ICP
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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Have a nice trading!
ICP update. potential outcomeWe have seen ICP move to the upside but with BTC dominance going up, ICP vs BTC has been absolutely taken a hit. if you take a look at the ICP/BTC dominance its dropped off trend. depending on how BTC performs in the upcoming week, we could see most alt still struggle to gain any momentum. i drew a couple outcomes that could possibly happen, this ofc depends on BTC. at this point when BTC falls, ALTs will usually gain. ***NFA***
we could possibly see it come down to see the 34-35 range and at as a spring and shakeout majority of the traders and to trap the shorts. ICP is pretty volatile, i would take caution.
ICP falling wedge#ICPBTC
#ICP in BTC pair shows a falling wedge pattern, the only support I can see is the lower line of wedge, also RSI candles are forming this falling wedge, and the hope is that this indicator is in over sold zone. another hope for bulls is that green candle, that its close is above the open of previous candle. a break above upper line of falling wedge will move price upward toward the second resistance zone which is around 60% to 80% increase from here.
ICP Looking GoodICP with a nice double bottom there was also a nice cup and handle that played out in the shorter time frame. Id expect the RSI to cool off a little bit and give more room to run. I think we could see a drop back down to support before we blast off. This is all of course dependent on bitcoin moving sideways but even when bitcoin corrected a bit ICP stayed strong. Lets see what happens.
Thanks for viewing my post!
₿ ICPUSDT 1D ₿ : 16.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, be free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 16.Oct.2021
⚠️(DYOR)
Internet Computer vs Tether Going Bullish (ICPUSDT #2)I've been drawing this chart several times now but my "wonderful" Apple laptop decides to reset the page each time and delete everything... Useless Safari/MacOS so I guess we get no drawings.
Here we have Internet Computer (ICPUSDT) turning now bullish and this supported by multiple signals.
We had a low back on the 20th of July after which a bullish move showed up peaking 6-September, we end up next with a higher low and things are starting to turn.
We can see the trading volume leaning towards the bulls/green.
We have prices moving above EMA10.
As a signal, the recent higher low between 26-Sept. and 13-Oct. cannot be overstated.
This is the giveaway telling us of higher prices.
I can't believe I wasted thousands of dollars on this laptop but ICPUSDT doesn't care and is ready to move up.
I've mapped mutliple targets for you...
There were better drawings... Sorry.
Thanks a lot for your support.
Namaste.
icp breakoutICP was consolidating lately but these double bottoms are promising its new direction. for more conformation we need that daily candle closes above the trendline and 50 moving average. bottom indicator shows little crossing movement which culd be exciting. in 1H chart the MA crossover has shown the first green candle after a little long. ICP has a long way to go.. keep and eye on it. have a green days.
ICP - can be easy 15%YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
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