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ICP

ICPUSDT.4HBased on the provided market data, the Internet Computer (ICP) cryptocurrency is currently trading at a price of $13.200 against USDT. The relative strength index (RSI), which indicates whether a cryptocurrency is overbought or oversold, is at 60.68 for 4-hour trading, 60.88 for 1-day trading, and 72.49 for 7-day trading. These values suggest that ICP is neither overbought nor oversold, but it is closer to being overbought on the 7-day chart. The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, is positive across the 4-hour, 1-day, and 7-day charts. This is a bullish signal that suggests the momentum is with the buyers. The Bollinger Bands (BB), which measure volatility and provide relative definitions of high and low prices, are at 13.795 for 4-hour trading, 13.798 for 1-day trading, and 14.875 for 7-day trading. The current price is below the middle band in all three cases, indicating that ICP is trading in the lower range of its price. The support levels are at 12.651, 11.190, and 10.451 for 4-hour trading, 11.889, 10.364, and 9.602 for 1-day trading, and 11.228, 9.538, and 8.552 for 7-day trading. These are the levels at which the price is likely to bounce back if it falls. The resistance levels are at 13.992, 14.366, and 15.510 for 4-hour trading, 14.430, 15.500, and 16.460 for 1-day trading, and 14.277, 16.550, and 20.920 for 7-day trading. These are the levels that the price must break through to continue its upward movement. In my opinion, ICP is showing bullish signals with its positive MACD and RSI that is leaning towards overbought. However, it's trading in the lower range of its price, and there are resistance levels to overcome for further upward movement. Therefore, investors should watch these indicators and levels closely and consider their risk tolerance and investment goals before making a decision.
by MarsSignals
ICP/USDT Nearing a Critical Supply Zone Boom or Not?🚀ICP💎 Paradisers, gear up as we spot a thrilling chance with #ICPUSDT, which is on the verge of challenging a significant supply zone. 💎 Observing #InternetComputer trajectory, it's been painting the chart with strong green candles, aiming to shatter the supply zone at $14.049. Here's a crucial point: if the price honors the supply at $14.09, we might see a retreat to the lower demand at $12.013. However, should CRYPTOCAP:ICP disregard this supply ceiling at $14.049, an ascent could be on the cards. 💎 Wondering about the savvy trader's playbook? Vigilance is key, especially with potential price action traps lurking. Remember there's also a chance for a bullish bounce from the demand zone, should our initial read not pan out, with a dip below $12.013 hinting at further declines.
Long
by MyCryptoParadise_Simon
ICP inefficiency about to be fillICP is the trade that caught our attention today... After a long consolidation below we see good movement to the upside but unfortunately ICP facing huge resistance on 4hrs and 1hr TF.... When ICP pumped previously we cool see a CHoCH in 4hrs and 1hr TF to the downside with an inefficiency left behind...I'm expecting ICP to fill the inefficiency today and mitigate the unmitigated bearish OB on 1hr TF.... Be patient for the entry and manage your risk Follow for more market update and trade setup
Short
by MICHELXM
ICP- I expect a new leg upIn my previous ICP post, I presented a potential trading plan for this coin. I stated that a break above 14 would indicate that the correction was over. Conversely, if we experienced a break of the symmetrical triangle to the downside, ICP/USDT could drop to 10, presenting a great buying opportunity. The coin followed the latter scenario. As observed from the chart, it reversed precisely from the indicated support zone and reached a local high at 13. Now, ICP/USDT is undergoing a correction of this initial upward movement, potentially providing a new opportunity to enter long positions. In conclusion, my preference is to buy dips around 11.50-11.70, with a target in the recent high zone around 16 and negation occurring under 10. Looking at the longer term, as explained in my previous posts, my target is the 20-22 zone.
Long
by Mihai_Iacob
ICP's Potential Disruption in the Cloud Market:Get ready for a shake-up! ICP, a blockchain technology, offers unique features that could disrupt the cloud market: Sovereign Chains: Each application enjoys its own secure chain, boosting privacy and control. Data Ownership: Users control their data, attracting privacy-conscious organizations. Community Governance: Open and transparent governance fosters trust and participation. Scalability: Sharding architecture avoids performance bottlenecks. Dynamic Scaling: Individual chains scale independently for flexibility. New Use Cases: Powerful dApps like data marketplaces and secure collaboration platforms emerge. Interoperability: Open-source nature attracts developers building cross-chain solutions. ICP is poised to challenge the status quo. Vitalik's thoughts www.youtube.com Disclaimer: This information is for general informational purposes only and should not be construed as financial advice.
COINBASE:ICPUSDLong
by sirnur
4
ICP sell/short setupA large degree triangle is finished. A pattern of the same degree as this triangle is expected to form. That means we will see correction both in time and price. We are looking for sell/short transactions in the SUPPLY range. The targets are marked on the chart. Closing a daily candle above the red range will violate the analysis 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
Short
by behdark
4
ICP/USDT Breakout the Bullish Pennant pattern. Bullish Momentum?💎 ICP has experienced significant developments in the market. Currently, ICP has broken out of the Bullish pennant pattern, which is a bullish continuation pattern. 💎 Additionally, the chart has broken through the supply area and is now transitioning to the demand zone. If this scenario plays out as expected, it is probability that ICP will continue its upward movement and aim to reach our target in the bearish OB area. 💎 However, if ICP fails to maintain its position above the demand zone and breaks down below it, there is potential for the price to return to the support area to build new upward momentum. 💎 The support area is a critical zone, and it requires a bounce to prevent the price from heading to the Bullish OB area or potentially moving even lower.
by MyCryptoParadise
ICP- A trading planAs you may be aware, my confidence in ICP remains strong, and I anticipate a price surge towards the resistance zone of 20-22 in the near term. Since there is a daily inquiry about it, I've put together a trading plan that might offer some guidance. Upon a closer look, it is evident that the current trend is upward. However, up trends (or down trends), are not linear... Following the high at 16, the coin initiated a correction and has been consolidating its gains. The recent consolidation is forming a symmetrical triangle, which is typically a continuation pattern. Keeping this in mind, let's explore potential scenarios: If there is a break above the triangle's resistance, we could interpret the correction as concluded and consider entering the market with the previously mentioned target. Conversely, if the triangle is broken to the downside, we should seek buying opportunities near the robust support level around 10. Combining the two scenarios: a. In the event of an upward break that turns out to be false, causing the coin to decline again, we can consider doubling our trade around 10. b. If there is a downward break, we initiate a buy near 10 and double our position when the price rebounds above 12. As for the less favorable scenario, if ICP drops below 10, we may incur losses. Therefore, it is crucial to trade with funds that you can afford to lose. That concludes the current analysis on ICP for now. I will provide updates if there are significant developments, especially in the case of a breakout. Best Of luck! Mihai Iacob
Long
by Mihai_Iacob
5
ICP will continue in the parabolic trend, time to buy?ICP looks really strong; the uptrend just started, and I am expecting another 300% 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 3 is in progress, 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
3
ICP- Next leg up above 20usd mark?As you may have observed, I am optimistic about BINANCE:ICPUSD for numerous fundamental reasons. However, in this post, we will specifically delve into the technical aspects. As elucidated in my previous analyses, the breakout above the resistance of the falling wedge has the potential to signify a change in trend, and indeed, it has. The recent peak at 16 was succeeded by a correction. The reversal, occurring just above 10 and characterized by a robust bullish engulfing, may indicate the conclusion of this correction. As of now, the price is trading precisely in the middle of the recent range at 13, and it is likely that a new upward movement will ensue. My target for this upward movement is the 22 resistance level, and considering a stop loss set below 10, a risk-to-reward ratio of more than 1:2 could be attained. In summary, in my perspective, traders ought to consider buying during market dips. Best of luck! Mihai Iacob
BINANCE:ICPUSDLong
by Mihai_Iacob
10