ICPUSD trade ideas
My fate WAS this chartThe analysis is an in depth look into this chart, i didn't play with fibs on binance chart so the tp of c could be different and i prefer the lowest one on this chart
The recent rise is not impulsive so it is corrective and it is a flat inside a bigger zig zag which probably is not going to even retrace more than 23.6 of the A which means this zig zag is a super star among race of zig zags in the crypto jungle
I personally prefer the lowest tp because a Pythagoras level has a meaning
I am depressed cause i bought this and i was hodling this and i was dreaming about this... my hands were shaking and i really need time to think of me being such a person you feel me?!
Anyhow let's short the crisis on ~11.566
Patience is virtue of kings
Internet computer Parabolic move coming!ICP, is it a dead project or just suffer from bad timing on the release?
This project was released with a lot of hype behind it but nothing but deflate and loose value ever since it's release. It something better than hype going for it right now and that is bullish divergence on the RSI and the MACD. The MFI showed a break above resistance and is trying to hold the breakout as support.
It looks like a fairly substantial recover is on the way for ICP and could see a price bump to $55 to $60 by the end of 2023. That is a cool 10 to 12x from where prices stand at this very moment.
This is not financial advice. Please do your own diligence and invest responsible.
ICP to retest a longer term Fib levelThe top 50 coins are doing pretty well lately and ICP is no exception.
ICP may retest $10 as momentum indicators appear to show momentum is only just now starting to wain in the uptrend
We will need to keep an eye on the bearish divergences showing up as it loses the steam on the uptrend, but $10 looks like the next target if the market on the whole remains bullish in the short term.
ICPUSD Golden Cross targeting 9.85 short and 24.50 long termInternet Computer/ ICPUSD is testing the 1week MA50 with a 1day Golden Cross a day away from forming. Its pattern is a Channel Up, formed after the Falling Wedge broke upwards.
A rejection on the 1week MA50 can cause the final pull back for the 9.85 Resistance A test. Crossing above this level opens the way long term for 24.50 (Resistance B).
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ICP breakoutOne of the many coins that will pump, it has a very clean TA. Double bottom. Fakeout below key level, with range re-entry and retest. Breakout of a decending channel will with retest. Measured move of the decending channel's breakout is confluent with range resistance.
a the moment only 9.9 target is high probability, but break into upper ranges will entail further moves up.
ICPUSDT go to 8$Hello.
Now we can see how the price is shrinking, preparing for a shot. While bitcoin has grown well relative to fibonacci levels, the rest of the moments after a strong pump have not yet recovered. Therefore, looking at the ascending triangle pattern, I assume that soon we will see an explosion from ICP to at least 8 bucks, but if we fall below the triangle, we go for a correction.
ICP - Bear Time Pump
Same idea as AVAX.
IF - big if - the price retraces the recent FTX dump and closes above $4.6 (June lows), then I can see it squeeze up to the two areas highlighted in red. I plan on buying where the red arrow points.
If the price closes back below $4.6 after rising and closing above it, then this prediction is invalidated. What I mean is that my prediction holds only if the coin finds support above $4.6
First altcoin trade in 1.5 yearThis is my first altcoin trade in 1.5 years, not because i believe in this project. but i believe in the reward it will give as a trading vehicle during the move upwards the coming month. Was not expecting this strong move upwards, but all models pointed to a mini run with volume to back it up. stepped in around $4 and believe this can run to $8. After that we will print a new low.
ICP MOMENTUM SHIFT ICP has began to shift momentum on the weekly indicatort. This is the first time it is done so nearly ever. this is long overdue and we can see now that a momentum shift is occurring to the upside. This marks the beginning a new phase and one of the first weekly closes in an upward Direction.
Can ICP have a comeback?Dev is still working and the amount of people following the project is pretty high ( 381,540 as per coinmarketcap). I started following this project the day it launched and it TANKED from the beginning without even a considerable bounce of any kind. Today it stands at -99.49% from all-time high without registering an ROI.
Falling wedgeThe price of ICP Internet Computer appears to be locked in a falling wedge on the weekly time frame, which means that the price is in a downward spiral that is tightening to the downside putting more pressure on the market and eventually a breakout will follow. On the RSI a slight positive divergence and the MACD which has been up for some time but is still below the 0 line.
Grab the daily time frame and here I grab the latest downtrend within the formation above which falls nicely into a downtrend channel . The EW also fits nicely into this and these readings are also respected, though I did add an alternative wave 5. Then attention to the Broadening wedge , which in the EW is sometimes called an Expanding triangle. As it looks now, the MACD seems to bend upwards and thus we create positive divergence which somewhere then fits nicely into the story of the weekly timeframe in addition to that when crossing the 0 line this can be seen as a trend change. Should the current support of the Broadening wedge break down, I expect that we can go down towards $2.50.
Expanding Triangle / Broadening wedgeThe price of ICP Internet Computer appears to be locked in a falling wedge on the weekly time frame, which means that the price is in a downward spiral that is tightening to the downside putting more pressure on the market and eventually a breakout will follow. On the RSI a slight positive divergence and the MACD which has been up for some time but is still below the 0 line.
on the daily time frame and here im taking the latest downtrend within the formation above which falls nicely into a downtrend channel. The EW also fits nicely into this and these readings are also respected, though I did add an alternative wave 5. Then attention to the Broadening wedge, which in the EW is sometimes called an Expanding triangle. As it looks now, the MACD seems to bend upwards and thus we create positive divergence which somewhere then fits nicely into the story of the weekly timeframe in addition to that when crossing the 0 line this can be seen as a trend change. Should the current support of the Broadening wedge break down, I expect that we can go down towards $2.50.
Moar Wyckoff nonesenseWas trying to explain Wyckoff to someone and so I explained it best I could then gave them a standard Wyckoff diagram.
After that picked a random coin and looked at different time frames, and was able to spot a Wyckoff cycle.
I marked up the chart with Wyckoff annotations and since I spent the time doing it I figured I'd share it to see if it helps anyone.
This is a downtrend, but Wyckoff is still occurring at different time frames...
ICPUSD decision time - short termWhat we can see on the chart is a symmetrical triangle pattern .
Take a position only if/when the price breaks out of the triangle.
If the price breaks down, enter short.
If the price choose upside, enter long position.
Targets as shown in the chart.
P.S Don´t forget to setup stop loss :)
Good luck