ICP – this breakout will double the price!Hello, everyone!
Let’s take a look at the Internet Computer (ICP). It has a huge post-listing price drop and now it looks like the accumulation. According to Fibonacci retracement analysis for the last impulse move to the upside we can conclude that the price is in the Buy Zone. If the daily candle close below 0.78 Fib ($40) the bullish scenario is cancelled.
If the price will break through to the upside from the current Buy Zone and Trendline Resistance the potential growth could be to the Fibonacci extension levels 1 and 1.61 ($98-$136). Another one evidence for the further growth is the Bullish Divergence with the Awesome Oscillator. This is the strongest signal in TA.
We can buy now with the short stop loss below $40 or waiting for breakout confirmation to execute the long trade.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
ICPUSD
✴️ ICP (Update) - We may see a fallICP faced a lot of sell pressure and could not break the resistance zone of $47.36 - $49.0. Also, the uptrend is not broken yet. The probability is increasing that we may see a fall in ICP around $42.0 and quite below. Condition is the same for bullish continuation; the price must break and close above the resistance zone.
ICP - strong accumulation 😲🚀🌖The chart shows that ICP is locally and globally in accumulation. Also, a trend line has been formed on the chart and the price is moving towards it little by little. If the price breaks this trend line, it is very likely that there will be a strong impulsive rise to the upper boundary of the accumulation zone.
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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 BULLISH CURVE IS NOW Bullish curve is happening and we expect 50% to 80% price increase, news look good, buying flow is increasing and ICP market has a well confidence level at this price.
Our option for #ICP is BUY IT.
Please do your research before any trade or any investment, make your own decision, be patient and look long term wisely.
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Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
ICPUSDT Trading idea for investors. (work with complex%)A brief overview
channel work, compound percentage, retention levels, and volume.
It is worth noting that the squeaks down became more frequent. Which speaks of knocking coins out of weak hands.
On an illiquid exchange - anomalous volume.
(analog of a shiba inu coin)
Work in a descending triangle with level retention. Open positions on the breakdown of one of the borders.
There is an option to work by pyramiding and also in the second level (if the price goes down) to work from the $ 24.5 zone
BUY when they say scam, sell - when they say "cool project"
The work of a large player on a pair of ICP / BTC (accumulation channel) is visible
For those who do not know how to trade this pair, please do not enter, trade only in USDT as it is stablecoin (not volatile)
ICP ready?ICP has just broken out the falling wedge. Bullish price pattern. It may retest the support trendline, but I expect an acceleration upwards.BB is shrinking, suggesting high volatility ahead. It just previously completed the primary trend wave 1, wave 2 was completed with the touch of 0.618 fib retracement target: first target 78, second target 130, Final target 262. I will, however, sell most of it at 175, just in case, it is a wave C, considering the previous downtrend.