🔥 ICP Copying SHIBA? Massive Break Out PotentialIn this analysis I want to dig deeper into a recent discovery I made. When laying the charts next to each other there are several similarities.
1) When the tokens first started trading on Binance, there was a huge, multi week sell-off that occurred. Both tokens lost 80%-90% of their first daily closing value
2) Both tokens had a very long period of accumulation. During this accumulation period price action was very limited and volume was low.
3) SHIBA saw one major candle on Oct 4th that launched the price out of this accumulation period. This candle was the starting moment of an almost 600% rally. A candle like that for ICP could be the start of a rally like that.
ICP is still in this period of accumulation. We saw some nice price action today, but nothing is signaling a break out of the accumulation period, yet. I'm waiting for a strong daily candle which will bring us above $80 before trying to ride the wave. The price has been suppressed for a very long time, so when the price finally goes it will explode to the upside.
Naturally, this is a very speculative analysis. However, the similarities are certainly there. Keep an eye out for big daily ICP candles, since it might signal another "SHIBA-move".
Happy trading!
ICP
ICP/USDT 4HOUR UPDATEWelcome to this quick
ICP/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- icp/usdt tringle pattern create
Entry:- cmp And buy the dip in green zone
Traget:- 20% to 25%
Stoploss:- $43.43
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
ICP is beginning its ascend to the promised land with a breakoutGreetings ICP believers! :-)
After a convincing breakout from the trendline ceiling of a 2-month long range ICP is ready to take off.
RSI made a bullish bounce from the 50 level. There are three higher bottoms in RSI . Price action will likely attack levels of previous September run between 62 and 85 and if it holds there it may go to 120 region where 4-month long trendline positioned on top of all the chart highs forms a resistance.
T1: 62
T2: 68
T3: 85
T4: 124
What to look for after $124? If price action breaks over the trendline the 150 level is next and we may quite possibly see $190-200 just on time for Christmas, although that's a bit optimistic.
My personal view is that #InternetComputer is one of the soundest projects out there (motoko code, team, speed, scalability, rate of adoption by developers) and has the potential to reach top 3 in market cap.
ICP/USD - First target hit! Can it got to $100?🚀ICP did not disappoint. After some choppy price action ICP finally pumped with a great candle today that took us to the first target as already indicated in my last ICP idea. :)
This level at $55 should server as a temporary resistance, but eventually it will break to take ICP higher. The more relevant target is just under $100 which is a great psychological level and also a key resistance on this chart.
Bias remains very bullish on ICP and I expect some excitement as we go higher. Indicators are also bullish, so we are looking healthy here.
Enjoy the ride!
Like and follow if you liked my idea!
MY NOT SO MINIMALIST ANALYSIS FOR INTERNET COMPUTER COIN$ICP
11.04.21
1852H +8 SINGAPORE
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
The market is contracting Midway of the RSI and nowhere to go down but UP!
I think it will make a significant DIP to ts LOWEST PRICE, attracting more BUYERS for a PARABOLIC to HAPPEN!
Just Keep watch of Volume and Price action Happening during a COIL.
READ INSTRUCTIONS BELOW to maximize your trades! Happy Hunting!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
Note:
Master your Trading Discipline
, Trader's Psychology and Institutional Trading Psychology
Internet Computer (ICP)Hi everyone,
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
**IF YOU WANT ME TO ANALLYSIS ANY OTHER CRYPTOS, PLEASE COMMENT THE NAME OF IT FOR ME**
ICP – this breakout will double the price!Hello, everyone!
Let’s take a look at the Internet Computer (ICP). It has a huge post-listing price drop and now it looks like the accumulation. According to Fibonacci retracement analysis for the last impulse move to the upside we can conclude that the price is in the Buy Zone. If the daily candle close below 0.78 Fib ($40) the bullish scenario is cancelled.
If the price will break through to the upside from the current Buy Zone and Trendline Resistance the potential growth could be to the Fibonacci extension levels 1 and 1.61 ($98-$136). Another one evidence for the further growth is the Bullish Divergence with the Awesome Oscillator. This is the strongest signal in TA.
We can buy now with the short stop loss below $40 or waiting for breakout confirmation to execute the long trade.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
✴️ ICP (Update) - We may see a fallICP faced a lot of sell pressure and could not break the resistance zone of $47.36 - $49.0. Also, the uptrend is not broken yet. The probability is increasing that we may see a fall in ICP around $42.0 and quite below. Condition is the same for bullish continuation; the price must break and close above the resistance zone.
ICP - the ugliest selloff in crypto history is now a good buyIt came out of nowhere. Internet Computer or ICP.
57 billion market cap, which is equal to the market cap of Ripple current #7.
The ugliest selloff, not a single investor/speculator made the big money with longing ICP.
I understand the mistrust of this coin, the anger, the pain it caused with its brutal downfall.
But now the last cycle of the bull run, the alt season got started by Shiba Inu.
And same as in 2017 there won't be losers, there will be starters and laggers.
The chart looks like Bitcoin Cash 2017, a selloff with a subsequent surge of 1000%
I have no specific time prediction when, but ICP will make buyers in the 50$ area very happy until the market crumbles in a spectacular fashion.
Will it hit a new ATH? Likely, but me for my part gonna sell with solid 500-600% gains.
Make your own opinion, no financial advice.
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered.
Bulls buy when prices are low.
Bears will short when prices are high.
Pigs buy when prices are high.
$ICP Analysis📍$ICP Analysis
Timeframe: 1D
--------------------
on the daily time frame, we see the confirmation of a breakout and a retest over the down broken trend line
the 0.71 Fib level is acting as mid term support <hile the golden zone has rejected before the price
we will see if the price can cross up the golden fib zone and keep moving bullish
or we might see consolidation over the upcoming days
--------------------
Best Regards, iSmashProfit™
ICP is tying hard to break its downtrend!!Technical analysis: #ICP (Daily update)
* ICPUSDT is try to BREAKOUT the Fallingwadge pattern, the beginning of an uptrend is expected from here.
*The price is trading ABOVE 21- MA but try to break the 50 MA as well as trend line , LOOK too bullish when it will trade above the both MA's as well as downtrend. it could start new really to $100 or more soon!!
* RSI above the 50 that's means bulls are upper hand and also try to break its resistance, if it broken then ICP will take momentum from here..
Take Profits,
TP1= @ $62.62
TP2= @ $75.86
TP3= @ $99.39
TP4= @ $136.71
next to the moon lol
SL=close BELOW $35 on daily bases.
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#ICP #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
ICP returns again, another BUY opportunityIn the last idea we shared on ICP, we could gain 100% with 5x lev and hit TP successfully.
ICP now returned to the BUY area right on its strong support level. Best buy are is 41-42, but buying manually is safe.
The Idea is clear on the chart.
My targets are: 47.5, 54, and 75
When I reach Target 1, I close my position and ensure that ICP can break the downtrend. when it breaks, I will re enter to reach target 2, and the same way I will secure my profit there and enter again when it could break its resistance there with positive momentum, money flow, and positive market.
Our last idea:
Please like and follow to encourage.