ICPUSDTICP ~ 1W
#ICP If you still have Conviction on this coin. Buy on this support block. this is a very good place to start buying back,. with a minimum target of 20%++
Icpusdtanalys
ICP → Ascending Triangle Breakout! Take Advantage of This Long.Internet Computer Token is knocking on the gates of resistance in a bullish ascending triangle pattern! It seems inevitable that the price will reach higher highs, but do we have enough data to enter a long now?
How do we trade this?
We have these key bullish data points; the macro trend, ascending triangle pattern, RSI above the Moving Average, and Bitcoin as a leading indicator reaching new highs. It may seem like longing now is a great idea, but it's risky for one very important reason; we're at resistance. There isn't enough room for reward against our risk, which is at least just below the 30EMA ribbon.
Confirmation of a breakout is necessary in this analysis. Once the price breaks out and tests prior resistance as support, it's reasonable to long. Place your protective stop just below the top of the triangle or EMA ribbons and your take profit just before the next resistance zone.
Since we're at resistance, be prepared for the market to reverse and trade accordingly!
Trade Idea
Long Entry : $5.20
Stop Loss: $4.24
Take Profit: $6.60
Risk/Reward Ratio: 1:2.5
Key Takeaways
1. Ascending Triangle, Bias to Long!
2. Macro Trend is Bullish
3. Wait for Resistance to Break before longing.
4. RSI at 60.00 and above Moving Average, Supports Long.
5. After breaking Resistance, Long after test of Support.
You are solely responsible for your trades, trade at your own risk!
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ICPUSDTA little counter trend trade on ICPUSDT, I call this setup *No man's land* cause it always plays out well. Am expecting a drop.
ICP/USDT DAILY TF UPDATE
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Welcome to this ICP/USDT TRADE setup. ICP looks great here.
Breaking out from the falling wedge in the daily time frame. It also breaks 21ma.
Also, making a big bullish divergence in the daily time frame. Buy some now and add more in dips.
Entry range:- $16.4-$17.4
Target1:- $20.2
Target2:- $23.6
Target3:- $27.4
Target4:- $30.2
SL:- $15
Use low leverage (2x-4x)
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
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Thank you
ICPUSDt analysHello friends.
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Everything on the chart.
Cup and hundle pattern.
open pos: market
target: 90 and 100
after first target reached move ur stop to breakeven
stop: ~58 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
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