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ICP

ICP Most bullish chart in top 100?Okay, everybody is super bearish right now and bullish perspectives are far and wide. Hopefully we can separate ours emotions from what's happening in the charts and see that ICP actually has an extremely bullish set up and you may not get another chance until the real bear market to buy at these prices. Note: I normally use log charts but I'm finding that a linear chart works better. So you will see some of my previous analysis on log charts but I am going to be switching to linear charts from now on. 1) ICP broke out of a long term diagonal line of resistance in the beginning of January. You could say the most recent drop was simply a bullish retest of the diagonal line of resistance. 2) The break out was a bullish breakout out of a falling wedge. UNLESS this is a fake-out we can expect expect to see prices go to the red box. 3)Volume has picked up significantly. Signaling that the break out was not a fake out. 4)Weekly RSI is bullish af. It's in deep oversold territory plus the bullish divergence is really out of control. How can you look at this set up and be bearish? Of course anything can happen and BTC just brings the market down further but if we take our emotions out of the equation and only look at ICP's chart. This might be the best set up in the top 100 cryptos. What do we need to see happen? We nee to see a clear break out of the $38 range. Until then we're just messing around in the dirt. A break of $38 and holding it as support is as bullish of a confirmation as you could as for.
COINBASE:ICPUSDLong
by CryptoNCoffee
6
2 Scenario for ICPICP is a victim of VC's. I have no idea why the the team messed up on tokenomics so much. I believe ICP drawing a Falling Wedge on Log Scale. It touched the lower band of that falling wedge. Since it is a long run investment for me, I bought some ICP on 19$. There is a FED meeting on 26 and I believe Market will decide its direction after that meeting. In any case, Lets make our guesses. Scenerio 1: ICP will increase to the 30$ range and break that pattern to upside and more increase can be expected. Scenerio 2: ICP will increase to the 30$ range and fall back to the lower band again... I hope not, but I am still saving some money for this case. This is my trial. Not a financial adviice.
by Dantefe
ICP ready to explodeICP recently had strong move upwards after touching ~21$ This was supported by big volume. But due to recent price action of BTC the Dfinity token has taken a dip, but is being supported stronger than BTC!! while btc is down -5% icp is only trading around -3% and this is at suddenly lower volume than the previous move upwards. imo, current price (anywhere below 24$) is a great price for ICP. We could still see some movement downwards in BTC which leads me to believe we could see between 21 - 22 for ICP.. but hard to know now. Keep watching btc movement closely.. soon as BTC bears are exausted, ICP will move up very quickly. Good day,
by The_Yeager
You will be surprised by the ICP price forecast in the ideaToday we present our global view of the ICPUSDT chart The ICP forecast will consist of several possible routes of ICPUSDT price movement, since we can't look ahead, but the calculations indicate one global target from above. On the ICPUSD chart, we can see the price from the bottom rounded and starting to move up. In recent days, we can see an increase in trading volume, which shows the struggle between buyers and sellers. Currently, the buyers are winning, as the price of the Internet Computer token is rising. For the next 1-2 months, the target zone at the top is $54-63 . The price of ICPUSD can get there either by rapid growth (white arrow) or by a saw (blue) In this price zone will decide where to go next: - fixing above $63 will open the way for the continuation of growth to $82 - If the sellers win in the area of $54-63, the correction may be delayed for a retest from above of the important $35 level, where the struggle is now taking place, but from the bottom. The global goal for all scenarios is a rise by the summer of 2022 to the area of $186-190. The fact that ICP is being linked to Web3, which can be a hype theme in 2022, adds positivity. Let's see how it will be, and you pls write your thoughts about the future of ICP and Web3 and what your expectations for 2022 in the comments. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
62