ICP 1D Long buy zone and fixing targets in the descriptionToday we will consider the trading pair ICPUSDT
Judging by the amount of your requests we understand that you are interested in ICP coin, and perhaps the internet computer project have good prospects for growth.
Looking at the chart of ICPUSD , we can assume that the process of accumulation of long-term long position is going on now.
Waves-men may say that it is a lingering 2nd wave.
We earlier placed the buy orders in the range of $34.50-37.50 and at the previous breakout down, only one of the buy orders went off. We are still keeping the other buy orders open as there is still a chance of another downside spill.
If you don't have patience and have a strong belief in the project, the buy zone of $37.50-43.50 is also tasty and weighted, because it is relatively close to an absolute low.
The targets from above to fix the longs will be in the $150-185 range , and we will try to cover the longs than closer to $185.
Write in the comments what the project promises and what you expect from it.
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ICP
Dfinity -ICP Internet ComputerInternet Computer is a third-generation blockchain developed by Dfinity. One of the goals of which is the creation of a decentralized Internet. Internet Computer is based on the new programming language Motoko. It is open-source that supports advanced work with smart contracts and the creation of scalable, high-performance decentralized applications and services.
At the moment, the Dfinity team has more than 200 employees. There are a lot of famous personalities. ICP aims to create a "blockchain singularity" in which every system and service is rebuilt and reimagined using smart contracts and runs entirely on the public blockchain without the need for traditional IT. Project management is largely under the control of the Internet Computer community. In addition, Internet Computer will use its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses to be hosted on Internet Computer.
What is an ICP token?
The ICP token provides gas to the network and allows holders to vote on proposals that will shape the future of Internet Computer. Users create "voting neurons" that allow them to vote either manually or automatically by tuning their neurons to follow other neurons.
You can read more about neurons in the article.
www.dfinitycommunity.com
Also, you can lock your ICPs for a period of 6 months to 8 years and receive profitability for participating in voting.
Back in 2018, people were given 28 ICPs for registering on Coinlist and verification, and 120 ICPs fell for testing the system. For three years people have been waiting for their drop, looking after their cars, thinking about the comfortable future that the ICP drop will bring them. The reality turned out to be not as colorful as dreams. Instead of hundreds of thousands of dollars, people received annual vesting for tokens, and the ICP price quickly rolled away from $500 to $50.
Projects on ICP:
Plug Wallet - the convenient wallet, a browser extension;
Stoic Wallet - another wallet for the ICP ecosystem;
Fleek - the product that includes hosting web resources and applications, cloud storage;
District - the fully decentralized, community-built professional social network;
DSCVR - the decentralized version of Reddit on ICP;
OpenChat - the decentralized messenger;
IC Drive - Decentralized Data Warehouse;
ICmoji Origins, Texas Holdem, Mission is Possible, Reversi - ICP games;
Enterot - NFT marketplace;
DFinance, ICPSwap - DeFi projects (swaps, farms, etc);
More projects here:
dfinity.org
ICPSquad:
twitter.com
In short - by having an NFT personage and performing any interactions within the ICP ecosystem, you get a chance to earn tokens and accessories for your personages. If you missed it - you can still take an avatar in pre-order. If you plan to dive into the ICP ecosystem - it will be much interesting with an avatar.
I don't see anything original in the ecosystem. Decentralized social networks and versions of the tools we're used to are good, but speculators can't make money here. We look forward to our pre-order avatars and the emergence of serious DeFi products. We plan to use ICP in all applications where it will be possible to obtain ICPSquad accessories.
ICP ranks 27th in terms of capitalization, with a cap around $7.61 billion.
Is it worth buying an ICP token now? I think this is a good idea for a small percentage of your deposit in the long run. Reasons for growth:
1) The chart since June represents accumulation in the range of $30-80. Blockchain hype can reach the Internet Computer sooner or later, and we will see a good way out of accumulation.
2) Fork Badlands - BDL tokens will be issued to ICP holders.
3) Launch of smart contracts on the bitcoin network.
Best regards,
EXCAVO
ICP (internet computer) : in-depth analysis
ICP BUY/SELL ZONES
SHORT TERM SCENARIO=
BUY ZONE 1= $41.93 TARGET ZONE 1= $56.82
BUY ZONE 2= $39.73 TARGET ZONE 2= $63.75
BUY ZONE 3= $34.28 TARGET ZONE 3= $72.90
BUY ZONE 4= $26.81 TARGET ZONE 4= $86.63
LONG TERM SCENARIO (MY STRATEGY) =
BUY ZONE 1= $39.73 TARGET ZONE 1= $67.77
BUY ZONE 2= $34.28 TARGET ZONE 2= $94.73
BUY ZONE 3= $26.81 TARGET ZONE 3= $132.69
BUY ZONE 4= $21.32 TARGET ZONE 4= $198.26
BUY ZONE 5= $16.24 TARGET ZONE 5= $305.61
BUY ZONE 6= $10.54 TARGET ZONE 6= INFINITY ( depend upon MARKET STRUCTURE )
GOLDEN RESISTANCE ZONE 1= $47.94-$49.87 (will be flipped to ALL-TIME SUPPORT later on)
GOLDEN RESISTANCE ZONE 2= $54.03-$55.63
GOLDEN RESISTANCE ZONE 3= $64.14-$66.07
GOLDEN RESISTANCE ZONE 4= $67.68-$69.32
GOLDEN RESISTANCE ZONE 5= $94.68-$98.19
GOLDEN RESISTANCE ZONE 6= $306.18-$320.65
GOLDEN SUPPORT ZONE 1= $47.94-$49.87 (to be flipped later on)
GOLDEN SUPPORT ZONE 2= $40.70-$41.94
VALUE AREA (for SCALPING) =
MONTHLY VAH = $46.98
MONTHLY VAL = $40.95
WEEKLY VAH = $53.96
WEEKLY VAL = $44.01
GOLDEN MOVING AVERAGE AT = $46.93
DAILY GOLDEN MOVING AVERAGE AT = $47.46
MONTHLY GOLDEN ZONE (at present) = $51.07-$51.72
WEEKLY GOLDEN ZONE (at present) = $45.64-$45.98
ICP HISTORY = Launched in May 2021 ; layer 1 protocol (decentralize the Internet through smart contracts)
DEFINITY (NPO non-profit organization and research institute).
ICP from Switzerland.
Founder = Dominic Williams (one of the early members of Ethereum and Bitcoin)
Investors = Anderson ( VCA Venture Capitalist ), Polychain Capitals etc
Applications made on ICP= finance, centralized finance, NFT, gaming, clone of Tik Tok = Can Can; LinkedIn's clone Linked up.
Platforms= Fleet (to create a website) ; Capsule Social (to create social media platforms)
Working on = META
ICP is long term project.
Three bullish patterns What Are Adam And Eve Chart Patterns?
Adam And Eve chart pattern formed when one sharp V-shaped first bottom low is made on high volume. This is the first “Adam” bottom. Then the price bounces back higher but later goes lower a second time to create a second cup shape as a second bottom that is the “Eve” on decreasing volatility and a tighter price range.
What Is an Ascending Channel?
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
What Is an Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom," is similar to the standard head and shoulders pattern, but inverted, with the head and shoulders top used to predict reversals in downtrends.
Are you selling the bottom of ICP?I just wanted to share this ascending channel with the community. I have been following ICP very closely for the last few months and have noticed that the logarithmic lines of support and resistance inside this ascending channel have played off pretty well. As long as we remain in a bull market I do believe we will reach $158 at minimum by the end of December. My price target however is between $250-300 in the event of a FOMO driven blow off top.
ICP Next SHIB ? ICP / USDT
price is looking in long accumulation range
👉check my old post regarding ICP i posted it during dump phase ☠️ in june :
👉Also check SHIB chart before breakout you can find some similarities between them :
NOTE : Accumulation range usually take very long time
INVALIDATION : if price fixed below current range new range will be formed at new low prices so be ready for that too
Always DYOR
What do you think about ICP share with us in comments below
💻ICP- the most unlucky listing of this yearAfter the last failed breakout attempt the price went back to the bottom of the formation, bounced from the dynamic support (purple) and is most likely preparing for another breakout attempt.
A bit of history: ICP had quite an unfortunate start. It was listed on 11th of May- the day before Bitcoin dumped -50% and the whole marked collapsed. The project was originally pretty hyped, the price went up 1000% the day it was listed on Binance reaching the price of 2831$ per coin. And then it dumped -99% 😆 Anyway- this is of course beyond technical analysis, but the truth is ICP is very comparable to the other top eco chains such as ADA or SOL, it provides some unique solutions and it could easily be a TOP10 coin in terms of market cap. So is it undervalued? Yes. Does it matter? Well.. No, but to me this aspect is just like a technical indicator- if it adds up to overall confluence than that's good, and in this case it does.
Entry: buy in the lower part of the formation (current price) down to 45.00
SL: below 37.36
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About ICP:
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network.
Source: coinmarketcap
Internet Computer... She's ready to Blow!!! 🚀Internet computer has formed an upside down head and shoulders formation which ties up perfectly with my blue long-term resistance.
When the price breaks through the neckline of the inverted head and shoulders it will also break long-term resistance.
Both of these moments will coincide at the same time increasing the possibility of a breakout and huge upside 🚀
ICP done w retest?Full disclosure, first published idea…
I think this has broke and is done retesting. Could see 62, 76, 88, then 104+ if structure holds? Stop loss around 41 depending on risk level?
Opinions and comments appreciated. Self education so helpful criticism is encouraged and appreciated
ICP is going to shineIt's time for ICP to take off.. to levels beyond imagination..
If we're going back to ICO.. which was 600 usd/token.. that's already insane, but only a midterm target...
Don't forget this was the most important invention after bitcoin and ethereum.
ICP will literally change the flow and speed of crypto and the internet, build powerful software and platforms
for all industry, finance, enterprise systems and websites. It could be the alpha and the omega, the oracle of the net.
ICP, is it really bullish?this week we could enter ICP twice and get 100% profit in the first trade and 60% in the second trade with 5x lev.
The whole idea is written in the previous idea (link below). I am neither bearish nor bullish now, if it returns to BUY are between 40-41 then we will buy again with SL and if it will break out the down trend with positive money flow, then we will enter again and the next target will be 54. small resistance and then $75 per ICP.
Wish you all the best.