ICP
Internet Computer (ICP) Has Been Consolidating Will Get to $60Internet Computer (ICP) has really been squeezing in between $42.00 - $50.00 for the past month. Not much volatility has been happening with ICP it's just been moving sideways for most of October. It has not been up to pace with most of the market this month. When coins are moving like this these are the ones I like to keep an eye on. The majority of the trading has been at around $45.50 since July which is serving as the point of control (POC) for Internet Computer. It's becoming clear that a lot of accumulation has been happening in the mid $40 level for ICP.
Essentially Internet Computer is striving to become a decentralized global computer that is geared toward cryptocurrency ecosystems. It's still a relatively new project and it has very strong crypto institutional backings. Once it fully breaks past it's current resistance of $53.00 I believe we will se ICP back in the $60 levels. The a nice amount of upside from these the lower to mid $40 range and we're still mellow on the RSI. Keep ICP on your radars!
Support: $42.50
Short Term Resistance: $48.55
Resistance: $53.00
Much peace, love, wealth, and health!
ICP - Could be gearing up for 11+ bil MCICP could be gearing up to hit around a $11.5 billion market cap - which would be my 1st target on a long position. This is taken from the bottom of the trend line of the initial trend, which started it's push from the double bottom @ $3.8 bil MC. If there are a couple of decisive closings above $11.5 billion within the next few days, it wouldn't be impossible if it reached for the original trend line's top - just shy of $30 billion.
Invalidation of this would be if it were to decisively spit out of the current pattern, hitting approximately $6 billion in MC.
Best of luck, and trade responsibly.
ICP accumulations about to end Hi All,
Internet computer protocol (ICP) has broken the down trend and weave 2 seems to have ended. I believe this coin will lead during the second phase of the bull market as its Ecosystem is expending and use case.
The Internet Computer will add smart contracts to Bitcoin through an application of Chain Key cryptography that will directly integrate the networks. Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin.
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ICP LONG IT AND FORGET ITHi,
I still think ICP chart look prime to put an entry. It's a long term high time frame position which can take months but this is the time to get into that setup.
I'm expecting 4-10x pump in coming future.
So, keep an eye on it and accumulate as much as you can.
All the best!
ICP - is going to breakout this resistance 😲🚀On the ICP chart, we see a trend line that is now acting as resistance. The price will go up if it breaks this resistance.
The best scenario would be if the price goes back down to $39.5 and then breaks the trend line. In that case, there will be a good entry point after the breakout.
There is also a good buying opportunity if the price squeezes near the trend line and breaks through it.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ICP/USD - Another rally in the making? $100 possible! 🚀ICP seems to be in the early stages for a nice pump that can double its price.
As you can see on the chart we completed a second double bottom and if history is of any indication, we should soon expect a pump.
We have a first resistance at $55, but I don't think that can hold the price from exploring higher levels. The better target is around $100 or the 23% Fib level.
Therefore, good to consider a position before the rally starts and be patient. Support has so far held well.
What do you think about this coin? It corrected over 90% after launch when ICP was over $400. Seems we could get a nice bounce towards $100, at least. The indicators are also primed, including on the BTC pair.
Like and follow if you liked this idea!
ICP - UpdateICP Update
1D/4H Charts
Still bullish creating new HH and HL structure whilst breaking out of corrective wave downtrend with volume intension. It’s been picking up liquidity from the daily demand creating a series of pin bars and Dojis and now showing marubozu candle on the previous daily which is a good sign the bulls are now in control and momentum is upwards. MACD on both daily and 4H showing good momentum.
Currently in this trade still from my previous analysis posted in my telegram channel on October 13th. Expecting a continuation and reclaim of the major trend as we continue with bullish momentum across alts
ICP - is going to breakout this trendline 😲🚀ICP - preparing to break the local trend line.
Good buying opportunity after breaking or retesting the trend line as support.
But there are a lot of traps in the market right now, so be prepared for a false breakout.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ICP triangleBroke out from this descending channel,
formed symmetrical triangle and running out of space soon,
this black ascending (black) channel is not confirmed yet,
only element of this possible channel is support trend line that held as support 3 times already
indicators looks OK and ready to go up,
Only enemy is rising BTC dominance, and attention that BTC got,
worst than that could be potential BTC dump (but talking about it is heresy right now)
So this possible move up have real chance that it could be delayed, or even canceled...
Be careful,
Good luck traders
ICP - Massively underrated project with huge upsideHey! Il keep it simple on ICP, check the chart to see my comments.
I have made a huge research on this project and from what I have gathered I am 200% in on it for the short term and long term.
I believe ICP can reach a target of 500-1000$ by end of this year and up to 2000$ on 2022.
ICP plans are like the start of the 90's when internet was something that no-one had seen before and if they succeed then it will be as large as if not larger than BTC or ETH, raking it in the top5 coins in next year or two. But this is a bullish scenario if the whole market moves up.
Basically it will be the blockchain mother of all new blockchains in the future, bringing true decentralization. As we know currently none of the crypto projects is truly decentralized because the whole internet is managed by few huge companies and ICP plans are to change that and give back the power to the people.
This is not a pump shill fun coin , this is a massive project with real world problem solving solutions and they are pioneering the way.
I agree to disagree with you if our thoughts are not the same. This is my personal opinion on what I have researched. I even can't comprehend the tech that is behind it. There is a lot new to learn.
So the Technical at the moment:
Possible drop to 26-35 range and then heading up.
Best scenario we hold the 40 zone that is a strong support at the moment and we go up from this point.
Worst scenario it goes to bear market and drops even under 26. In that case I would be happy to buy even larger bags.
Thanks and have a wonderful day and safe trading!
Hit a like and follow if you support my idea. :)
ICPUSDT - Long or Short? some thing we need to notice!BYBIT:ICPUSDT
1H trend chart
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Long
Price has stopped falling since hit high on 10/6 and keep consolidating now.
We can expect it is going to break out the long-term downtrend line.
If this downtrend line is taken out, there is a timing for entry.
But I suggest to long after confirming the price stands firm at $45.48(blue horizontal ray)
Short
A potential Head and Shoulders pattern is forming...
Therefore, should be very careful if the lower uptrend line is broken out.
I prefer to long it, so if it does as we presume above, trading strategy as below.
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Profit Targets:
a) 47.48----Fib(1)
b) 49.51~50.34----Fib(1.272~1.382)
c) 54.96----Fib(2)
Stop losses:
I will provide it depend on the timing I open position.
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