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ICPUSD trade ideas

Could ICP actually break to the upside for once?If we have indeed already found are market bottom, then we may actually see ICP break upward for once in its existence. If it does the target is all the way up at $11. It’s hard to trust this asset considering how far it has fallen, but at the same time, if there’s ever a chance this one can find a way to ever set a new all time high and I bought in at this level, I would stand to make a crazy profit if I could HODL it for that long (if it ever even comes close to its ath). Most people that would take this current trade would likely probably take profits once it hit the target which is always wise, however I may buy such a small portion here that letting it sits until a possible new ath wouldn’t phase me at all…grabbing a small amount here with money I can afford to lose is worth it I won’t have to stress about when to get rid of it and if I get lucky enough to see ICP hit another ath I can take it out at that point. If it continues to dip no big loss for me as I have nothing major invested in it anywyas *not financial advice*
COINBASE:ICPUSD
by DrDovetail
CUP AND HANDLE SET UP $ICPThese rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns' Hi guys, cup and handle set up on ICP. 1. Previous to 1st cup lip rise in price > 30% 2. Right cup lip around the same price as left cup lip 3. Length of cup > 7 weeks. 4. length of handle > 1 week. 5. Invalid if daily close below 50% of the cup These rules are based on Thomas N. Bulkowski Targets are on the chart.. would suggest running a trailing SL to get max returns on this one. Like and follow if you found this of use. Not financial advise.
COINBASE:ICPUSDLong
by mammamia2
Nice Technical tradeLooks like this is being pulled along by bitcoins current rally and the momentum has cause the price to break up and out of the previous ascending range/channel, retested the break, now currently developing support on top of the previous resistance. This is crypto, odds are longer, trades are more fragile because liquidity can trap you.... This is really just for fun and if anyone follows this trade, they should be prepared to lose all deployed capital and possibly even more through incidental costs and tax liabilities. THIS IS NOT FINANCIAL ADVICE, THE ONLY ADVICE IS TO MAKE YOUR OWN TRADES
COINBASE:ICPUSDLong
by rolledchange
1
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