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ICPUSDT

ICP: Resistance BreakoutThe Internet Computer (ICP) technical analysis: Trade setup : Price is an Uptrend. Price pulled back and bounced off of $5.00-5.25 support zone, which also lines up with 200-day moving average and long term support trendline. Now it re-broke above $6.25 resistance and could revisit $7.50 resistance next. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $5.00, then $3.50. The nearest Resistance Zone is $6.25, which it broke, then $7.50.
Long
by altFINS
ICP/USD 12H Price TargetsHey traders, Looking at ICP on the 12-hour time frame, we see the two local highs that were created and the question on everybody’s mind is can we go higher? Breaking down the TA, we look like we’ve retested our levels of support at $5.24 and can now move up / change in direction to the upside. We may fiddle around between the $5.24 - $5.59 zone for a bit before advancing towards $6.37, but we could also go straight there. Next targets after securing $6.37 as support would be the sweep around $7.2 marked in orange, and then $9.43. There really isn’t much sell orders on the books and that’s something to factor into your trade as well. I belive this previous move was just a teaser for the real move up, and the zone of accumulation that we’re in was from $4.88 - $5.59. Everything in between and out of that range was deviation from the accumulation zone. We may just pump to $9.43 on this next wick up, however, we need some sort of momentum to carry the price 100%. ckBTC integration was great, shot the price up tremendously, and we need the same kind of hype with ckEthereum as well as more BTC locked on the ICP chain, garnering momentum from all angles to support the squeeze in price. It’s going to happen one of these days, Cycles are used by developers (a necessary resource) to keep their canisters alive and is native to the ICP chain, tied to the SDR (Special Drawing Rights) currency. Remember to take profits on the way up. As always please do your own research, this is not financial advice.
Long
by kyer
ICP/USDTThe Internet Control Protocol (ICP) is a protocol used to facilitate communication between Internet nodes. It operates at the network layer of the OSI model and is responsible for routing data packets across networks. The ICP is an important component of the Internet, as it enables the efficient transmission of data and helps to ensure that information is delivered to its intended destination. One of the most promising applications of the Internet is blockchain technology. Blockchain is a distributed ledger that allows users to securely and transparently record transactions. By using the Internet as a backbone, blockchain can offer a range of benefits, including improved security, increased transparency, and greater efficiency. One of the primary benefits of using the Internet for blockchain is improved security. By utilizing a decentralized network of nodes, blockchain can eliminate the risk of a single point of failure. This means that even if one node is compromised, the rest of the network can continue to operate securely. Another benefit of using the Internet for blockchain is increased transparency. Because all transactions are recorded on a distributed ledger, it is easy to track the flow of funds and ensure that all parties are operating fairly. This increased transparency can help to prevent fraud and corruption, and can ultimately lead to greater trust in online transactions. Finally, using the Internet for blockchain can result in greater efficiency. By automating many of the processes involved in transactions, blockchain can eliminate the need for intermediaries and reduce the time and cost associated with traditional payment systems. This increased efficiency can help to streamline online transactions and make them more accessible to a wider range of users. In conclusion, the Internet Control Protocol (ICP) plays an important role in enabling the efficient transmission of data across the Internet. When combined with blockchain technology, the benefits of the Internet are further amplified, resulting in improved security, increased transparency, and greater efficiency for online transactions.
Long
by SophiaAnderson
ICPUSDTHow do you do dear followers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ICPUSDT Here we have R3, R2, and R1 as resistance areas that demonstrate the price was not able to rise at different points. S1 used to be a resistance area. And finally, S2 is our long-term support area including the well support of price since the past. We have the fluctuation of price below S2 after not being supported but it could break this area upward and another rejection at R1, it fell down to S2 and finally it faced another rise toward our first resistance line. Therefore, we have the price fluctuating below R1 after being supported at S2 area and experiencing a great rise up to here. We expect it to continue its rise up to our stop-loss point and then see another decline in its trend by falling down to the first support area. By having some falling signs at R2, and via not being supported there, more decline is predicted for it to touch lower amounts. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a nice time
Short
by MarsSignals
12
ICP inverted head and shoulders patternICP looks mega bullish. Recently we posted trading idea where we explained that ICP has been in the range since summer 2022: In this publication we would like to present another reason why ICP is bullish. What we can see on the chart is a potential inverted head and shoulders pattern which is mega bullish. The right shoulder is in a development phase . Once it's done, and we get a breakout we should see a masive move. Technical target from this pattern would be around 12,70$. You can also take profit at 9,78$ which is the top of the range and final target from our previous idea. Overall ICP looks bullish and it should rise in the next days and weeks. We are buying ICP. What about you? kind regards
Long
by vf_investment
6
✴️ Internet Computer Update by RequestMy friends... I received so many messages about ICP, I get the feeling as if someone is knocking... "Tum, tum, tum... Hey, the update, DO IT!!!", so much insistence... But not even one of these was in the trade idea called "Name Your Altcoin", where I fulfilled all your requests... But anyway, here is the analysis/update as I like to be of service and help. The turning point for the Internet Computer (ICPUSDT) happened 19-December, one day before Jupiter stationed direct. Right after this date a very clear bullish wave starts to develop. We get green candles, volume starts to rise and new highs are reached. 19-February, 2 months later, ICPUSDT peaked ending the first wave with a total of 143%. It is normal to see a correction after a major move. The correction started the next day and bottomed 10-March, just like the rest of the Altcoins market. As the 10-March low was hit we see an initial bounce followed by consolidation and small higher lows. All this action is happening above 0.786 Fib. retracement level support, which is a bullish signal. Based on what this chart is saying, we should see a continuation of the initial bullish wave now that the correction is over. This is the chart setup. This setup can become invalid if prices move, close and stay below $4.400, any trading above this level and we expect a higher high to happen reaching 12.4 or higher as the next peak. Yes, bullish! Namaste.
Long
by AlanSantana
18