ICPUSD trade ideas
ICP update. potential outcomeWe have seen ICP move to the upside but with BTC dominance going up, ICP vs BTC has been absolutely taken a hit. if you take a look at the ICP/BTC dominance its dropped off trend. depending on how BTC performs in the upcoming week, we could see most alt still struggle to gain any momentum. i drew a couple outcomes that could possibly happen, this ofc depends on BTC. at this point when BTC falls, ALTs will usually gain. ***NFA***
we could possibly see it come down to see the 34-35 range and at as a spring and shakeout majority of the traders and to trap the shorts. ICP is pretty volatile, i would take caution.
ICP/USD longHello everyone , in daily timeframe ICP/USD formed a double bottom and a rise is expected.
ICPGuess what happens if it runs to $86? It forms a mega C&H and do you know what happens next? ... I dont but we will see
$shitcoin run
$ICP Harmonic reversal Real nice setup here on ICP with a smaller bullish shark for the confirmation low.
ICP possible risky LongAs you can see , we are still in a downtrend, but we found a good support. too much volume has happened here which can be a sign of whales buying this coin.
You can buy here with SL of 4H candle close below support.
If you are risk averse , you can wait and buy on break of downtrend.
ICP potential targetsWith BTC Price and dominance rising since last week. Most alt have been bleeding. ICP took the hardest hit but imo BTC is due for a correction and with ICP already falling nearly 30% ICP will hold up very well if BTC has a correction to the downside. Trend exhaustion. its heavily oversold.
these harmonic patterns are bearish but still needs to hit the target to become bearish. the D legs of these patterns have a possiblity of taking ICP near or past last highs before moving to the downside. NFA.
Use caution with these small cap ALTS.
ICPUSD Elliott wave projectionAnalysis based on Elliott wave theory and support and resistance.
Black lines are for scaling out of your position.
ICPUSD R/S flip Resistance has flipped to support. Once the indicators swing around when BTC.D tops out ICP is going right to $66.3
ICP ------ Don't miss this opportunity
(tips)
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
#ICP #CRYOPTO Internet Computer Protocol - CUP & HANDLE b/outNice Cup & handle breakout with a test of the breakout area holding for now. if the C&H target is achieved it should go to at least $64
A conservative yet realistic price path for ICB by year endIt appears that ICP could be in ascending channel. With that as my thesis I charted major lines of support and resistance and combined it with a fib retracement from the recent high to the major low in July. A blowoff top in December could have the price hit the 3.618 at about $250. I say this is conservative because FOMO could really hit hard and who knows how high it could go. Regardless I think a $250 target is more than realistic in this bull market.
ICP/USD Getting ready for a major move upICP accumulating in a major way. Institutions are stocking up on ICP/USD. Many blockchain insiders looking towards ICP as future of blockchain and internet. Potential for 100X. Keep it on the watchlist.
ICP bounce back towards $60When this crypto came out it was instantly a top 10 crypto. Almost unseen of....a black swan event if you will.
Years in development. The newest tech. Now its beat to shit (DEVs probably cashed out and then some), selling for pennies compared to ATH's. Although red, MACD seems to be trending slowly in the right direction. I'll take a swing at these prices and hope it starts trending back towards the 50 day MA.
Just an idea.
ICP on mixed signals ICP currently on the C wave. Will the price go now for a 5 waves to the upside or will form a inverted cup and handle?
ICP - The Biggest sell off (Almost Time) I've been watching ICP since the release. It was a top 3 out of nowhere. Then weeks pass and its been on a constant drop. Remember the Marketcap is still in the billions. There are a lot of money within ICP. I believe it will go back to 100-140 dollars or beyond. I have a Target of around 30 Dollars, after that, we should be able to start climbing up.
ICPI do like this range bound price action. I dont know what this token does. Zero research was done. If it dumps - I deserve it. If it pumps - see last sentence to tell you why I think its a place to add this invaluable asset.
Nothing excites me about it but I do like rising triangle and clear zig zag chop
Would like to see it back at $80
PS: Those of you that watch my posts and think that I know something - I don't. I am a pajama pants gambler and a noob so treat all my posts as entertainment Sunday newspaper material only.
Also, Harvest Full Moon is tonight so we gotta get that harvest. The moon is going to give us the pump.
Internet Computer maybe be a scam, but it can go up.
Internet Computer is undoubtedly a scam, after launching on coinbase it dropped from around $650 to $26 within a month. The developer team sold billons of dollars worth relentlessly on the open market. With that being said it looks like a decent set up to go higher with tight stop below support level. COINBASE:ICPUSD
ICP LONG SET UP (UPDATE) HODLSupport: $68.00/ $63.00/ $53.00/ $43.00/$35.50/$30.50/$28.50
Resistance: $71.00/ $88.00/ $103.00/ $124.00/ $138.00/ $168.00/ $203.00
ICP long swing tradeI've marked out my take profit levels, my entry and my stop loss on the S/R flip of this trade. Think it'll be a good one, targeting 2 Daily levels and a Weekly level
ICPUSD leading market indicators for downsideEMA MACD crosses, momentum looks like it will push price right through the cloud into a bear cycle. Most other high cap coins looking similar.
