ICPUSD trade ideas
Dead Cat Bounce Completed - New Short Opportunity!ICP clearly has been trading in a downward channel on the daily since its 96% free fall, a dead cat bounce occurred to test the upper boundary of the channel, which has been stopped out. Scalpers are clearly tiring out.
With a lack of tech, anti-developer semi closed code base, horrible market sentiment, as well as the team selling 90m tokens and VC’s owning 26% of the supply at 2 cents, I see the free fall to commence with a second test of the upper channel happening when Bitcoin moves above the $40,000 range. VC’s and the team have stopped selling which could prove for some relief in the short term.
Not many prospects, but a short here could be a pretty big win.
ICP - $108-$125 area next?ICP has done well the last couple of days. move up with strong volume and RSI just getting above 30 in the last couple days should be a good sign for more upwards momentum.
we break $58-$66 resistance area, should move up to next resistance area of $108-$125... something to keep an eye on.
not trading advice
tg
ICP USD ICP has been completely obliterated. ICP has a super cool tech. Just like back in days, when UNI was crashing until all of sudden it took market by a storm, same will happen to ICP. I have no doubts ICP will be a major player. Expecting ICP to recover with a huge bullish green candle. There is a bullish divergence on 4 hour. BEST of luck. DYOR.
$ICP bullish trend change in process2D Heikin Ashi just turned green after a long downtrend.
We just got a breakout on the 3hr ichi. Will buy on a retrace to the support levels on the chart and that should start a longer term trend change higher.
ICP :) About time =) Well, its not been the best of times to get a foothold in the market and ICP seems to be doing some catching up today.
Dead Cat Bounce for Internet Clown ProtocolAs we can see $ICP made a dead cat bounce after dropping 96%.
Dfinity have hired a fact checker,
their nodes can only be bought from Dfinity with absurd specs such as 3.5Tb of NVRam, 500+Gb of system ram, basically enterprise grade servers,
The software is all closed source or Apache licensed,
There’s zero network use (about 0.5 TPS),
Dominick, the founder tries to use “exotic” lingo for the ICP ecosystem like “canisters” and “neural networks” for existing things to sound more fancy.
26% of the tokens were bought at 2 cents with no lockup.
Dfinity team sold 90m tokens on launch.
Governance is a mess, staking is a mess.
One of the things stated is that ICP is a “privacy focused” project. When called out on this, the only way to make it private was to route through the Tor onion router (lol).
This is 2021’s EOS. All of this info is publicly verifiable. I would open a short at any price, ride down to $5 - $10.
ICP USD BTC will pump very very soon. With that in mind, ICP is all set to claim three digit price. DYOR please. GOOD LUCK!
Shorting the "Internet Computer"No one seems to know what the internet computer actually does and it's RSI is topped out. Might seem crazy to short something that is already down 60%+ this month but that is what I'm doing. Market makers can only pump this so far when no one is buying. Taking 50% profits at the first red circle and then the remaining 50% profits at the 2nd red circle.
90% Discount - Very nice value poke :)My Previous post was banned!! Original date post was on Jun 25
ICP biggest flop of 2021 - no really - just look at this 90% drop. We haven't since sort of a disaster since 2018 lol.
Not All beginnings got a great start.
This my first time doing a TA on this COIN.
What we see:
Bear, 90% drop, can't stabilize, in a wedge and possible channel could form, too much huggin on support line, should be going side ways.
I really the FIBS here.
There is a big danger of 30 broken that cause colapse to 26 or even 17. Cause the asset to do a complete 180 from last year.
Which btw i have big doubts about, but let us see.
I do however enjoy that we are getting a nice 90% discount, and i learned one thing from crypto is that underdogs always pump back.
Let us look at their ecosystem:
Ecosystem
Spread Sheet of ecosystem
More information:
www.investing.com
in their Brief:
Internet Computer is a digital token that runs on the Internet Computer Protocol and is intended to facilitate the building of software without the use of the services of Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB). Developers can now build an “open internet” at a reduced cost in a “hack-free system”.
You don't always have to analyze the future, but when they dumped their assets they got the $ and now they will wait to scoop all their ICP on the cheap, and they won't let it slide for long, after all 90% decline is a big discount.
Something to watch out for.
Fractals are coming up so that is also pretty good. At least we get resolve quick.
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
ICP incoming BullWatch this coin closely its about to turn around.
Strong buying coming in
We may see a huge pump.
Exclusive crypto opportunity - Internet Protocol (ICP)Both frames show a divergence on RSI
I place buy limits at 25
Please make sure that you understand your risks. at this point your stop is a zero level ))
for a more confident entry make sure that price makes an impulse up after a divergence and enter at a pullback.
Good luck!
ICP to $1700 EOY/Early 2022. Risk it for the biscuit boysHey guys,
I know this chart looks absolutely ridiculous. On the other hand... we have seen numerous cryptos get listed on exchanges and do a full fib extension or more after bottoming out. Akita is a great example of this. Has ICP bottomed yet? There really is no telling. It will likely be dependent on whether the $28k-29k tap on BTC was the bottom of this recent crypto correction. I do not have a timeline on this prediction, but with how crazy this market it is I would not be surprised.
Good luck fellers
bottomFirst higher-low ICP has printed during a swing low since beginning of June (2HR). The only other one before that was exactly one month ago - May 24. I think sellers are exhausted. Could still go lower depending on BTC movement. But ICP is way oversold due to unfortunate timing (release during hard BTC correction, also overpriced relative to reputation). waiting to see what happens.
The bottom for ICP-USD?Could this strange confluence of trend lines finally be the bottom for ICP? I felt that surely my trend line drawn from the low of the coinbase opening range on May 10th would be the end - my last possible level of resistance drawn, yet it's teetering on the bring of failure at this point as well, with a double bottom on the hourly.
Despite its' obvious sympathy for Bitcoins' whims, I keep watching and waiting for a sign that we've reached the bottom for a curl up of ICP. I think there is wide range upside to be had here. While the concept and "fundamentals" for ICP seems to be light on concrete physical actions, and heavy on lofty aspirations, it does seem to be a solid enough foundation for some level of consumer buy-in. I personally believe that it has potential for a good trade and wonder when this endless march downwards will end. I would appreciate any insight from those more qualified than me.
Perhaps we must just wait until the Head & Shoulders on the daily for BTC is over... see that idea here:
Thanks in advance.
LONG INTERNET COMPUTER ("ICP")Very bullish on ICP.
This trade offers a strong risk:reward with huge upside potential.
As with all crypto, it is however very determinative on fundamentals and BTC in general.
Manage your risk.
