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
ICPUSDT
ICP - Bottom is in!hello guys again!
as you see ICP reclaimed previous weekly low such a nice invalidation level
and it shows the bulls in control making first higher low since dark ages.
imo this going to 0.5 fib level which is around 30$ level.
could have a run like Aptos
SPOT is great here
however, if you want to long it use a low leverage with SL as mentioned.
good luck.
ICP long Term Key Major ResistanceWhen ICP launched I saw the thing basically get flushed down the toilet. I was it at some point up in the TOP 10 for a while and I couldnt believe it. Where did that thing come from? |What is that?? Ever since then I kept an eye on it and everything tells me this is one of the must hold for the new cycle. There is almost NO resistance on the way up so we might get a SHARP spike up to the golden pocket before we hit any type of accumulation.
ICP Looking for 9-10 $ICP has inverted H&S formation in weekly chart and it aims for 9-10$.
As we can see it tried the Minor support several times and got a good response so far.
If it can exceed the minor resistance, then we can expect the price will grow up to 9-10$.
Let's hope this coin can perform well in the Bull market.
This is not a financial advice. It is just a trial. You can check my previous analysis from the links below.
ICPUSDT Massive Bullish WaveMajor trend reversal is confirmed on weekly chart,
Also, BTC pair is currently on a very strong support level.
Entry1: Market price
Entry 2 and Entry 3 are marked on chart,
Please follow Fix lost role on this trade as we have a long way to go.
My first TP is based on LEG2 of weekly chart.
Dont forget to take profit out while you are enjoying this trade with me.
✴️ 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 $4.400, any trading above this level and we expect a higher high to happen reaching 12.4 or higher as the next peak.
Yes, bullish!
Namaste.
My fate WAS this chartThe analysis is an in depth look into this chart, i didn't play with fibs on binance chart so the tp of c could be different and i prefer the lowest one on this chart
The recent rise is not impulsive so it is corrective and it is a flat inside a bigger zig zag which probably is not going to even retrace more than 23.6 of the A which means this zig zag is a super star among race of zig zags in the crypto jungle
I personally prefer the lowest tp because a Pythagoras level has a meaning
I am depressed cause i bought this and i was hodling this and i was dreaming about this... my hands were shaking and i really need time to think of me being such a person you feel me?!
Anyhow let's short the crisis on ~11.566
Patience is virtue of kings
ICP what is next?ICP broke the support that I implemented on my previous analysis due to the FUD about Banks and stuff, so it went down to the stronger minor support (4.40-4.60$).
The direction of the market is still uncertain. Therefore, I would like to show two possible scenario in here.
First, ICP can bounce back from this minor support. If it does, I strongly beleive that it will go up to 9-9.80$.
If the support doesn't hold, then our strong support is at 3.50$.
This is not a financial advice. It is just for fun.
ICP is forming an inverse H&S pattern. 110% profit on spot.Today we will review the cryptocurrency ICP. On the daily and weekly timeframe, an inverse technical analysis pattern head and shoulders is forming. After breaking the neckline, I expect an upward movement to the next resistance zone around $15. The net profit on the spot purchase will be about 110%. Buying after breaking the neckline.
This is not a financial recommendation, everything you do, you do at your own risk.