ICP/USDTOn a daily timeframe, ICP is trading near the major support of $38 - $40 and has already tested it. You can open the position near the support area. The local resistance is $44 area, and the major resistance is $48.5 - $50 area. ICPUSDT is suitable for the mid-term. The next support after $38 is the $34.
ICP
ICP falling wedge1W/1D Charts
ICP forming a falling wedge with contracting price action and higher volume coming in at the low.
Bullish divergence on the MADC daily and current weekly candle is engulfing.
This ones been falling since inception so would want to see a clear reversal before buying into it.
Ive bought a small amount at $20 to continue to DCA into my position
Internet Computer (ICP) 's 5 tasks on the 4h chartICP's 5 tasks on the 4h chart
1. break the EMA125
2. break the RSI resistance
3. break the OBV resistance
4. break the volume resistance $25.20
5. confirm breakouts and have fun
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ICP forecast and possible price movements variantsTheoretically, the price of ICPUSDT is trying to find the bottom and round up.
Increased trading volumes signal that a struggle between buyers and sellers begins near important levels.
The history of ICPUSD is not very long and there has not been a clear historical minimum yet, we can only guess about "the bottom of the price of ICP" and forecast several variants of the price movement in the future.
This is what we will do:
1. Yesterday when the BTCUSDT price went down, the ICPUSDT price was holding quite well and pushing up - this is a good signal that there are still buyers, who are interested in ICP.
2. If the enthusiasm of buyers for ICP will not fade in the coming days, then from above we can meet the zone of $28-31, where sellers can aggressively activate.
If the buyers win the area of $28-31 and fix the price of ICPUSD above it, it will mean that the buyers are very strong, and they managed to break the falling trend. In this case, the target for growth is up to $56-57.
4. Smooth movement to the right with a gradual and not sharp rise in price will round up and reverse the trend, but before mid-spring you should not expect a more or less decent price to sell your ICP.
5. The price drop below $19 will mean that buyers have given up, and without a buyback, ICPUSDT price can continue to go down, up to $11 in the most negative scenario.
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Internet Computer Bottom Pattern, vs Tether (222%+)I like this pair, ICPUSDT, and today we find a break above EMA10 after the formation of a bottom pattern.
We have a volume breakout yesterday and nothing more.
We have this few signals but, additional bullish action is needed before we can confirm a price jump.
The early signals are in though, ICPUSDT trying to change course.
Namaste.
ICP - Internet Computer Protocol - HoldThis is an interesting one to watch, just going off TA this is a buy I don't even have to view the project (hold)
CRYPTOCAP:ICP
COINBASE:ICPUSD
BINANCE:ICPUSD
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BINANCE:ICPBTC
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INDEX:BTCUSD
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FX:BTCUSD
ICP Short Term Structure is bearishI have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart.
As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending channel it seems to be forming.
In my opinion the probability that we test the bottom of the channel is much higher than a bullish breakout but this is crypto and sometime the most obvious direction is simply a trap.
🔥 ICP Bullish 6-Month Wedge Bounce Into Break Out?ICP has arguably been one of the biggest losers of the past few months. Since it's inception on Binance, this token has practically only been trading down.
However, there might be some kind of relief rally coming to us in the near future. With BTC appearing slightly bullish and Stocks rebounding strongly, ICP might see more bullish price action coming to it.
Furthermore, ICP has been forming a 6-month bullish wedge, which classically signal a bullish break out.
Targets placed at recent tops.
Happy trading!
ICP/USD (REQUESTED CHART 5)! BULLISH!ICP looks good here. Currently, hovering near the lower trendline of the big falling wedge.
It is trading inside a falling wedge like structure. Also, a bullish divergence occur in 2D time frame. So it is worth buying here and SL will be if any 2D candle closes below $18.5
If you are holding this then hold it with the given SL.
If you want to buy then buy now and hold it with given SL.
If you like this idea then show your support with like and follow.
Thank You!
ICP - is going to breakout this resistance?A trend line can be identified on the ICP chart. Yesterday the price made a false breakout after which the price corrected slightly. In case of a squeeze and a repeat breakout, there could be a good buying opportunity. A squeeze and breakout of the key level of $22 could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Sub $10 ICP?Ok folks, we have to look at every possibility for ICP and even though in my opinion this could be the bottom we have to take into consideration of more downside risk.Where could we go?
In this chart you see that we could possibly be in a descending channel. The bottom of that channel places us around $10 right now.
Yes. It sound's insane. A sub $10 ICP but we have to go with what the chart tells us and not with our emotional bias.
I'd encourage you to have some powder in the bag just in case.
ICP consolidation is almost complete with upcycle potentialICP has been in a downtrend since September 2021. Since then, the price had clear distribution zones. Current pattern is a consolidation zone and possibly the first accumulation of the next upcycle.
I will be bidding gradually in the next days for the next swing trade.
Best of luck to everyone.