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Icpusdtanalysis

ICP/USDT Breakout the Bullish Pennant pattern. Bullish Momentum?💎 ICP has experienced significant developments in the market. Currently, ICP has broken out of the Bullish pennant pattern, which is a bullish continuation pattern. 💎 Additionally, the chart has broken through the supply area and is now transitioning to the demand zone. If this scenario plays out as expected, it is probability that ICP will continue its upward movement and aim to reach our target in the bearish OB area. 💎 However, if ICP fails to maintain its position above the demand zone and breaks down below it, there is potential for the price to return to the support area to build new upward momentum. 💎 The support area is a critical zone, and it requires a bounce to prevent the price from heading to the Bullish OB area or potentially moving even lower.
by MyCryptoParadise
ICP- A trading planAs you may be aware, my confidence in ICP remains strong, and I anticipate a price surge towards the resistance zone of 20-22 in the near term. Since there is a daily inquiry about it, I've put together a trading plan that might offer some guidance. Upon a closer look, it is evident that the current trend is upward. However, up trends (or down trends), are not linear... Following the high at 16, the coin initiated a correction and has been consolidating its gains. The recent consolidation is forming a symmetrical triangle, which is typically a continuation pattern. Keeping this in mind, let's explore potential scenarios: If there is a break above the triangle's resistance, we could interpret the correction as concluded and consider entering the market with the previously mentioned target. Conversely, if the triangle is broken to the downside, we should seek buying opportunities near the robust support level around 10. Combining the two scenarios: a. In the event of an upward break that turns out to be false, causing the coin to decline again, we can consider doubling our trade around 10. b. If there is a downward break, we initiate a buy near 10 and double our position when the price rebounds above 12. As for the less favorable scenario, if ICP drops below 10, we may incur losses. Therefore, it is crucial to trade with funds that you can afford to lose. That concludes the current analysis on ICP for now. I will provide updates if there are significant developments, especially in the case of a breakout. Best Of luck! Mihai Iacob
Long
by Mihai_Iacob
5
ICP Optimal Key Levels for 1900%+ Return CaptureDate: January 13, 2024 (Long term 700+ days Outlook) Key Levels and Analysis: ICP is currently trading near the support level of $12.871, which is crucial to hold for maintaining the bullish scenario. The chart shows a potential risk-reward setup based on pivot projections. The conditional probable boundaries suggest a tiered approach for upside targets, with the immediate resistance at $18.171 (Boundary 1), and subsequent resistance levels at $22.818 (Boundary 2), $30.380 (Boundary 3), and further significant levels beyond. Risk-Reward Projections: The optimistic projection of a 1900%+ return considers a trajectory from the current price towards the uppermost conditional probable boundary at $249.957. This boundary lies within a significant pivot extension and is considered an ambitious, long-term target. Risk management should focus on the immediate support levels. A breach below the near-term support at $5.686 could indicate a bearish reversal and serve as a trigger for stop-losses to protect against larger capital erosion. Z-Score Probability Indicator: The Z-Score is currently indicating a heightened level of deviation from the mean, suggesting that the price is in a highly volatile phase. This could imply that ICP is experiencing significant momentum that, if sustained, may lead to a continued uptrend. Optimal Entry Points and Strategy: Long Entries: Considering the potential for a high return, long positions could be considered around the key support levels, specifically if the price shows signs of bouncing from these points. Risk Management: Given the volatility indicated by the Z-Score, a conservative approach with strict stop-losses is recommended. This mitigates the risk while maintaining exposure to the upside potential. Furthermore interacting with the ICP Ecosystem and exploring a DeFi Delta Neutral Strategy can appealing to reduce downside longterm exposure. Conclusion: ICP's technical structure highlights the potential for substantial returns if the current support levels hold. Investors considering entry into ICP should monitor these key levels closely and align their risk appetite with the significant reward potential outlined by the pivot indicator projections. The market dynamics of the crypto space necessitate real-time analysis and adjustment to strategies as new information surfaces. This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence and consult with a financial advisor before making investment decisions.
Long
by meloneusk
ICP- Next leg up above 20usd mark?As you may have observed, I am optimistic about BINANCE:ICPUSD for numerous fundamental reasons. However, in this post, we will specifically delve into the technical aspects. As elucidated in my previous analyses, the breakout above the resistance of the falling wedge has the potential to signify a change in trend, and indeed, it has. The recent peak at 16 was succeeded by a correction. The reversal, occurring just above 10 and characterized by a robust bullish engulfing, may indicate the conclusion of this correction. As of now, the price is trading precisely in the middle of the recent range at 13, and it is likely that a new upward movement will ensue. My target for this upward movement is the 22 resistance level, and considering a stop loss set below 10, a risk-to-reward ratio of more than 1:2 could be attained. In summary, in my perspective, traders ought to consider buying during market dips. Best of luck! Mihai Iacob
BINANCE:ICPUSDLong
by Mihai_Iacob
10
ICPUSDT.4HBased on the provided market data for the ICP/USDT pair, the current price of ICP is $12.187. The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, is 41.2 for the 4-hour chart, 63.22 for the 1-day chart, and 91.34 for the 7-day chart. This suggests that ICP is neither overbought nor oversold in the short-term (4h), while it is approaching overbought conditions in the medium-term (1d), and is significantly overbought in the long-term (7d). The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, is negative for the 4-hour chart (-0.271) suggesting a bearish signal, but positive for the 1-day (1.772) and 7-day (1.644) charts suggesting bullish signals. The Bollinger Bands (BB), a volatility indicator, for 4-hour, 1-day, and 7-day charts are -0.325, 14.945, and 12.298 respectively, suggesting a downward trend in the short-term, but upward trends in the medium and long-term. The support levels, which are the levels at which the price seldom falls below, are decreasing as we move from short to long-term charts, indicating a bearish trend. The resistance levels, which are the levels the price seldom surpasses, are increasing as we move from short to long-term charts, indicating a bullish trend. In conclusion, the ICP/USDT pair seems to be bearish in the short-term but bullish in the medium and long-term. The 7-day RSI suggests that ICP may be overbought and could be due for a price correction. However, these are just technical indicators, and other factors such as market news and overall market sentiment should also be considered. Always perform your own research before making any investment decisions.
by MarsSignals
ICP Detailed ChartAs mentioned before, ICP coin broke out from $3.50 and reached the range of $9-10. Later, I shared another analysis and mentioned that it was trying to return from around $9.80, and if it can hold here, it could go up to $15, but if it can't, we might see a reversal around $7.50. I tried to explain this more clearly and explicitly in this chart. If the market is still in a bullish season, ICP will initially attempt the $13-15 range. If it can break this range and continue the uptrend, it will target the $20-22 range. As the year-end approaches, it's advisable to be cautious. Generally, the market experiences a drop before the year-end. However, the expectation of the Bitcoin ETF is keeping the market strong. I wish everyone good luck and a happy new year.
by Dantefe
ICPUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Targets: 12 and 14 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
1
ICP Did It! What is Next?In my previous analysis, I had mentioned that ICP coin would rise from $3.60 to $8.20. Despite ICP dropping from $500 to $3, it is still a strong project and my favorite coin. Unfortunately, due to VC involvement, the coin that had fallen so much has finally started to show a strong uptrend. What is next? RSI is oversold, and price made a huge pump (+%50) since yesterday. Therefore, I believe ICP will make some corrections. As I point it out in the graph, if it starts to do some correction, I believe around 7.50$, we will see some reversal to go up to 15$. If it doesn't stop here, it can directly go to 15$, but I believe it will rejected from there and will do some corrections. In that case, I will publish a new analysis. This is my trial. Not a financial advice.
Long
by Dantefe
2
ICP- Huge falling wedge for 100% riseBINANCE:ICPUSDT has been trading in an immense falling wedge for a year and a half now. At this moment the coin is exactly in the pattern's resistance and a break could fuel a strong rise. The recent rise, although not so aggressive as in other coins could be interpreted as an accumulation in a rising channel which also adds to my bullish outlook. In conclusion, I'm bullish ICPUSDT as long as it stays above 4 USD and, considering a target around 10usd, a 1:5 risk: reward could be achieved.
Long
by Mihai_Iacob
4
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! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
2
ICP Token Can't Break Resistance!? This Analysis Brings Clarity.ICP is mirroring Bitcoin and Ethereum in their difficulty to break their Weekly resistance zones. This is the 4th attempt since November 12th that the price tried to clear and hold above $4.80, will it hold this time? How do we trade this? ICP is in a bull channel, which means our bias should be toward the upside. That does not mean it's the *only* data point to consider, we're also at resistance without a bear signal bar, so don't dive into a short just yet! We also have the 200EMA below us at $4.20, which is likely to act as support given that the overall trend is bullish. Given these data, it's reasonable to look for a bear signal bar closing on or near its low to get short, then take some or all profits just above the 200EMA. Wait for more price action at that level to see if we get another leg up, or hold the rest of that short position to lower prices. Key Points 1. Bull Channel, Bias to Long. 2. 4th Attempt to break Resistance Happening Now. 3. If the 4th Rejection Happens, a Short is Reasonable. 4. Watch 200EMA for Support 5. RSI at 63.00, Bias to Fall. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering
2
ICP/USDT Break the descending channel, Bullish Momentum for ICP 💎 ICP has certainly grabbed our attention. Currently, ICP has broken out of the descending channel pattern, marked by a robust volume and a pronounced green candle. As it stands, ICP is positioned between supply and demand zones, making it prudent for us to await further confirmation. 💎 While ICP hasn't yet undergone a retesting phase post-breakout, there's a likelihood it might gravitate towards the demand level at $2.983 for a healthy correction, setting the stage for a potential upward surge. However, should ICP directly breach the supply zone, it could swiftly ascend to the next supply level. 💎 On the downside, if ICP exhibits a false breakout and the demand zone fails to hold against selling pressure, ICP might revert to the strong support zone. The bullish outlook would be jeopardized if this support is breached and a candle closes beneath it.
by MyCryptoParadise