BeefStew

BeefStew

We may have a bullish divergence forming. RSI is increasing even though we are lower.

BeefStew

I picked up a few hundred more at $6.25. Trump's posts about the US investing in Crypto is creating a lot of enthusiasm for XRP, SOL and ADA. But even though coins like ICP were not mentioned by Trump does not mean money will not flow into ICP. It most definitely will. I expect the short/near term we will head back up to test the trend line. After that, if we...

BeefStew

I think we have found support here. On the weekly StochRSI ICP is at the bottom. I see a possible repeat of the consolidation that took place last fall and then a move up back to $20. This will take a few months to play out, bit definitely and possibility.

BeefStew

I really don't want to believe we could return to the ATL but I still think we could. If not, here is another possibility if the area in read keeps it's support. Just playing around with ideas.

BeefStew Updated 

On the weekly chart you can see the RSI has held above this line since ICP launched in 2021. For the most part, each time the RSI touched the line we had a price reaction to the upside. There is also the wedge I have been pointing to and the RSI touching the line that could happen at the same time. Good luck

BeefStew

Its decision time for ICP. This support has triggered buying since June 2022. Hope it holds.

BeefStew

Possible Cup & Handle formation taking us to $19 if it plays out accordingly.

BeefStew

Just to be clear, I am staked long-term and will trade this. I will add more though if we break the $6.88 support and cost average as we go down.

BeefStew

Dom.icp has been posting a lot on X attempting to calm the community and give confidence in the coming CAFFAI and ICP tech. While useless meme coins are pumping it seems we have lost site of blockchain and it's intended possibilities. I am in this for the long-term with all of my ICP staked indefinitely. My hopes are that in 10 years ICP will be the dominant...

BeefStew

One or the other is my guess. I do think we are in a big wedge though. If we drop below the white support we will probably complete that H&S and then bounce back up from there.

BeefStew

Probably gonna break out of this wedge soon and move up

BeefStew

Staked ICP takes the worry away. Getting 1.2 ICP a day while on this yoyo ride.

BeefStew

This is an interesting idea. I'm sure it means nothing though. Bitcoin heading to $300k

BeefStew

Hit a trend-line. Wait to see if we move up above the resistance or continue in this wedge. I’m bullish on ICP and hold a good amount. Just have to be patience for it to run.

BeefStew

Here is what I see. Inverted head and shoulders, now retest the trend line, then off to $23 or more.

BeefStew

Watching ICP charts for a while I have noticed it often likes to break upward from descending wedges. We may be in one now and see a shot upward in the coming days. but, unless we hold this area and break back above $12.20 we are still in a downtrend seeing lower highs and lower lows. If we fall below $9.50 I think we are likely heading to $6.20 support. IMHO

BeefStew Updated 

If we break the green trend line I predict we go into a H&S and retest the $10.50 area. IMHO

BeefStew Updated 

I hope ICP is on it's way to a higher high, but until that is confirmed we have to consider we are still in a correction and may see a lower low. This channel is something i'm keeping an eye on.