ICP - Under the Strong ResistanceHello everyone , today i'm gonna check the ICP chart and as i see icp Under the Major resistance , so actually there is two senario here , if breakout incoming we can expect to see 55$ but if not double top pattern Reject ICP to 28$ , so just wait to breakout or you can sell here if double top confirm , so if you want to go buy do not trade in this area , hope you have a good day
NOT FINANCIAL ADVICE
ICPUSDT
ICP is The King of the Web 3.0If the 2022 will be the year of the Web 3.0, ICP will be the star of this year. Looks like it broke its falling trendline and finished its retest on daily frame. SuperTrend also gave buy signal on daily frame so I believe its time to go UP!
This is my trial. Not a financial advice.
ICPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We have the R1 line which the price broke and it gave us good profits. There are two scenarios for the price: 1) it will go up and break the R2 resistance and go all the way up to around $48. 2) it will be rejected from the R2 line and will fall back to the S1 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Of all the crapcoins, this one is worth keeping an eye onInternet Computer Protocol is a blockchain that works with existing internet infrastructure; in a way that existing internet companies can make up their own coins. It's also a Proof of Stake so no mining. It may be the answer to ETH.
Notice increasing volume and price...
Update For ICP/USDT Analysis 📈📉📈📉 As you can see on the weekly and Daily timeframe for the pair of ICP and usdt , It has grown well in recent weeks and has been able to grow by more than 30%. And as you can see, the logarithmic diagram gives a slightly different view with the linear one, and in the linear diagrams, it has been able to break the downward trend line (white) in the daily time frame and become a dynamic support.
But in the logarithmic chart we see another downtrend that is now a resistance and if it can break it again I expect more growth.
And as always guys , keep it in mind , all the market follows BTC movment and react it .
❌resistance zone: $42-45, $70-75
♻️support zone: $22-24
--------------------------------------------------------------------------------------------------------------------
tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
🙏with Best Regards
ICP setting up nicely on the daily chartSimple analysis on ICP pair based off previous ATH, using trend lines and resistance.
Possible strategy for entry and exit points shown below:
Entry - 31.59
SL - 27.80
TP1 - 34.03
TP2 - 38.02
TP3 - 50.98
TP4 - 57.24
Personally I will be taking profits along the way, but holding it until the end. Good luck!