ICPUSDT
Internet Computer #ICP updateWhat is the Internet Computer and ICP?
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.
Bottom of the ascending channelThe ICP support ranges are considered at $4.5 and $4.9, which can have a positive reaction. We expect the continuation of the upward trend from the desired support range. This week, if the bottom of the ascending channel is broken, the main wave could end, and a correction could begin.
ICP: Approaching ResistanceThe Internet Computer (ICP) technical analysis:
Trade setup : Bullish breakout from consolidating in a Sideways Channel ($3.50-$5.00). It’s now approaching 200-day moving average (resistance) around $6 and it’s overbought (RSI ~ 70), so it’s likely to get rejected here and pull back some near-term. Wait for price to either 1) break above $6 to resume uptrend with upside potential to $7.50, or 2) pull back near $5 support for a swing entry.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $5.00 (previous resistance), then $3.50. The nearest Resistance Zone is $6.00, then $7.50.
ICPUSDT go to 8$Hello.
Now we can see how the price is shrinking, preparing for a shot. While bitcoin has grown well relative to fibonacci levels, the rest of the moments after a strong pump have not yet recovered. Therefore, looking at the ascending triangle pattern, I assume that soon we will see an explosion from ICP to at least 8 bucks, but if we fall below the triangle, we go for a correction.
BTC dominance...ICPWhile bitcoin dominates the market it pulls the strings to an extent as we all know. So until BTC Dominance drops and altcoin season begins we have to monitor BTC. So the previous idea stands but as we can see last time BTC was trending sideways we trended along the widdle line on the chart so ICP probably wont break 5.80 until BTC hits 23k again
Internet Computer #icp updateIcp is available on Kucoin
What is Internet Computer?
The Internet Computer is the world’s first blockchain that runs at web speed with unlimited capacity — a blockchain computer that scales smart contract computation and data, processes and stores data efficiently, and gives developers powerful software frameworks. It enables the complete reimagination of how services operate online.
ICP crosses above the 200MA for the first time everInterestingly enough ICP has just crossed above the 200d MA for the first time in history. Could be the beginning of a breakout towards the $14 area. Be careful of a rejection here though, as it could get bloody very quickly. Either way, definitely worth keeping an eye on.
ICP - Bear Time Pump
Same idea as AVAX.
IF - big if - the price retraces the recent FTX dump and closes above $4.6 (June lows), then I can see it squeeze up to the two areas highlighted in red. I plan on buying where the red arrow points.
If the price closes back below $4.6 after rising and closing above it, then this prediction is invalidated. What I mean is that my prediction holds only if the coin finds support above $4.6
Can this candle bring the life to ICP again ? ICP / USDT
ICP kept dropping slowly and steadily for months
As you can see in chart ; Price was trading inside this falling wedge for almost 600 days ! Finally it made a breakout by a weekly candle
From my point view this is the last chance for this coin to get to life again .. if current support failed i wont histate to call it a scam project
So trade wisely
ICP - Next leg down targetI am expecting the stock market to crash in the coming months and it will drag crypto with it. Without proper regulation nothing has really changed in the crypto industry. Even though value is being created, at the time of speaking it cannot be used on a wide scale. Therefore I do not see a bullmarket based on fundamentals until then.
ICP/USD 12H Targets — January 8th, 2023Looking at the 12-hour chart of Internet Computer, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ICP is still in its manipulation zone and gearing to breakout to $4.60 and beyond.
This move will play out to TP1, TP2 & TP3 marked:
🎯 $4.60
🎯 $4.99
🎯 $5.59
Internet Computer trade is invalidated with a candle close below $3.95 as we would look to reposition this play.
As always please do your own research, I am not a financial advisor.