ICP Looking BearishVery bearish reversal pattern appearing on ICP. If the range identified on the chart by the wide lines breaks, ICP could enter free-fall. How low it could go is anyone's guess at that point. Potential short opportunity.
ICPUSDT trade ideas
Long signal for ICP/USDTThis technical analysis is based on the daily chart of ICP/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 11.854 USDT.
Entry and Exit Points:
Entry: 11.854 USDT
Take Profit: 17.325 USDT (46.19%)
Stop Loss: 10.857 USDT (8.41%)
R/R Ratio: 5.49
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 5.49, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
ICP Desc. Triangle Breakout + Rectangle, Targets $16.3 and $20BITGET:ICPUSDT broke out of its descending triangle and has successfully retested the resistance.
The triangle target is $20 🎯
Not the cleanest breakout, and lacking volume. Also, a case could be made for a rectangle pattern with a $14 resistance, so the safe play would be to wait for a daily close above that level.
The rectangle offers a second target: $16.3 🎯
This is also a previous resistance and could offer a good area to secure some profits.
Not Financial Advice
#ICP/USDT#ICP
The price is moving within a bearish channel on a 4-hour frame and is strongly committed to it.
We have a support area at 11.80 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise
Entry price is 12.00
First target 12.62
The second goal is 13.00
Third goal 13.54
ICP BULLISHI think price is transitiong from consolidation into upwards expansion.
previous month candle body was small which underlines the thesis of a bullish consolidation within this uptrend.
The diagonal Breaks gives vonfluence about the transitioning into expansion.
ICP/USDT Longdivide the volume of the allocated deposit into three parts
Limit buy zone
12.1 (0.618) - 30 %
11.963 (0.786) - 30 %
11.782 (1) - 30 %
-------------------------------------------------
Take profit zone
12.63 (0) - 30 %
-0.18 (12.78) , -0.27 (12.85) - 30 %
-0.618 (13.15) - 30 %
ICP ICP has already broken the channal and has make HH and HL.
I predict that the price will rise from here and i see bullish .
ICP Macro Accumulation Ready for LiftoffICP has been consolidating and forming the last stages of this macro accumulation, the LPS, since January. It finally looks ready to bottom out and take off upwards.
We have:
A Daily Trigger Wave
789 on the Daily TD Sequential
A local double bottom
Ideal Entries Marked In Yellow (If price comes this low):
$9.79
$7.83
$6.08
$5.67
$4.53
$3.34
Take Profit Targets Marked on Chart:
Daily FVGs
Weekly FVGs
Macro Linear Fib Extensions
Macro Log Fib Extensions
These are all good places to take partial profits. Take your pick. Make sure to come tell us about how much money you made on this setup!
ICP Bullish Compression ! Internet Computer (ICP) has been trading within a bullish ascending accumulation pattern for an extended period, and the recent price action suggests a potential breakout towards $16.00. This article delves into the technical analysis of ICP and explores the project's fundamentals, highlighting its promising outlook.
Ascending Accumulation Pattern and Compression:
ICP's price action has been forming a well-defined ascending accumulation pattern over the past few months. This pattern is characterized by higher lows and a gradual increase in price, indicating that buyers are accumulating ICP at increasing prices. The recent compression within the pattern suggests that a significant breakout is imminent.
Anticipated Breakout and Target:
Based on the accumulation pattern and compression, I anticipate a breakout above the $12.00 resistance level, potentially reaching towards $16.00 in the initial phase. This breakout could mark the beginning of a sustained upward trend for ICP.
Internet Computer: A Revolutionary Blockchain Platform:
Internet Computer (ICP) is a groundbreaking blockchain protocol that aims to bring the internet onto the blockchain, enabling the creation of truly decentralized applications (dApps) and services. ICP's unique architecture and capabilities address several limitations of existing blockchain platforms, making it a promising project with significant potential.
Key Features of Internet Computer:
Scalability: ICP's sharding technology allows for massive scalability, enabling it to handle millions of users and transactions without compromising performance.
Developer-Friendly: ICP provides a user-friendly development environment, making it easier for developers to build dApps and services on the blockchain.
Decentralized Governance: ICP is governed by its community of token holders, ensuring a transparent and democratic decision-making process.
Why ICP Has a Promising Future:
ICP's revolutionary architecture, scalability, developer-friendliness, and decentralized governance make it a strong contender to revolutionize the blockchain landscape. With its potential to power the next generation of dApps and services, ICP has the potential to experience significant growth and adoption in the years to come.
ICPUSDT ----> Buy PositionBuy position on ICPUSDT
First Target 21 $ (80% profit weekly timeframe)
don't forget money management
be profitable
Consolidation Above $12 with Potential to Reach $14In the four-hour timeframe, ICP is currently consolidating above the support level of $12. Given the ongoing upward trend, it is expected that the price will reach the resistance level of $14. If the current support is breached, the next support level indicated on the chart will act as a potential correction point.
ICPUSD 1WICP ~ 1W
#ICP It looks like we need to retest this support block. We will place the first purchase order here, with a minimum target of 15%+
ICP- Good buying opportunityAs you know from my previous 3-4 posts on BINANCE:ICPUSDT , I am very bullish on this project and expected the price to reach $20.
Indeed, this has happened, followed by a strong 50% correction after reaching my target.
Now, the price is trading at $12 and is near a strong support level, both technically and psychologically, around $10.
In my opinion, these prices offer a good buying opportunity and in the event of a reversal and a retest of the $20 zone, a 100% gain could be achieved.
ICPUSDT 1DBuy #ICP here and on its support. Supports are:
1- Around MA200 on the daily chart
2- Support zone, which is $10.892 ~ $10.506
In case of a breakout, the targets are:
$14.365
$15.544
$16.723
$18.182
$20.540
So, buy in ladders and wait for the targets.
ICP: pollback📊Analysis by AhmadArz:
🔍Entry: 12.619
🛑Stop Loss: 12.363
🎯Take Profit: 13 - 13.438 - 13.853 - 14.581 - 16
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
$ICP about to break out of a reaccumulation rangeBINANCE:ICPUSDT has been ranging for more than 5 months printing an almost perfect Wyckoff Reaccumulation schematic.
Every phase was executed perfectly.
The initial high volume price movement that has marks the preliminary supply zone as the price couldn't hold due to sell pressure. The buying climax phase where there is a lot of supply to scoop but not enough demand to meet it thus eventually driving the price further down for all this supply to be automatically bought (AR). A successful secondary test (ST) should show less selling than previously in the Buying Climax stage; we should notice narrowing spreads and lower trading volumes to confirm, which we have on the chart.
We saw the price pulling an upthrust as price moved above resistance then quickly went back down (bull trap / opposite of a spring) into the trading range. We then tested the new demand after breaking the resistance with a UTAD (upthrust after distribution) move which resulted in a creek that was triggered by a large supply block.
We did not really see a definitive spring as the "spring" did not break support. If it did, the following Test would have been a success as it did not break support and it traded with low volume.
What I now expect to happen is for the price to find one last support level from where it'd move up and face the supply block that triggered the creek.
Breaking through this supply (LPSY - last point of supply) is the sign of strength we want to see for CRYPTOCAP:ICP to throw fireworks.
ICP/USDT LONG !looks as juicy a ! double bottom, downtrend resistance breakdown, bullish divergence on older timeframes! The entry point will be $31, but I'm not sure they'll let you do it!
Short-term :
first target :51usd
second target: 70usd
third 92usd
Long-term:
first tg: 200usd
second tg:500usd
third tg: 2800usd
#ICP/USDT breaks the Diagonal Trendline in 4-Hour TF!#ICP/USDT breaks the Diagonal Trendline in 4-Hour TF!
Wait for a successful retest to open a long position. The local support level is PWL at $11.59, and PDH is $14.
ICP Long Swing SetupThe chart suggests a bullish outlook based on the volume and price action. The significant volume spikes during rallies indicate strong buying interest.
The current low volume during the pullback phase supports the possibility of accumulation.
If the price breaks above the recent highs with increasing volume, it could signal the continuation of the uptrend.
ICP ANALYSIS🚀#ICP Analysis : What Next ??💲💲
✅As we can see that there was a formation of Descending Triangle Pattern in #ICP and given a breakout. A perfect retesting would indicate a bullish move 📈
🔰Current Price: $12.895
🎯 Target Price: $19.768
⚡️What to do ?
👀Keep an eye on #ICP price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#ICP #Cryptocurrency #TechnicalAnalysis #DYOR
ICPUSDT Long A strong descending wedge could be observed and the price tested it multiple times while being in the bearish trend, however ICPUSDT has given a breakout of the trend line, with a bullish divergence at the bottom, thus, going Long.
