see this becoming the best to build on web3
DYOR
ICP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ICP is sitting around a strong round number 20.0 so we will be looking for buy setups.
on DAILY: ICP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ICP would be overall bearish can still trade lower till the lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ICPUSD buying opportunityDear traders
In our opinion the current situation in ICPUSD chart is a typical fakeout. ICP broke below the crytical support and created new low. Taking into consideration the current market conditions (extended fear and potential bullish breakout for BTC) , we expect ICPUSD to come back into the range soon.
27 - 80 usd is an accumulation range. Once we break it, ICP is going to fly. However, we expect longer accumulation (6-8 months) .
Multiple profit taking levels for those who wants to trade inside the accumulation range.
Hodlers shouldn´t be worried. Buy , hold and be patient. Patience is a key.
ICP dumped hard like every new coin. Remember CRV listing? Where is CRV now? Don´t sleep on ICP
This coin may be the best bet for 2022. Strong fundamentals.
Moreover, web3 sector is going to have its hype in 2022
No financial advice