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ICP

#ICPUSDT Breaking out, Worth a shot?Welcome to this quick trade setup. ICP broke out of the orange falling wedge channel inside the larger channel. If we zoom out you can see a bounce on the support trendline VOLUME IS LOOKING GOOD too. Many indicators point towards reversal signs. The strategy is to accumulate at lower levels by buying at every dip. ENTRY: $15.47 to $17.54 Targets:- $21.88 $29.83 $34.52 $40.12 $55.32 $81.33 $121.30 Stop Loss:- $14.77 Do your own research before investing, I am not a financial advisor. Keep in mind this is a long-term view and it can change as per market conditions. If you want me to post more trade setups, do hit the like button and share your views in the comments section. Thank you #PEACE
Long
by Cryptorphic
2
ICP/USDT BREAKS OUT! 80% PROFIT EXPECTED!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ICP/USDT TRADE setup. ICP looks great here. Breaking out from the falling wedge in the daily time frame. It also breaks 21ma. Also, making a big bullish divergence in the daily time frame. Buy some now and add more in dips. Entry range:- $16.4-$17.4 Target1:- $20.2 Target2:- $23.6 Target3:- $27.4 Target4:- $30.2 SL:- $15 Use low leverage (2x-4x) If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
ICP to $38 in April?If we continue to see BTC pump into spring time I think it we can expect alts to follow. I expect ICP to head toward the point of control of this lower price range at around $20. This would coincide wit a break of the descending wedged. It would then be reasonable to see a bullish retest at the top of the wedge before a continuation to what I consider the first major level at around $38-$40. A break and hold of $38-$40 would confirm a macro reversal. I expect ICP would challenge that $87 local high shortly after. I think we could see the retest of the $38-$40 by mid April.
COINBASE:ICPUSDLong
by CryptoNCoffee
1
Falling wedge patternAs I always harp on about, you should have a very distinct idea of where your stop loss will be placed when you trade any position, and wedges are no exception. One of the most common areas to place your stop loss when trading wedge patterns is just above or below the retracement immediately prior to the breakout. This is the point at which the market has proven your setup invalid. The below image illustrates a common area where traders tend to place their stops.
Long
by Crypt0_Ninja
1
ICP bullish setup and high risk/reward ratioICP broke out of a long-term RSI trend on 1D followed by a bullish rsi divergence. Today as bitcoin hit a new intraday high followed by the 15% gains from yesterday (due to the Ukraine/Russia crypto inflows), ICP is painting a bullish picture. In fact ICP has been scraping the floor of heavily oversold RSI areas since January. There is a bullish breakout in the candle chart as well on the 1D timeframe and it is possible the following bullish scenario and targets play out: T1: 24 T2: 26 T3: 32 It is recommended to have a short stoploss here, since the geopolitical factors could artificially influence the crypto rally, even as correlation to equities is diminished due to its newfound safe haven and inflation hedge status during the war conflict. Stoploss at $17.35 is a decent risk/reward ration considering the targets.
Long
by dimidob
3