ICPUSDT DOUBLE BOTTOM PATTERNICP ontinues to follow the trend pattern analysed for over some weeks ago. Chart indicates a clear pattern on breakout and a trend reversal playing out. Price broke down to retest and forms a double bottom pattern for a reversal to the previous highs.
All info have been provided on chart, target lines indicates resistance zones. Observe well before taking position.
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Icpusdtanalysis
ICPUSDT Descending Triangle Bullish Break | 40% Move AheadICPUSDT Descending Triangle Bullish Break | 40% Move Ahead
Analysis for Educational Purpose.
NOTE: Do your own analysis. Do proper risk and money management. Spot trading only.
Entry: 42.43
TP: 59.51 | +40% Profit
SL: 38.17 | 10% Loss
NOTE: Calculate position size accordingly as per your own experience. Do not overtrade.
ICPUSDT V2.Icp is at the verge of breaking out, as explained on my last post on icp. You are advised to watch out for breakout at the resistance zone($34.2 - $35.3) with a valid retest before opting in for a long position. Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
ICPUSDT V.1Icpusdt is following a descending triangle and could possibly end up in a bullish descending channel if icp breaks down.At the moment, Icp is trading under a resistance zone and taking a long position after breakout to 35.4 is a perfect entry. All other details have been listed on chart. Your likes and comments would be much appreciated, you can follow up for more helpful contents.
ICP at support zone and Falling wedge breakout comingICP analysis:
ICP is now trading at the support zone. ICP also forming a falling wedge which is a bullish pattern if breaks in the upward direction. If ICP breaks the support zone of $35.2-$36.3 the next local support area is $33 and major support is $28.1-$29.8 area. ICP needs to break and hold above $40 to turn bullish. ICP airdrop tokens unlock every month and this is the possible reason of the dump.
ICPUSDT Shot We can clearly see Head and shoulder pattern on 1h chart, and the head is around 20% long which give us to our target 20% if break + fib is indicating 16% target so it's better if the pattern break (with huge vol) we can take 1st profit 0n 15 % and then see the the volume and take second profit.
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internet ComputerBig Project here :
What is the Internet Computer (ICP)?
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters.
To make it simple this project is a Decentralised concurent of Microsoft Azure and Google Cloud but in decentralised Version.
Market cap is 6.5 Billions so it's already a big project, can buy it on Binance or Coinbase.
This coin dropped a lot as it seems early investors took some profits.
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Trading Parts :
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Buy Zone 52$ ish ( a bit ) ( wait for break EMA50)
Rebuy Zone 27$ ( Full Buy )
TP1 : 79.5$
TP2 : 129.5$
TP3 : 198$
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Happy Tr4Ding !
ICP 6h Got a bottom and growth to $130 or down again by $10?Although The Internet Computer was founded in 2016, life was started in late 2020 with the launch of the alpha mainnet.
On May 10, 2021, a global decentralized Internet computer with open source was launched.
Each ICP service token holder can control the global Internet computer.
This coincidence of news and action helped the price of ICPUSDT soar to $600, but since then the price has been falling non-stop for 1.5 months.
And yesterday, on June 27, huge volumes appeared on the chart, which can theoretically be regarded as a signal that the bottom has been groped.
If this is the case, then buyers should not be allowed the ICPUSD price to drop below $30-34 in the coming days.
Confirmation of the strength of buyers can provoke further growth in the price of ICPUSDT to the zone of $110-130
A price decrease below $28-30 may provoke a continued fall in the value of the ICP token in search of a bottom, and the next level for a rebound may be $10-11
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