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ICPUSD

ICP - Reversal Wedge Breakout ✅ICP had been in a wedge for the better part of 6months and we are finally seeing a bullish breakout. As mentioned before in previous posts, wave E can sometimes fall short - which we got here for ICP. Wave E fell short but we created a double bottom pattern before the breakout which is a good bullish indicator for reversal. Trade Idea: - Look for lower timeframe pullbacks and enter - Put stops below the lows - Targets: 37, 57, 100, 150, actively manage the rest. ICP has the potential to go much higher. Buying it at the lows here would be great for a long term investment. Goodluck!
by WicktatorFX
6
ICP/USDT : On the verge of breakout BINANCE:ICPUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! $ICP is on the verge of breakout on the channel's high. Currently it's moving into a descending channel and after the break-out, It'll be able to climb up to the higher S/R $38.2 ! - But it's better to wait for a proper hold above $24.3 to take Long on it. - Be aware that we have the possibility of reversal on $BTC at $49500's resistance. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
9
ICP Massive falling wedgeICP has formed a massive falling wedge on the HTF with lots of bullish divergence building up since August on 3D chart. Price completed a 5 wave corrective series with smaller sell side pressure in each wave. A new higher high has just been formed the daily with nice buy side candle on the weekly chart when the candle closes tonight. Signs of a reversal are forming and think its a good DCA buy here. Would like to see a HL be formed and take out the first level of supply for a continuation to the upside
Long
by marshyyy
ICP reversal SignsLooking at that the RSI, it made a higher low and the candles made a lower low. The RSI is showing a bullish divergence. Also the price has been falling into a wedge, meaning its running out of sell pressure. The monthly support is at 20$ acting as a resistance right now. i can see that giving and hitting $35 as the next stop. have to see the pattern payout once we're at $35. over all outlook. i can see a reverse head and shoulder playing out to $80. This will take sometime to unfold
COINBASE:ICPUSDLong
by KidCrypto514
1
ICPUSDT, We are accessing to trendlineGood Night everybody According to the chart and last analysis as you can see the price is moving in downward trend and in last analysis our 2nd target reached and then the price continue their downward trend and now the price need to recover the last wave and until the price is not break up and consolidate above of key point level the trend is downward and we expect the price can go up and reach to the trendline resistance zone and can drop from there to the target . We will update the target as soon as possible and after impact to the trendline. Dont forget use stop loss and observe capital management. Previous analysis : If you have any question and any help, you can send us messages Good Luck Abtin
Short
by Abtin00
Falling wedge patternAs I always harp on about, you should have a very distinct idea of where your stop loss will be placed when you trade any position, and wedges are no exception. One of the most common areas to place your stop loss when trading wedge patterns is just above or below the retracement immediately prior to the breakout. This is the point at which the market has proven your setup invalid. The below image illustrates a common area where traders tend to place their stops.
Long
by Crypt0_Ninja
1
ICP shortTotal Market: - Falling back during consolidation, expecting another retest of support Daily: - Broke below daily support 4H: - broke below support, retested and turned resistance, got rejected @ 20 EMA & formed a bearish engulfing candle close. Current 4H candle currently rejecting higher with wick 1H: - Had Bearish engulfing breaking out of short term uptrend line Trade Management: - Plan on adding to position upon breakout of low / 1.0 fib extension level Stop loss: 18.81 - Inside of strong previous support, above local high Take profit: 13.44 - 1.618 fib extension level (all time low so dont have price to the left to use as a potential target point)
Short
by CMSTrading