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TradeCityPro | ICP: Navigating the Waves of Crypto AI👋 Welcome to TradeCityPro! Today's analysis focuses on the ICP coin, a project within the crypto AI sector boasting a market cap of $4 billion. 📅 Weekly Timeframe In the weekly timeframe, we're observing a rounding pattern that has been forming for some time, establishing a low at $2.923. Currently, an upward trend has begun, and we are now in a correction phase. 🔍 The bullish trend began with the breakout of $6.562, which continued up to $14.957, and now a range box between $6.562 and $14.957 has formed. The volume is consistently supporting the trend, converging well. The price is currently near a curved trend line, and it remains to be seen how it interacts with this area. 🧩 The overlap of this trend line with static support areas might create a very strong PRZ, potentially starting the next bullish leg. Conversely, if this trend line breaks, the likelihood of a trend reversal increases. 🔽 If the area of $6.562 is broken, we could confirm the beginning of a trend change. If increased selling volume enters the market and momentum turns bearish, the minimum bearish target for the price could be $2.923. A break of 36.20 on the RSI would support this scenario, increasing its likelihood. 📈 On the flip side, if the price can maintain support and break the ceiling of $14.957, the next bullish targets would be $23.104 and $79.510. 📅 Daily Timeframe In the daily timeframe, we are seeing a descending wedge starting from the peak of $15.511, directing the price back towards the bottom of the box. Currently, both the floor of $9.834 and the RSI at 38.84 have been breached and confirmed. The price is reacting to the bottom of the wedge and may gradually descend to the bottom of the box. ✨ If the wedge breaks downwards past $6.857, bearish momentum will enter the market, and the price could move toward a target of $5.188. 📉 Conversely, if the wedge is broken upwards, we have a trigger at $11.421, which is currently not advisable. We need to wait for the price to form a structure near this resistance and strengthen this area with a reaction. In this case, this area could be a suitable trigger for a breakout. 🔼 main long trigger is at $15.511, which we discussed in the weekly timeframe. If the price can stabilize above this area, we may witness a very strong bullish leg. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
8
$ICP #ICP potentially repeating patterns? We are #BULLISHAF2024 WIth the recent merger "news", this is definitely an important one for the AI blockchain space I had targets for ICP that played out the news came after the fact and seeing it pamp past cpl days, its interesting how the news headlines show up at key moments instead of when its consolidating at the lows Regardless, its not a sell signal, can easily continue pamping IF we drop, were looking for similar patterns to play out with target range $4-$8 before start new leg and next phase of #BullRun2024 The next phase is where we can anticiapted BTC.dom becoming weaker as alts start taking over You SHOULD want THIS drop esp if you are bullish We wait, pattern and chart tells me to favor the move First big drop always get nice bounce (great to re-accumulate/take small quick fast profits) 2nd big drop favors the local bottom target range (great to start re-accumulation) before the bottom is completed. Then we wait for higher lows breakout & retest to go LONG Should take few weeks. We wait.
by CryptoHolix
3
Internet Computer (ICP)Comprehensive Analysis of ICP Introduction The Internet Computer Protocol (ICP) is one of the leading projects in the blockchain space, developed with the aim of creating a decentralized internet. This project enables decentralized applications (dApps) to run directly on the blockchain without relying on centralized infrastructure. Due to these features, ICP has captured the attention of developers and investors alike, showcasing significant growth potential in the future. From a price perspective, ICP has experienced substantial volatility since its launch. It is currently trading within a medium-term ascending channel, which plays a critical role in determining its future price trend. 🔍 Current Status At present, ICP has entered a correction phase after encountering a weekly resistance zone at $14.623 - $15.704. It is now approaching the lower boundary of its ascending channel and the key weekly support zone at $6.166 - $6.944, which are crucial for preventing further price decline. Conversely, significant resistance levels at higher zones could limit the upward momentum of the price. 🚀 Key Levels Analysis Support Levels: Lower boundary of the ascending channel Weekly support zone: $6.166 - $6.944 Resistance Levels: Daily resistance zone: $11.089 - $11.767 Weekly resistance zone: $14.623 - $15.704 Breaking these resistance levels, accompanied by increased trading volume, could strengthen the bullish price movement. 📈 Entry Strategy and Stop Loss First Entry Point: When to Enter: If the price bounces off the lower boundary of the ascending channel and the gray support zone ($6.166 - $6.944), a gradual entry is recommended. Stop Loss: Below the gray support zone at $6. Second Entry Point: When to Enter: If the daily resistance zone ($11.089 - $11.767) is broken, initiating a second entry is advisable. Stop Loss: Below the gray support zone at $6. Complementary Entry: A breakout of the 50-level on RSI can serve as an additional confirmation signal for entry. 🎯 Price Targets Target 1: $21.158 - $23.555 Target 2: $36.722 - $40.641 Achieving these targets requires a confirmed breakout above the weekly resistance zone ($14.623 - $15.704). ⚠️ Key Considerations Trading Volume: Resistance breakouts must be confirmed by a significant increase in trading volume. Risk Management: Gradual entry strategies and defined stop losses are essential for minimizing risk. Ascending Channel: As long as the price remains above the lower boundary of the ascending channel, the medium-term uptrend remains intact. Alternative Scenario If the weekly support zone ($6.166 - $6.944) is broken and a candle closes below it, the price could drop further toward $4.5. In this scenario, exiting long positions is recommended. 🔗 Conclusion The analysis indicates that ICP holds considerable growth potential. However, maintaining proper risk management and closely monitoring key support and resistance zones is crucial. Entering at support zones with a stop loss below $6 and confirming resistance breakouts with high trading volume can be a solid strategy for investment.
Long
by alizeynali69
TradeCityPro | ICPUSDT Early Entry Points👋 Welcome to TradeCityPro Channel! Let’s update the analysis of ICPUSDT, one of my favorite altcoins. We'll review the new triggers for potential early entries together. 🌐 Overview Bitcoin Before diving into the analysis, as always, let’s take a look at Bitcoin on the 1-hour timeframe. Bitcoin shows potential for upward movement, as recent candles have pushed its price higher. With increasing volume, it could even set a new ATH. A breakout above the 108454 trigger could present a risky long position with a wide stop-loss. As Bitcoin’s dominance is rising, this indicates that bullish movements may first occur in Bitcoin. It’s better to focus on Bitcoin or coins with a strong performance relative to Bitcoin. 🕵️‍♂️ Previous Analysis In our last analysis, the trigger for a long position was 12.476, but it was never activated. Instead, the price rejected from that level, breaking our lower timeframe trigger. Sellers took control, causing Fibonacci levels to be revisited and the price to move towards the 9.821 support. 📈 Daily Timeframe Currently, after rejecting the 11.333 resistance, the price has entered a triangle pattern and is consolidating. A breakout from this triangle seems imminent. When the price rejected from 11.333, we observed increased volume, which isn’t ideal for bullish momentum as it highlights the strength of sellers. However, the price is now sitting on a critical support level, which is also the 0.618 Fibonacci level and the top of the daily box, now acting as daily support. The daily candle looks promising, sitting on a strong support level. You can consider buying based on this setup, but I prefer to wait for the continuation trendline to break or for the 11.333 trigger to be breached. The 11.333 level is especially significant after the recent rejection. If we see increased volume upon breaking it, I’ll enter a position myself. For exiting this coin, as long as we remain above $7, I’ll continue holding unless negative news arises. Keep in mind that my entry point is 3.582, which I previously mentioned. Exiting below $7 would still be in profit for me. However, I recommend exiting at current levels if your entry was higher. ⏱ 4-Hour Timeframe After rejecting the 12.476 level, the price dropped to 9.466, where it seems to have stabilized, and bearish momentum has subsided. 📉 Short Position Trigger I’ll consider opening a short position if the 9.466 support is broken. Profits from this trade will be used to accumulate more ICP, effectively making my holdings cost-free. 📈 Long Position Trigger For a risky long position, you can enter after the continuation trendline breaks. Personally, I prefer waiting for the price to reach 11.411 and break that level before entering a long position. This ensures that momentum has entered the coin, allowing me to trade with greater confidence and potentially set a tighter stop-loss. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
9
ICP UPDATEHello Guys, It's been a while. Not because I lost faith in my plan, but because the whole market is just consolidating. But today I wanted to give you an update on my plan for ICP. I saw an interesting pattern forming on top of the previous breakout which brought us to the 16$ mark. Now we are forming an beautiful pattern and pressure is building. This could go two ways. Imo, An outbreak to the upside would mean that we would revisit the 16$ mark and potentially break it. An outbreak to the downside would mean for me that I would sell my position and wait for a better entry. Keep a close eye on this chart! Stay safe Traders!
by matsiliohan
ICP/USDTKey Level Zone : 10.350 - 10.550 HMT v4.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis
Long
by Ren_MomentumTrader
ICP Leading the Way - TP Target $23.04 I am waiting on a pullback to enter ICP as it leads the way with a good increase in volume that hasn't been reflected in most other coins despite their increase in price. Most coins I am seeing overbought signals on the 4 hour suggesting an opportunity for a pull back. For ICP, I am looking at buys at approx. 11.54 and 10.90 before we keep moving (VWAP's on 4 hr and Daily). TP's depend on how long you like to hold, Fib Level 1.618 is 23.04 for an optimistic target, most likely TP along the way to this.
Long
by Off-The-Chart-CTC