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ICP

ICP Simple short setup failing to break resistanceSimple short setup on ICP. It has been in a long downtrend for a considerably amount of time as it is a poor fundamental crypto. Combined with market conditions, the recent increase in price action is unsual, leading me to believe it is weak and will fall easily on the next BTC down day. Setup presented as this looks to be reaching resistance, which was previous support. Entered short, will hold for a long time as this could be going way below 6 with prolonged bad market conditions.
Short
by cheliosTD
3
ICPUSD No overexcitement about rise. Observe this potential top.The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be concerned of this 1 week trend and a potential continuation. As you see on this chart, every time the price broke above the 1D MA50 since November 2021, it didn't stay there for long and resumed the long-term bearish trend. This time period is depicted by the blue circle. As a result, if the price exceeds this limit and hasn't made a Higher High, best to sell ICP back towards its 4.60 Support. If on the other hand it breaks above the circle, buy the break-out targeting the top (Lower Highs) trend-line of the Megaphone. On the long-term, only a break above the 1D MA200 (orange trend-line), is technically capable of reversing the sentiment to bullish. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ICPUSD
by TradingShot
4
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
BTC, ETH, CEL, DOGE, SOL, ICP I want to see BTC Start the new week candle slightly above or around $22,300. What I am looking for going into this Sunday's candle for BTC and what I want to see in these other coins for places to enter. I also looked at some other things regarding these coins. Probably not that useful for the things that have already happen for people that do not use my indicators to trade, but as always to those that do it is pretty straight forward and simple.
BITFINEX:BTCUSD
by TrendLINEBoys
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
ICP/BTC 1D. Sick potential. Binance.ICP/BTC 1D Chart. From the listing of BTC pair on Binance the price has dumped 97,15% as for now. The current low is 0.000196BTC per ICP. Think about the number 3 zeros and 196(which is 16 ). This is for those, who understand the meaning of these numbers. They are not coincident i suppose... Okay, so in summer of 2021 there was an attempt to stop the dump of the price and start the accumulation. At this point a range was formed of about 110%. In october of 2021 this range was broken down. Almost since then - since september of 2021 the price has been forming the descending channel. Now the price is on the lower boundary of this channel. also the support of mentioned consolidation is now a resistance for the price. Inside the descending channel formed a bullish wedge. Price is now near the support of this wedge. Slowly the volatility becomes lower... At the last drop of the price we saw a huge "buying" volume coming in. Price didn't hold on for a long below the previous low. Looking at RSI(Relative Strength Index) we see a symmetrical triangle formed. This triangle was broken down, but now RSI is back into it. An important zone near the resistance of this triangle. Also using this indicator we can see bullish divergence globally formed and locally formed bullish divergence. If we break the resistance of this triangle and approve it - it's a bullish sign. Also if the price breaks out of the falling wedge - we can see a move towards the upper boundary of the descending channel. If we come to this resistance there's a chance of breaking it. In case of breaking the descending channel the secondary down trend will be broken and we can see a move towards the resistance of previous consolidation at 0.000940(which is 13 ). If we break and approve this resistance - the next potential targets are shown on the chart. The potential is huge if it happens. Also you should take into consideration the idea of the project(the internet computer) and the situation that is happening now in the world. These things could probably be connected. Also notice that this is BTC pair and the raise in price of it also includes the volatility and price change on BTC.
by TradingTsar
2
ICP at lower price#ICP/USDT $ICP broke down from lower line of long term falling wedge pattern. 🐮 holding the parallel trend line of lower line as support can increase price to lower line of wedge again, and break out this descending resistance will increase price toward resistance zone between $15 and $17.5. break out from resistance of $23 can pump price to moon. 🐻 rejection from lower line of wedge and break down current descending support will drop price to lower supports around $3 and lower.
Long
by parissap
📈ICP: is the whale trap coming to open short?Hi friends! As we can see the volume indicator shows us that lots of coins have sold by big players during the last few pumps. Now the price forming the falling wedge which is the bullish pattern. But why short is possible in this case: 1. growing dominance of BTC. Altcoins looks very weak. 2. huge resistance at the $7.4-8 value area. 3. possible false breakout or pump the same as we see previously with volume bars growth. It shows us the sellers presure. The target for downtrend movement will be at least the $6 key level. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
#btcstarburst Is ICP worthless? ReadLet’s see? The token/project came to the market like a beast… Horrible IDEA. This caused people to FOMO in. People lost tons of money. Now for the truth. It is a head of the curve, the compound staking can really pay off. ( In Fact it seems it probably would pay off better that most projects long term) The staking can be a bit confusing this is why it may push most people away. However it can be rewarding since it looks like ICP may have hit a possible bottom or close to it. Could it go lower, the market could go to $0 so there is that. The project itself has many people working night and day in and out developing it. My personal opinion is It may have left a bad taste in peoples mouth. DYOR, look at who is using it, what kind of people are developing on it, who are making the videos? These are not flashy influencers trying to sell a product… DCA safely… TIME WILL TELL. A GANN STUDY
BITFINEX:ICPUSD
by Jonnycatx
5