ICP
Project With An Actual UseInternet Computer (ICP) is a decentralized blockchain network that was officially launched in May 2021 by the DFINITY Foundation with a global goal to push the boundaries of Internet functionality and support smart contract development at a larger scale.
With Internet Computer, absolutely anyone can create software and run it on the Internet; any user can get acquainted with blockchain technology, any developer can create a DeFi application.
All work processes take place in a decentralized network on special equipment, whereas many other blockchains run on the cloud.
Internet Computer is primarily about speed: the ICP cryptocurrency works at web speed.
ICP is backed by the crypto industry, with respected investors including Andreessen Horowitz, Aspect Ventures, Electric Capital, CoinFund, Fenbushi Capital, LedgerPrime, Multicoin Capital, SNZ, Scalar Capital, ZeroEx, Intl., a16z Crypto, and Polychain Capital.
ICP losing values since day1.
Right now we are in a strong downtrend in the weekly chart and there is no sign for bullish movement.
But for the next cycle this could be a pretty good buy since it has a lot of instutional investors and actual usage to improve blockchain technology.
Always invest in tech. I do believe in the next cycle this project can reach its ATH areas.
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ICP, What Next? ICP has had a dismal debut in the crypto markets. A listing dump, a long downtrend, and a dwindling market cap; ICP now sits roughly 98% below value of Coinbase listing.
Internet Computer is a Web 3.0 blockchain project that has a lot of potential. I believe positive news and a growing user base is coming. It's only a matter of time. It is the world's first blockchain that runs at web speed with unbounded capacity.
ICP is ranked #37 on CMC with a market cap of 4.3B at the time of writing.
I am following price action to determine if a bottom and accumulation will be formed and a new uptrend born. Recently, I am happy to see no massive moves have been made as other cryptos have experienced sharp bounces from recent lows. Slow and steady will form the foundation for a lasting rise.
IF ICP can make it back into the top 10 cryptos it has potential to offer 10x+ gains from current prices.
--For example ADA has a market cap currently of 38.4B, ranking #7 ahead of SOL with a market cap of 34B. (BNB and ETH 70B and 365B respectively.)
Compare to ICP current 4B market cap I'm sure you can see the potential.
I have begun to make some small purchases with the intent of a long hold.
ATL currently $18.11 - It is yet to be seen if we have found the bottom.
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ICP to $9?A lot of alt coin charts are looking the same. Bearish price structure with indicators flashing bearish signals.
The daily RSI recent broke down out of a line of support it established back in December and it looks like we just had a bearish retest.
All of this combined with current market sentiment is telling me that there could be real capitulation before we break higher.
In my opinion we could head down to the falling wedge line of support before we break higher. Right now that support is at around $9.
#btcstarburst To Early To Call The Bounce?So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot, Eth, ADA and possibly ICP not sure about this one but this actually could play out to be successful for many people). Since Bitcoin pulls the market…. This is a GANN study The map of resistance and support has been playing out pretty significantly.
ICP/USDT 700% Potential After Breakout ( Request Chart )Request Chart :-
#ICP/USDT TA Update:-
$ICP currently trading at $17 level.
I am buying here some $ICP for mid term.
My entry always in Spot. ( When I use HTF Chart)
- Double Bottom in 2D Chart.
- Small Bullish Engulfing.
Breakout Point:- $20
Support:- $15
Entry:- There are Two entries:-
1st for Risk Traders :- $15-$17
2nd ( After Breakout) :- $21
2nd Entry only when Breakout and Candle Close above $21
And You can also take entry At retest Level after breakout.
Retest level Could be after breakout = $17-$19
Targets:- $23.32/$38/$55/$77/$126
*** $ICP is 700% Potential after Breakout.
Stop Loss:- $14.50
ICP needs to range sideways to gain buyer confidenceICP has been one of the worst performing assets in the market. However, it has very strong fundamentals with a ecosystem that is growing at breakneck speeds.
With all of the mistrust surrounding ICP in the markets, I think ICP in the short term is likely to visit ~$22, but NEEDS to range sideways for a considerable time gain buyer confidence again and make serious moves to the upside. The seller momentum is likely to be be high still and any gains seen may be quickly erased.
So if ICP ranges sideways for a month or two it is likely to attract more buyers to and gain real momentum in the upside again. Bulls need to defend the $15-17 support range.
Long for ICP after a long compressionSince the initial public launch, This coin has gone through severe compression. As you can see in the chart, the Price action had shaped a wedge from Jan 22 till March 22. Moreover, the price area of 14.5$ _ 15.5$ has proved to be an unfailing and trustworthy foundation.
Plus if you consider the price chart with RSI simultaneously in Daily timeframe, you'll see a perfect Divergence. What made me more excited about this setup was another divergence of Price and RSI in WEEKLY timeframe.
Although There are no certainty in financial markets analysis, which by the way this one is no exception, I find this coin and this setup highly rewardable and although I have defined the 14.5$ as the bottom line and SL price, but I would recommend to those who are tolerant and also thrilled with experiencing real risks (who will see tremendous Profits in their lives) to stick to their position and Add to it on 11$ and 6 $ and wait for it to get to 52$ and 70$.