ICPUSDT trade ideas
ICP → Going to $10 or $30!? A Reversal May be Coming.ICP has printed three pushes up in a bull channel, reaching $20.90. It is currently holding its position above the Daily 30EMA. Is it time to short?
How do we trade this? 🤔
We do not yet have a short signal near a key resistance zone. Three pushes up after the breakout into the bull trend is a sign to start looking for reversals, but we have yet to see a reversal pattern or signal candle on the Daily or Weekly timeframes.
Bitcoin may have one more push up before it reverses, the alt coin market will likely follow that pattern. and that includes ICP. The next resistance area for ICP is around $23.00, which is at the top of the bull channel and near the resistance zone. If we get a sell signal bar and preferably, a confirmation bar closing on or near its low, a 1:1 short scalp is reasonable.
💡 Trade Idea 💡
Short Entry: $21.70
🟥 Stop Loss: $28.00
✅ Take Profit: $15.40
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three pushes up into a bull channel after a of the current support zone.
2. Price action is above the Daily 30EMA and in a trading range.
3. 27% gap to the top of the bull channel which is near the resistance zone.
4. Target the resistance zone for a sell signal bar around $21.00
5. RSI at 63.00 and below the Moving Average, supports short bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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ICP (requested chart analysis)ICP / USDT
Showed great move since october
It can continue growing directly But iam not interested in buying here
The point of interest of buying at retest of bullish pennant or weekly support below 9-10$ and according to price action if market give opportunity
For the holders from previous entries the coin is still in clear uptrend
ICPUSDTHM signal v3.1 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 16.123-17.112
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
Internet Computer (ICP) Buy Limit Target! Don't miss this!!!What is ICP (brief overview):
The Internet Computer Protocol (ICP) bridges the gap between traditional programming and blockchain-based development. Smart contracts on ICP are expressive and scalable like traditional apps, but benefit from the trustless and decentralized execution of a blockchain.
ICP is designed for a practical balance in the tradeoff between scalability and decentralization.
In the chart, We can see its history has went down hill by a long shot. HOWEVER< behind the scenes, they have been working on a variety of features suck as creating a ckBTC that can be used to purchase items IRL!! ICP also has a variety of employees working on changing the web3 to become Web 3.0.
Looking @ current_price, It would make sense for price to drop in between the green horizontal lines. Depending where you enter, you can gain from 28%-37% at the new high. I highly suggest paying yourself just a little bit from the profit and leave the remaining amount for higher prices.
I strongly believe after all theses years, it is time for ICP to shine and show what i has been cooking behind the scenes.
Previous parallel channel broken what's next ? AMA comingHey guys, we broke the previous channel and a shape is starting to show off, so be carefull guys because it can make a big bounce before coming back to the previous ATH and continue the uptrend. Volumes are still strong. I don't know if the today AMA will change the faith. I think long term hodler have nothin to fear...Let's check this together !
ICP/USDT Gearing Up for a Bullish Rally? 👀🚀ICP Analysis💎Paradisers, let's focus on #ICPUSDT, which is currently showcasing exciting market movements within an ascending channel.
💎At the moment, #InternetComputer is making its way towards the ascending resistance, originating from the demand zone. This opens up the possibility for the price to rebound from this zone and embark on an upward trajectory, aiming for the bearish Order Block (OB) as its next objective.
💎However, if CRYPTOCAP:ICP does not manage to rally and instead dips below the demand zone, we might see a pullback to the Bullish OB region around the $10.878 mark, where it could find renewed energy for an upward push.
💎The Bullish OB zone has historically been a crucial point for initiating significant market recoveries upon testing. Yet, a failure of this zone, signaling a bearish trend, may lead to a continuation of bullish momentum from a more subdued position.
💎In the event that #ICP doesn't harness the momentum from this or a further reduced level, a continued decline may follow. Rest assured, Paradisers, your ParadiseTeam is closely watching these developments, ready to offer support and guidance through these market shifts.
ICP/USDT preparing bullish trajectory|👀ICP analysis💎Paradisers, the #ICPUSDT pair is exhibiting interesting behavior. After encountering resistance at a significant level of $20.940, it has regained momentum near a critical support zone at $16.640. If it maintains this pace, there's a favorable chance it will surpass the previously observed resistance level.
💎 However, consider an alternative scenario: Should #INTERNETCOMPUTER fail to hold steady at this support level and slip below it, we need to adjust our strategy. We anticipate a robust recovery from slightly lower levels, specifically at a support level that has been tested twice before.
💎 In the event that the price of CRYPTOCAP:ICP dips below this pivotal area, it's prudent to reassess our approach. Our hope lies in a rebound from the subsequent support line at $15.442. Should it struggle to recover from there, further decline may be imminent. Stay vigilant and adaptable as we closely monitor developments.
ICPusdtICP is good Coin and now on 1 channel. ithink btc need correction so we can wait and buy on that time. ICP easy can going to 80$ we dont need more high but have potential.
GL
EntryPoint:
16.305
13.945
12.300
10.850
8.860
7.190
Supports:
5.741
4.932
3.720
2.475
Resistances:
19.085
22.510
Targets:
28.431
38.300
MidTime:
55.920
68.110
90.650
HODL:
154.230
225.230
and you can GOALS but we dont know can going or not with this tokenomic
365
620
GL
ICP Road Map🗺️!!! situation+next targets.Hi.
COINEX:ICPUSDT
Today, I want to analyze ICP for you in a 3D time frame so that we can have a mid-term view of ICP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
Bullish pennant is on the table on 3D timeframe🔍
Looking for a break out and more upside📈
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- Ascending pennant
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!