ICP UpdateTook profits at first target
Orders currently at 8.80 - will expect a reaction from there hopefully to second target
Could dip to lower support
ICPUSD trade ideas
A little ICP relief Sigh,
Finishing a brutal broadening pattern and we are bouncing off a newly discovered trend line.
Well the good news is ahead of us, try not to dwell on the past.
Let's see where this takes us.
Long term this chart looks amazing.
One last chance before final takeoff $ICP 🚀🚀🚀This is what CRYPTOCAP:ICP looks on the weekly time frame. PA has made it's way to EQ and now it's in the process of filling in the gap near the demand zone. You will get one last chance to fill you bags before take off.
ICPUSD (Daily) - Bullish wave We2Hi Traders
ICPUSD (Daily Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 14.34 after the market found support at 10.37. Only the downward break of 10.37 would cancel the bullish scenario.
Trade details
Entry: 14.34
Stop loss: 10.37
Take profit 1: 19.98
Take profit 2: 25.90
Score: 8
Strategy: Bullish wave We2
ICP accumulated staking for 10 yearsI calculated and showed on the graph how much you would earn after 10 years of ICP staking.
That is only if you stake icp and lock it for 8 years, and enable the option to restake maturity.
After 10 years you can disable the option to restake and then you get the amount noted in the graph/month and per icp you buy now (2024).
ICP- Next leg up above 20usd mark?As you may have observed, I am optimistic about BINANCE:ICPUSD for numerous fundamental reasons. However, in this post, we will specifically delve into the technical aspects.
As elucidated in my previous analyses, the breakout above the resistance of the falling wedge has the potential to signify a change in trend, and indeed, it has. The recent peak at 16 was succeeded by a correction. The reversal, occurring just above 10 and characterized by a robust bullish engulfing, may indicate the conclusion of this correction.
As of now, the price is trading precisely in the middle of the recent range at 13, and it is likely that a new upward movement will ensue. My target for this upward movement is the 22 resistance level, and considering a stop loss set below 10, a risk-to-reward ratio of more than 1:2 could be attained.
In summary, in my perspective, traders ought to consider buying during market dips.
Best of luck!
Mihai Iacob
A Possibility To ConsiderI hope ICP is on it's way to a higher high, but until that is confirmed we have to consider we are still in a correction and may see a lower low. This channel is something i'm keeping an eye on.
ICPUSD BULLISH BOUNCE BEARISH OR RE-TEST?Today, for ICP it opened below the ascending trend line but now looks rosier on the linear window by breaking back above. It also shows an uptick on the moving averages (admittedly my MA's are optimised for scalping not investing or swing trading). On the logarithmic, it broke through, closed below and is now re-testing. Next 24 hours could be interesting, and determine if we see a drop to previous buying territory (or even further to coincide with 0.618 retracement at 8 dollars).
Insane Clown Posse about to make a move to 20+ dolla!RSI cooled off enough for a parabolic move to the next level of resistance which I believe will be around $20.00 + with a few in between periodic pauses, settling around 17.00,
Chart finishing a nice pennant, enjoy the ride!
Not investment advice.
ICPUSD potential buy zonesICP really is in price discovery at the moment, trying to shed its (frankly unfair) 'scam' title. It's either....one of the best projects in all of crypto with a vast, dedicated team that has one of the loftiest of ambitions. If they achieve it, it could revolutionise the way crypto operates....
Or, its just another overly ambitious project that will struggle to gain a substantial foothold.
In the short term, it may bounce from the support trend line (its hovering nicely atop the 0.618 retracement), although the move down initially carried momentum. If it breaks below the ascending support line, I see 8.7-9.7 being a good buying opportunity provided it holds well. Personally I think ICP will absolutely rip it this bull run, and by 2029 could be potentially top 4+ (provided the roadmap continues the way it's expected to and good tech starts to come more the fore in crypto). So this scenario could be like buying ETH at a 10 dollars back in 2017.
ICP bull market top speculationLets play a game with some valuations for 2025 on ICP. Keep in mind this is my personal opinion.
- Conservative case:
The total crypto MC gets to 5 Trillion this cycle. ICP captures 2% market dominance. This equals to 100B MC for ICP. This is 17.9x from current price. ICP price = 210$.
- Base case:
The total crypto MC gets to 7 Trillion this cycle. ICP captures 3% market dominance. This equals to 210B MC for ICP. This is 37.7x from current price. ICP price = 450$.
- Optimistic case:
The total crypto MC gets to 9 Trillion this cycle. ICP captures 4% market dominance. This equals to 360B MC for ICP. This is 64.4x from current price. ICP price = 770$.
Can we have a wilder bull market then that or more conservative scenario then that. Yes we can, but i think these are realistic ranges for this bull market. I really dont see ICP failing and going to 0, especially the next 2 years.
Will we sell the top. Most likely not. But can we sell 50% off the top or 100% off the top. Now that is a lot more likely.
My average price is 5 bucks.
- If my first scenario plays out and i sell at the top ill make 42x.
- If my second scenario plays out and i sell at the top ill make 90x.
- If my third scenario plays out and i sell at the top ill make 154x.
ICPUSD: Bullish despite today's decline.Internet Computer remains bullish on its 1D technical outlook (RSI = 68.393, MACD = 1.900, ADX = 40.337) despite today's strong selling as it maintains the parabolic rise structure. It is about to test the 0.382 Fibonacci level, but the horizontal Resistance is slightly over it at 23.7500 (R1). This is our target (TP = 23.000) and after that we will wait for a 1D MA200 pullback to buy for the next rally (TP = 55.0000).
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ICPUSD I think we are in this channel. That sell off that briefly dropped to $12 will probably be tested again, and maybe even confirm that larger H&S on the 4hr that will drop ICP to $11.35. I'm very bullish on ICP and have stakes my coins for 8 years. But, we have not had a good correction yet and we may get it now before going back up.
IMHO
ICP will thriveICP holders had a hard time after the FTX manipulation disaster, most of them are trapped in the 30-100$ range. A lot of people sold out of frustration. It will be a choppy road but if the right catalysts kick in this coin could go way past 150$ like MSTR (MicroStrategy) did back then to 400$.
Internet Computer Protocol ($ICP) Surges 222% in a Month
Internet Computer Protocol ( CRYPTOCAP:ICP ) has recently emerged as a standout performer, capturing the attention of investors with an impressive 222% gain in the last month. The native CRYPTOCAP:ICP cryptocurrency has not only demonstrated remarkable price surges but has also climbed the ranks to become the 17th largest cryptocurrency by market capitalization, surpassing the likes of Shiba Inu (SHIB). This surge is not just a flash in the pan; it appears to be backed by a combination of ambitious decentralization goals and strong fundamentals.
Ambitious Decentralization Roadmap:
CRYPTOCAP:ICP 's ascent is not solely tied to the volatility of Bitcoin; rather, it is driven by a comprehensive set of utilities and functionalities. At the core of CRYPTOCAP:ICP 's ecosystem is the Network Nervous System (NNS), functioning as the decentralized autonomous organization (DAO) for the Internet Computer blockchain. Users can actively participate in an open, permissionless governance system by staking CRYPTOCAP:ICP utility tokens in neurons. This innovative system allows participants to vote on proposals, shaping key decisions within the protocol.
ICP's overarching goal is to transform blockchain infrastructure into a "world computer," enabling the decentralized operation of software and systems without relying on traditional IT backends. This aligns seamlessly with the broader trends of "web3," emphasizing decentralization as a cornerstone of the internet's future.
Diving into the Nitty-Gritty:
To understand the recent surge in ICP's value, it's essential to delve into the token's utilities. Beyond serving as a store of value, CRYPTOCAP:ICP holders can actively stake their tokens through the NNS, further contributing to the protocol's governance. The surge in interest is not just driven by speculative trading; it reflects a renewed enthusiasm for the internet's long-term vision and the transformative potential of blockchain technology.
Price Action and Technical Analysis:
The recent price action of ICP has been nothing short of remarkable. With a 70% surge in just the past week, ICP has outperformed expectations, even flipping Shiba Inu in market cap rankings. Chart signals, such as the constructive "U" bottom base, indicate bullish continuation potential. Crypto trader Flying High points to a positive breakout above $14 in the weekly market structure, with potential buying interest expected in the $10–11 zone during price dips.
Conclusion
As Internet Computer Protocol (ICP) continues to make waves in the cryptocurrency space, its recent price surges are not merely speculative hype. Grounded in a robust decentralization roadmap and driven by an innovative governance system, CRYPTOCAP:ICP stands at the forefront of blockchain's evolution toward becoming a "world computer." Investors and enthusiasts alike are closely watching the pivotal $20 level for confirmation of further gains, eager to see if ICP can sustain its upward trajectory and play a significant role in shaping the future of decentralized technologies.
ICP can head to $11.11 by maintaining support above pink channelWe can see its noticeably above the pink channel here. If it can maintain solidified support on the top trendline of the pink channel it should validate the breakout and it’s target will be $11.11 …currently we can see the other channel seen here is brown is still resistance at the moment but on the way to the target from the pink channel breakout we will need to also break above the brown channel and flip it to solid support too. Once we do, its breakout target is a little bit higher than the pink ones target so as we head to hit the pink channel breakout target, will likely also hit the slightly higher target of the brown channel breakout as well. *not financial advice*
ICPUSD (4H) - Bullish breakoutHi Traders
ICPUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 15.32 resistance level. Only the downward break of 12.31 would cancel the bullish scenario.
Trade details
Entry: 15.32
Stop loss: 12.31
Take profit 1: 17.17
Take profit 2: 20.15
Score: 8
Strategy: Bullish breakout
ICP Will Dump Further from Here?I waited for this confirmation, now we have it.
Let us see how far this will pan out from here.
If you like my analysis of BINANCE:ICPUSDT , follow me now and support my idea.
Let me know your opinion in the comment box
Cheers!
Can ICP break the internet computer as we know it? Kraken showed a God candle of 8.10., this should be interesting to watch unfold. if this C&H breaks, we'll be heading to the $9.80 resistance area on all other major exchanges. Somehow Kraken has a palantir.
Sorry I didn't post this sooner, I was napping.
Not investment advice of course.
