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ICPUSD trade ideas

ICPUSD No overexcitement about rise. Observe this potential top.The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be concerned of this 1 week trend and a potential continuation. As you see on this chart, every time the price broke above the 1D MA50 since November 2021, it didn't stay there for long and resumed the long-term bearish trend. This time period is depicted by the blue circle. As a result, if the price exceeds this limit and hasn't made a Higher High, best to sell ICP back towards its 4.60 Support. If on the other hand it breaks above the circle, buy the break-out targeting the top (Lower Highs) trend-line of the Megaphone. On the long-term, only a break above the 1D MA200 (orange trend-line), is technically capable of reversing the sentiment to bullish. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ICPUSD
by TradingShot
4
#btcstarburst Is ICP worthless? ReadLet’s see? The token/project came to the market like a beast… Horrible IDEA. This caused people to FOMO in. People lost tons of money. Now for the truth. It is a head of the curve, the compound staking can really pay off. ( In Fact it seems it probably would pay off better that most projects long term) The staking can be a bit confusing this is why it may push most people away. However it can be rewarding since it looks like ICP may have hit a possible bottom or close to it. Could it go lower, the market could go to $0 so there is that. The project itself has many people working night and day in and out developing it. My personal opinion is It may have left a bad taste in peoples mouth. DYOR, look at who is using it, what kind of people are developing on it, who are making the videos? These are not flashy influencers trying to sell a product… DCA safely… TIME WILL TELL. A GANN STUDY
BITFINEX:ICPUSD
by Jonnycatx
5
ICPUSD leg lower watch. So is the honeymoon period over for the crypto recovery over TradingView community? Looking at several coins, we can see a similar pattern setting up. ICPUSD looks to be more on the weaker side so we have zeroed in on this coin. Here are the points that have us looking for a new continuation lower. The counter-rally looks to have stalled. Sellers continue to pepper today’s price action. The last high looks to be an LH maintaining the normal pattern of trend. The MA and CCI both remain bearish. It comes down to today’s session. Will we see a break of minor support signaling seller momentum is back? If sellers can take hold and beat support will also be looking for a break of the LL to show that the downtrend is looking to continue. Good trading.
EIGHTCAP:ICPUSDShort
by Eightcap
4
New Low - New Logarithmic Triangle Its really hard to step back and take a view of ICP because it came down so far, so I switched to Logarithmic scale and it showed more detail and squashed the giant arterial red blood stain on the left of the chart. When I did a Log scale a different, pattern emerged that fit a triangle better than Normal scale. The price has touched the top and bottom four times...not sure what this means but oh well, I like making pretty pictures! Make sure to visit: "'Tis but a scratch." and "PAMP IT!"
COINBASE:ICPUSD
by Hazel-Ra-Owsla
4
ICP, What Next? ICP has had a dismal debut in the crypto markets. A listing dump, a long downtrend, and a dwindling market cap; ICP now sits roughly 98% below value of Coinbase listing. Internet Computer is a Web 3.0 blockchain project that has a lot of potential. I believe positive news and a growing user base is coming. It's only a matter of time. It is the world's first blockchain that runs at web speed with unbounded capacity. ICP is ranked #37 on CMC with a market cap of 4.3B at the time of writing. I am following price action to determine if a bottom and accumulation will be formed and a new uptrend born. Recently, I am happy to see no massive moves have been made as other cryptos have experienced sharp bounces from recent lows. Slow and steady will form the foundation for a lasting rise. IF ICP can make it back into the top 10 cryptos it has potential to offer 10x+ gains from current prices. --For example ADA has a market cap currently of 38.4B, ranking #7 ahead of SOL with a market cap of 34B. (BNB and ETH 70B and 365B respectively.) Compare to ICP current 4B market cap I'm sure you can see the potential. I have begun to make some small purchases with the intent of a long hold. ATL currently $18.11 - It is yet to be seen if we have found the bottom. Thank You for reading my post. No Guarantees DYOR Trade Safe, Trade Happy
COINBASE:ICPUSD
by ChiliFingerz
2
ICP to $9?A lot of alt coin charts are looking the same. Bearish price structure with indicators flashing bearish signals. The daily RSI recent broke down out of a line of support it established back in December and it looks like we just had a bearish retest. All of this combined with current market sentiment is telling me that there could be real capitulation before we break higher. In my opinion we could head down to the falling wedge line of support before we break higher. Right now that support is at around $9.
COINBASE:ICPUSD
by CryptoNCoffee
3
ICP needs to range sideways to gain buyer confidenceICP has been one of the worst performing assets in the market. However, it has very strong fundamentals with a ecosystem that is growing at breakneck speeds. With all of the mistrust surrounding ICP in the markets, I think ICP in the short term is likely to visit ~$22, but NEEDS to range sideways for a considerable time gain buyer confidence again and make serious moves to the upside. The seller momentum is likely to be be high still and any gains seen may be quickly erased. So if ICP ranges sideways for a month or two it is likely to attract more buyers to and gain real momentum in the upside again. Bulls need to defend the $15-17 support range.
COINBASE:ICPUSD
by botkiller3000
1
ICP will surprise us all . . .Another thing rarely factored into the Crypto price volatility v regular investments (from what I read ) is that , unlike many types of regular investment , which takes days to come into effect, the largely independent Crypto trader can jump in and out within seconds, 24/7/365 . . This factor in itself is revolutionary, I still get a buzz buying some more ICP at these give-away prices while half-way up a mountain on a Sunday hike !! . .Hardly surprising the conventional Financial World, like the Banks, are frozen in terror of DEFI/CRYPTO . .tech has finally replaced them - they are superfluous /redundant . .and they know it !!!. .Buy on Brothers and Sisters, the writing is on the wall . .the cats out of the bag, the genie is out of the bottle . .no one is able to stand in the way of this revolution . .the people are voting with their money . .and this is just the start !! OF COURSE Crypto is volatile - and that goes both ways, people like it . .a fast moving World needs fast moving systems . .the business potentials lying dormant within the Crypto concept are simply mind-blowing...the Smart Contract aspect itself is one of the most revolutionary social advancements of the past 300 years !!!
BINANCE:ICPUSDLong
by nigel62e
3
I know a lot of people got burned . .BUT the project is still the same project , and the tokenomics soon improve, as from next month - I can only be VERY VERY bullish on ICP . . Sentiment may be very bearish towrds it, but business is business, and when the "day of reckoning" comes - and the REAL BIG BOYS enter the market, projects like ICP will ROCKET and old hat sentiment for the likes of absurdly outdated coins like Litecoin / ETH Classic /ECT ECT will be dust . . .EVEN ETH and BTC will have to be RADICALLY improved , if they hope to survive - Mining is an absurd concept, and always was ! The main-stream banks /finance could kill crypto tomorrow - BUT they want the tech . .and the technicians . .they are NOT known for sentimentality !!!. .
BINANCE:ICPUSDLong
by nigel62e
3