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ICP

ICP technical analysis, buy here for the long term!ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy ICP for the long term! What is the Internet Computer and ICP? The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization. Why Does the ICP token have value? The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.
Long
by Xanrox
14
Cryptolean Chainlink $ICP Update After being unable to re-claim the key resistance zone of $15.27-$15.94 and forming a double top, ICP declined sharply to $12.06, the key daily support. A bullish reversal from $12.06 is likely, assuming we see back bullishness in Bitcoin, and will result in a move to re-test $13.54, however the price action may be slow and choppy. A bearish break-out of $12.06 will push ICP price in the bearish territory and will increase probability of a deeper correction towards the key support zone at$9.66-$10.33 and, possibly, lower to $8.06. Intraday Chart The ICPUSDT 4-Hour chart is bearish and trading very close to the key intraday support zone at $10.62-$11.43. (1) A rejection of $12.58 or (2) a bearish dip and a bullish rejection of $10.62-$11.43 will lead to a upward move towards $13.54 and, possibly, higher to $15.32. A bullish break-out of $12.58 will push price to re-test $13.54 and possibly $14.43. Support once read! Thank you.
BINANCE:ICPUSD
by Trade-Lean
5
⚡ ICP (Internet Computer) Trade Setup ⚡📊 Analysis: Historical Price Movement: ICP has experienced a significant decline from its all-time high of $2,800 in May 2021. Target Price: The analysis suggests a reasonable target at the September 2021 high of $85.00. Buy Area: Plan to enter a long spot trade in the buy area between $11.00 - $12.00. Take Profit: Consider taking profits at the area of resistance around $14.00 - $15.75 and the next area at $22.00 - $23.50. Stop Loss: Set the stop loss just below $10.60 to manage potential losses. 🌐 Note: Always stay informed about market conditions and adjust your strategy accordingly.
Long
by Richtv_official
ICP - Easy +40%? Hi, this is my new update for ICP. In the past 2-3 months altcoins have exploded more than 100% each, but ICP has been very stable in this beautiful ascending triangle. As you see we are getting very close to the end of this triangle and we are going to see a big breakout in the next couple of the days. The probability that it will breakout upside is much higher. I expect once we break the resistance 14.50-15.50, then we are going to fill the gap in the blue box around 19.70 - 20.70. Watch closely once we breakdown the red trendline then we have lost both the 20 & 50 EMA and things will get little bit complicated and we should consider sell.
COINBASE:ICPUSDLong
by GOAT1375
1
ICP Secondary trend wedge zone in accumulation channel 10 2023Secondary trend. Work with the breakout of the wedge and the range of the horizontal accumulation channel. The price now (narrowed part of the wedge) is in the capitulation zone, that is, under the support of the accumulation channel. Line chart. of this zone to work. Secondary trend That is, the horizontal accumulation channel. ICP/USDT Secondary trend. Accumulation channel. About mani management in working now on similar medium and low liquidity cryptocurrencies read in the description of this trading idea: RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023
Long
by SpartaBTC
1
ICP Road Map🗺️!!! situation+next targets.Hi. BINANCE:ICPUSDT Today, I want to analyze ALPHA for you in a 3D time frame so that we can have a mid-term view of ALPHA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). Bullish pennant is on the table on 3D timeframe🔍 Looking for a break out and more upside📈 ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - AB=CD - Ascending pennant Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
ICP Price Analysis: Bullish Breakout Signals Potential 76% UpswICP has been on a tear since breaking out of its weekly accumulation box. The price has surged over 50% in just a few days and is now approaching its next major resistance level at $13.61. A bullish engulfing candle on the weekly chart suggests that the bulls are in control and that the price is likely to continue its upward trend. If the price can break above $13.61 with conviction, it could open the door for a rally to $76, representing a potential upside of 76%. However, traders should exercise caution before entering a long position. The cryptocurrency market is notoriously volatile and prices can reverse quickly. A stop-loss order should be placed below $8 to mitigate risk in case of a sudden sell-off. It is important to note that this analysis is for informational purposes only and should not be construed as financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Key Technical Indicators: Support Levels: $12.00, $10.00 Resistance Levels: $13.61, $15.00, $18.00 Relative Strength Index (RSI): 65 (Overbought) Moving Average Convergence Divergence (MACD): Bullish crossover Trading Strategy: Buy: If the price breaks above $13.61 with conviction. Target: $76 Stop-Loss: $8 Disclaimer: This analysis is not financial advice. Always do your own research before making any investment decisions
Long
by rahimdris9155
ICP NEW UPDATEWith the passage of time, the correction structure is now better defined. After the triangle on the left, we have an ABC, which wave B is a diametric diamond. We are expected to move from supply to demand The continuation of the icp movement should be like this. We have specified the targets on the chart. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
ICPUSDT.1DBased on the provided market data for the ICP/USDT pair, the current price of ICP is 12.584 USDT. The Relative Strength Index (RSI) for 4 hours is 33.17, indicating a slightly bearish market as the value is below 50. The Moving Average Convergence Divergence (MACD) for 4 hours is -0.22, further confirming the bearish sentiment. However, on a daily scale, the RSI is 48.92, which is near the neutral 50 mark, suggesting an equilibrium between buying and selling pressures. The MACD for 1 day is 0.307, indicating a bullish signal as it's above zero. On a weekly scale, the RSI is quite high at 82.13, indicating an overbought market, which could mean a potential price correction in the near future. The MACD for 7 days is also high at 2.360, suggesting a strong bullish trend. In terms of support and resistance levels, the immediate support on a 4-hour scale is at 12.273 USDT and resistance is at 14.218 USDT. On a daily scale, the support is at 11.846 USDT and resistance is at 14.890 USDT. On a weekly scale, the support is at 8.900 USDT while resistance is at 16.800 USDT. In conclusion, while the short-term 4-hour indicators suggest a bearish trend, the daily indicators imply a balanced market, and the weekly indicators suggest a strong bullish trend. Therefore, it's essential to consider your investment horizon and risk tolerance before making any decisions. Always remember, all investments come with risks and it's crucial to do your own research.
by MarsSignals
🔥 ICP Next Bull-Run's BEST Comeback Trade: Short Squeeze?With BTC reaching above 50k, ICP confirmed a weekly bull-flag and has now made a higher-low above the Summer-2022 highs, confirming a long-term trend shift. In this analysis I want to talk about potentially the best trade that you can make in the coming bull-cycle. ICP could be making a massive comeback and go back to the ATH values of around 2500$. Think about it, with the power of social media and influencers, helped by relentless shorting, ICP could be entering some kind of short-squeeze scenario where massive gains can be realized in a short period of time. Be aware: this is a risky trade with a small chance of success. Still, the potential pay-off makes up for the potential loss. Happy to hear your thoughts 🙏
Long
by FieryTrading
40
ICP- My 22+ target should become in playAs you may recall from my previous posts, I hold a very bullish outlook on BINANCE:ICPUSDT and have elaborated on the reasons why. If the price manages to maintain itself above the $10 mark, the most probable scenario would involve a new upward movement towards the $20-22 resistance zone. Indeed, ICP reversed just below the $10 mark and began to establish higher lows in the weeks following the correction. As I mentioned in a post two days ago, CRYPTOCAP:TOTAL3 successfully broke (as anticipated) above $500B, providing confirmation for a new upward movement in altcoins. Technically speaking, in the case of ICP, we observe a clear support level at $10 and a sequence of three higher lows. Additionally, the price action in 2024 resembles that of a symmetrical triangle, a pattern that typically indicates an upward continuation. A break above the $13 zone would confirm the bullish scenario, with the target being the $20+ resistance zone. However, negation of this bullish outlook would occur with a break below the $11 zone. From a risk-to-reward perspective, such a trade could potentially offer more than a 1:4 risk-to-reward ratio.
Long
by Mihai_Iacob
2
ICP - can 1093% this year! Buy now.ICP looks really strong; the uptrend just started, and I am expecting another 1093% pump in the immediate short term. We can see that the price is moving in this ascending bullish parallel channel, and we have a lot of space for growth. From the Elliott Wave perspective, wave 1 ahs been completed, and wave 3 is usually the strongest wave. You do not want to miss this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.
Long
by Xanrox
7