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Icpusdtanalysis

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 $2.983 for a healthy correction, setting the stage for a potential upward surge. However, should ICP directly breach the supply zone, it could swiftly ascend to the next supply level. 💎 On the downside, if ICP exhibits a false breakout and the demand zone fails to hold against selling pressure, ICP might revert to the strong support zone. The bullish outlook would be jeopardized if this support is breached and a candle closes beneath it.
by MyCryptoParadise
ICP targets for 2024-2025BINANCE:ICPUSDT ICP underrated now and all indicators shows the potential big move Possible Targets and explanation idea ➡️Risky asset but with potential big move ➡️Monthly timeframe ADZ indicator in huge accumulation ➡️Direction indicator on monthly lay down at the bottom ➡️First resistance will be 2 local M-gap's 11.28$ ➡️Main target for now is a liquidity over 87$ ➡️What we can't know its a timing Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
4
ICPUSDT Elliott Waves Analysis (Local Setup)Hello 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: 4.6 - 5 - 5.5 after first target reached move ur stop to breakeven Stop: under 3.6 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 3 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
Internet Computer (ICP) formed Gartley for upto 121% rallyHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer (ICP) with US Dollar pair. Recently I shared a short-term trade setup for ICP, which is still in play as below: At the same time, on a long-term weekly time frame, ICP has formed a bullish Gartley move for massive price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Revolutionizing the Internet with the Best Blockchain TokenIntroduction: In the rapidly evolving digital landscape, blockchain technology has emerged as a transformative force. Among the numerous tokens available, ICP (Internet Computer Protocol) stands out as the pinnacle of innovation and efficiency. With its robust architecture and seamless integration capabilities, ICP is poised to revolutionize the internet and reshape the future for major corporations worldwide. Unveiling ICP's Potential: ICP, developed by the DFINITY Foundation, represents a paradigm shift in the decentralized internet space. By leveraging a unique combination of blockchain and advanced cryptography, ICP enables a multitude of applications, services, and smart contracts to run natively on the internet itself, eliminating the need for traditional centralized infrastructure. Enhancing Scalability and Security: One of the key advantages of ICP is its unparalleled scalability. Unlike many other blockchain networks, ICP is capable of accommodating massive numbers of users and applications without compromising performance. By utilizing advanced protocols, ICP ensures fast transaction processing and significantly reduces latency, making it the ideal solution for high-volume environments. Moreover, security is a paramount concern for any digital enterprise. With ICP, companies can enjoy enhanced security through the network's immutable and tamper-resistant nature. By providing a trustless environment, ICP eliminates the need for intermediaries, reducing the risk of data breaches and ensuring the integrity of transactions. The Future of Major Corporations with ICP: As we peer into the future, it becomes increasingly evident that major corporations will embrace ICP as the backbone of their digital operations. With its vast potential, ICP can revolutionize various industries, including finance, supply chain management, healthcare, and more. Financial institutions can leverage ICP to streamline payment systems, enabling faster cross-border transactions and reducing costs associated with intermediaries. Supply chain networks can benefit from ICP's transparent and auditable nature, ensuring traceability and authenticity throughout the entire process. Additionally, the healthcare sector can harness ICP's secure infrastructure to protect patient data, enable interoperability between systems, and enhance the efficiency of medical research. Conclusion: ICP, the crown jewel of blockchain technology, holds the promise of transforming the internet and empowering major corporations. With its unparalleled scalability, security, and versatility, ICP is poised to revolutionize industries and drive innovation. As the digital landscape evolves, embracing ICP as the best blockchain token is not just a choice but a strategic imperative for enterprises seeking to thrive in the future. Get ready to embark on a transformative journey with ICP, where the possibilities are limitless.
Long
by SophiaAnderson
Internet Computer ICP price has a chance to "get off its knees"?When will the ICP price finally come to life? Many investors are probably asking themselves this question, because since the listing of the ICPUSDT pair, its price has been falling all the time, from $600+ to the current $4 The team chose a bad time for listing, at the peak of 2021, and since then the cryptocurrency market was captured by a protracted downward trend. We have neither the desire nor the technical knowledge to delve into the fundamentals of the project, but we can share our thoughts on what we saw on the chart. For almost a year now, there has been a prolonged consolidation in the range of $3.30-8.30 . Consolidations usually involve a set of positions (both longs and shorts), and given that it is not too far from the current price to "zero", we can assume that a large long is being taken. It can also be assumed that a global Double Bottom pattern is forming, with a 1st global target of $17 , but this will clearly not happen soon. If you believe in the bright future of the Internet Computer project, then you can buy ICP for your investment portfolio. Conservative entry long above $7 Entering the long at a price below $7 is a great risk of getting stuck with a deposit in consolidation for months. In addition, the price of ICP can also easily update the minimum. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
ICP/USDT 2023The comparison between Internet Computer Protocol (ICP) and Ethereum in terms of advantages depends on various factors and perspectives. Both platforms have different approaches and offer distinct features. Here are some specific advantages of ICP compared to Ethereum: 1. Scalability: ICP is designed with a focus on scalability, aiming to provide a solution that can efficiently handle a high volume of transactions and activities on the network. Ethereum, on the other hand, has faced scalability challenges, especially during network congestion periods, as seen during the NFT (Non-Fungible Token) boom in 2021. 2. Transaction fees: ICP proposes potentially lower transaction fees compared to Ethereum. This can be advantageous for applications that rely on a large number of transactions or for users looking to avoid high transaction costs. 3. Confirmation time: ICP aims to significantly reduce transaction confirmation time, allowing for a faster user experience compared to Ethereum. 4. Governance: ICP has a decentralized governance model, which enables network participants to contribute to decision-making and platform development. While Ethereum also has a governance system, ICP may have a more accessible and open approach to user participation. However, it is important to note that Ethereum is currently the most established and widely used blockchain in the cryptocurrency and decentralized application space. It has a robust community, broad adoption, and supports a variety of smart contracts and tokens. Ethereum is also undergoing major upgrades, such as the transition to Ethereum 2.0, which aims to address scalability and efficiency issues. The choice between ICP and Ethereum will depend on the specific requirements of a project or use case, as well as individual preferences. It is recommended to research and carefully evaluate the characteristics, features, and limitations of each platform before making a decision.
Long
by SophiaAnderson
ICP/USDT - ICP Token: Poised for Explosive Growth?ICP (Internet Computer Protocol) is a blockchain-based protocol that aims to revolutionize the way we interact with the internet. ICP's token, also called ICP, is the native digital currency of the Internet Computer ecosystem. ICP is designed to power the decentralized internet by providing a secure and efficient means of executing smart contracts and other decentralized applications. It operates on a consensus mechanism called the Threshold Relay, which allows for high-speed processing of transactions with low latency. One of the key features of ICP is its ability to support smart contracts written in multiple programming languages, including Rust, Motoko, and C. This makes it easy for developers to create decentralized applications on the ICP network. ICP tokens can be used to pay for transaction fees, stake in the network, and participate in governance decisions. The total supply of ICP tokens is capped at 469 million, with around 155 million currently in circulation. Since its launch in May 2021, ICP has garnered significant attention from investors and developers alike. It has quickly become one of the most valuable cryptocurrencies in the market, with a market capitalization of over $10 billion as of May 2023. Despite its rapid growth, ICP is still a relatively new technology that faces many challenges and uncertainties. As with any emerging technology, it is important for investors and users to conduct thorough research and understand the risks associated with investing in ICP. In conclusion, ICP and its native token have the potential to transform the way we interact with the internet and bring about a new era of decentralized applications. Its innovative technology and strong developer community make it a promising project to watch in the coming years.
Long
by SophiaAnderson
3