ICPUSD
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.
ICP: Preparing for Blast Off?After a massive falling wedge from Sept. 6 - 29, ICP has broken out with local support around $40.
If the current trend line holds, then $50 would be the next local fib target. If the trend line breaks down, this idea is invalidated.
Not financial advice. These are just my ideas and opinions.
ICP - Could be gearing up for 11+ bil MCICP could be gearing up to hit around a $11.5 billion market cap - which would be my 1st target on a long position. This is taken from the bottom of the trend line of the initial trend, which started it's push from the double bottom @ $3.8 bil MC. If there are a couple of decisive closings above $11.5 billion within the next few days, it wouldn't be impossible if it reached for the original trend line's top - just shy of $30 billion.
Invalidation of this would be if it were to decisively spit out of the current pattern, hitting approximately $6 billion in MC.
Best of luck, and trade responsibly.
ICP accumulations about to end Hi All,
Internet computer protocol (ICP) has broken the down trend and weave 2 seems to have ended. I believe this coin will lead during the second phase of the bull market as its Ecosystem is expending and use case.
The Internet Computer will add smart contracts to Bitcoin through an application of Chain Key cryptography that will directly integrate the networks. Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin.
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ICP - is going to breakout this resistance 😲🚀On the ICP chart, we see a trend line that is now acting as resistance. The price will go up if it breaks this resistance.
The best scenario would be if the price goes back down to $39.5 and then breaks the trend line. In that case, there will be a good entry point after the breakout.
There is also a good buying opportunity if the price squeezes near the trend line and breaks through it.
Write in the comments all your questions and instruments analysis of which you want to see.
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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/USD - Another rally in the making? $100 possible! 🚀ICP seems to be in the early stages for a nice pump that can double its price.
As you can see on the chart we completed a second double bottom and if history is of any indication, we should soon expect a pump.
We have a first resistance at $55, but I don't think that can hold the price from exploring higher levels. The better target is around $100 or the 23% Fib level.
Therefore, good to consider a position before the rally starts and be patient. Support has so far held well.
What do you think about this coin? It corrected over 90% after launch when ICP was over $400. Seems we could get a nice bounce towards $100, at least. The indicators are also primed, including on the BTC pair.
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ICP - is going to breakout this trendline 😲🚀ICP - preparing to break the local trend line.
Good buying opportunity after breaking or retesting the trend line as support.
But there are a lot of traps in the market right now, so be prepared for a false breakout.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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 Potential Double BottomICPUSDT has formed a double bottom pattern, which could indicate a continued uptrend. In the past, this pattern has played out well for this coin and I think the chances of it working again are solid. If we bounce here, on the larger picture, it would mean a higher low and potentially a new emerging uptrend for $ICP. Good Luck!
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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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