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ICPUST trade ideas

ICP Update bearish $4 - $5 incomingUpdate from previous chart (linked below) ICP's recent breakout was not a long signal because it did not close above the $13 mark which is required for a trend change. The reason for the rise in price over the last week was due to the Web3.0 convention that takes place annually and these Web 3.0 coins usually see a quick pump and dump that happens. You can literally track to the exact minute before the convention started to how the price rose, and then as soon as it died down, the price dumped. Don't get fooled. My bearish stance still stands on ICP I am expect the next fib level of 2, at $4.86 to be hit, where it will see a little bit of buying pressure and price will increase. If it doesn't increase, then easily $2-3 is next. Previous idea:
Short
by BARSTrading
4
ICP still not ready - but looking better?As provided in my previous chart, a bounce off the $5 line was good, however it was a very weak push up, I was expecting a lot more orders. From the looks of it on the WEEKLY chart, it is closing an indecisive weekly candle, which indicates a possible trend change from bearish to bullish - meaning we can see the price rising in a couple of weeks. I think in the long term, there is a possibility of going back to Fib level 1 - $15 - VERY OPTIMISTIC - NOT LIKELY AT ALL. But it will be a very slow climb, and this coin still can go even lower. For a mini rally we want to see a second bounce off the red line as highlighted in yellow. Otherwise, fail down to $2.5 - MORE LIKELY.
Short
by BARSTrading
Internet Computer Chart Analysis Multiple TF (Plan Ahead)This is the daily chart for ICPUSDT (Internet Computer)... It goes straight to the point, the signals: 1) Higher low; 2) Strong RSI; 3) Bullish breakout... Now let's look at the weekly timeframe which is the one I wanted to show you. We will use the TD Sequential with candlestick reading. These two do good together since the Japenese used to count the candles as well. ICPUSDT Weekly Timeframe (main chart) We have a very strong downtrend/bear market, going on on the left side of the chart. After March downward momentum builds up. We end up with a Doji 13-June. This Doji at the bottom of a trend is a perfect textbook reversal signal. This is supported by the -9 candle right before it, signaling that the move is already going for too long. We are likely to see a trend reversal. For trades, strongly bullish above $4.60. Secure profits on the way up... It will get confusing after 2 weeks but this is only a relief rally which will be followed by red; planning is necessary for success. Namaste.
Long
by AlanSantana
6
ICP - Keep A Close Eye On This!ICP has almost finished its bearish ABC corrective wave. Wave C consists of 5 waves and we are in the 5th wave now, which appears to be a descending wedge. A descending wedge is often a bullish reversal pattern. The confirmation required is a strong bullish impulse breaking the wedge. For entry we'd require a correction to follow where we can mark up clear invalidation levels. Trade idea: - once confirmation appears, enter with stops below the correction - Targets: 37, 57, 100, 150, actively manage the rest Will update this chart when a breakout appears and we can actively monitor it for the best entry. Goodluck!
by WicktatorFX
3