BeefStew

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.

BeefStew Updated 

I think we are in this channel. That sell off that briefly dropped to $12 will probably be tested again, and maybe even confirm that larger H&S on the 4hr that will drop ICP to $11.35. I'm very bullish on ICP and have stakes my coins for 8 years. But, we have not had a good correction yet and we may get it now before going back up. IMHO

BeefStew Updated 

It looks like a H&S that will take us back down to $13 or even $12

BeefStew

RLC has been consolidating for 6 months and appears to be in an upward channel. It's possible that RLC has found the floor of the channel and is attempting to move back to the top of the channel. I have taken a position and will look take profit around $7.40.

BeefStew

Watch for a breakout. Ascending wedge formed. Expected to break to the upside after reaching 60% retracement.

BeefStew

ICPUSD looks like its getting ready to move up. Bullish divergence on the RSI.

BeefStew

I know it may seem impossible, but with BTC in a correction we could see BCH follow the channel. StochRSI is turning downward and has a long way to go.

BeefStew

Follow the trend

BeefStew

Going down for now