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ICPUSD

ICP and its 20% pump tonight. What's next?Hello, dear TradingView members. This idea is an ICP analysis. Tonight ICPUSDT made a 20% pump. Before we FOMO and buy or sell, let's see what possible scenarios. Scenario one: A break-out: If that bullish candle closes above this area, it can later perform a pullback and make it a breakout confirmation. Scenario two: A fake-out: The price might go even higher but then lose strength after hitting one or two resistance levels and fall back to the previous support area. The Bollinger Bands are opening and making a wide channel, and the price is pushing higher than the upper band. Now, this mostly shows overbought signals, which aren't healthy. This might cause weakness in future hours. RSI is also above 75, which shows overbought signals. The Speedometer indicator shows Buy volumes on the market for Bitcoin on a 1D interval. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
13
ICP ICPUSDT UPDATEDAs you see the cup is going to complete with the moment moves by chart Btc is ranging in a FLAG , i bet all the traders are ready to catch the ALTS Maybe Long Maybe short I can say this market is like a door The Longs and Shorts behind the door Longs can open the door and beat the shorts When they have some GIANTS(like gray skale or the mask lol) . I think after the btc ranging and breaking the flag from the roof , we can enter to ICP This is an idea guys just keep out and enter with 3% asset 8.1 ta 8.5 enter Good luck
Long
by Ashkey
3
ICP, What Next? ICP has had a dismal debut in the crypto markets. A listing dump, a long downtrend, and a dwindling market cap; ICP now sits roughly 98% below value of Coinbase listing. Internet Computer is a Web 3.0 blockchain project that has a lot of potential. I believe positive news and a growing user base is coming. It's only a matter of time. It is the world's first blockchain that runs at web speed with unbounded capacity. ICP is ranked #37 on CMC with a market cap of 4.3B at the time of writing. I am following price action to determine if a bottom and accumulation will be formed and a new uptrend born. Recently, I am happy to see no massive moves have been made as other cryptos have experienced sharp bounces from recent lows. Slow and steady will form the foundation for a lasting rise. IF ICP can make it back into the top 10 cryptos it has potential to offer 10x+ gains from current prices. --For example ADA has a market cap currently of 38.4B, ranking #7 ahead of SOL with a market cap of 34B. (BNB and ETH 70B and 365B respectively.) Compare to ICP current 4B market cap I'm sure you can see the potential. I have begun to make some small purchases with the intent of a long hold. ATL currently $18.11 - It is yet to be seen if we have found the bottom. Thank You for reading my post. No Guarantees DYOR Trade Safe, Trade Happy
COINBASE:ICPUSD
by ChiliFingerz
2
Long for ICP after a long compressionSince the initial public launch, This coin has gone through severe compression. As you can see in the chart, the Price action had shaped a wedge from Jan 22 till March 22. Moreover, the price area of 14.5$ _ 15.5$ has proved to be an unfailing and trustworthy foundation. Plus if you consider the price chart with RSI simultaneously in Daily timeframe, you'll see a perfect Divergence. What made me more excited about this setup was another divergence of Price and RSI in WEEKLY timeframe. Although There are no certainty in financial markets analysis, which by the way this one is no exception, I find this coin and this setup highly rewardable and although I have defined the 14.5$ as the bottom line and SL price, but I would recommend to those who are tolerant and also thrilled with experiencing real risks (who will see tremendous Profits in their lives) to stick to their position and Add to it on 11$ and 6 $ and wait for it to get to 52$ and 70$.
Long
by Smarter8