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Internetcomputer

ICPUSD: Bullish despite today's decline.Internet Computer remains bullish on its 1D technical outlook (RSI = 68.393, MACD = 1.900, ADX = 40.337) despite today's strong selling as it maintains the parabolic rise structure. It is about to test the 0.382 Fibonacci level, but the horizontal Resistance is slightly over it at 23.7500 (R1). This is our target (TP = 23.000) and after that we will wait for a 1D MA200 pullback to buy for the next rally (TP = 55.0000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:ICPUSDLong
by InvestingScope
1
ICP can head to $11.11 by maintaining support above pink channelWe can see its noticeably above the pink channel here. If it can maintain solidified support on the top trendline of the pink channel it should validate the breakout and it’s target will be $11.11 …currently we can see the other channel seen here is brown is still resistance at the moment but on the way to the target from the pink channel breakout we will need to also break above the brown channel and flip it to solid support too. Once we do, its breakout target is a little bit higher than the pink ones target so as we head to hit the pink channel breakout target, will likely also hit the slightly higher target of the brown channel breakout as well. *not financial advice*
COINBASE:ICPUSD
by DrDovetail
3
ICP/USDT Ready for Another Bull Rally? 👀🚀ICP Analysis💎 Paradisers, direct your focus to ICPUSDT as it undergoes a crucial phase in the market. The asset is showing signs of a potential breakout from its descending channel. 💎 Analyzing #InternetComputer's market trend, it has been consistently moving within a descending channel. At this juncture, ICP is poised to challenge a former resistance level, now serving as support at $8.813. There's a significant possibility that ICP could leverage this level to initiate a bullish trend, targeting the notable supply level at $13. 💎 However, in the ever-changing crypto market, #ICP traders must be prepared for various scenarios. If ICP does not sustain its bullish trajectory, a change in market direction could be on the horizon. Traders might then need to recalibrate their strategies, considering a bullish resurgence from a lower support level at $8.81. 💎 If ICP falls below this additional support level, a strategic reassessment would be crucial. This shift could suggest hurdles in maintaining the bullish trend, requiring an adaptation of trading strategies. 💎 Stay strategic and flexible, Paradisers. Your ParadiseTeam is dedicated to navigating you through these market changes, ensuring you're well-prepared for effective and informed trading decisions.
Long
by MyCryptoParadise_Simon
2
ICP - Measured Move Complete! Pullback to $8.23 then $4.80!?ICP executed a beautiful measured move in three legs; a breakout from the first to the second leg with an ascending triangle(per my last analysis), broke resistance, and landed on the measured move target. We're now witnessing a pullback but is that where the drop will end? How do we trade this? 🤔 We need to wait and see what happens to the price after it interacts with what was previous resistance, around the $8.23 price area. If we get strong support it's reasonable to consider a long scalp. I wouldn't plan a swing trade on this timeframe since the price action has been running hot; three pushes up with a 320% increase in price from bottom to top, RSI went up to 91 and is still at 68.00, now below the moving average, etc. These data do not support longing, at least on this timeframe. We also do not want to jump into a short right away, the strong sell signal and confirmation candles need to close before we can make such a move. Look for a break below the Resistance Zone and a re-test of the level that fails. A strong bear bar closing on its low at the $7.95 area is enough justification to enter a short. It's reasonable to take 1:1 Risk/Reward level profits around $7.20 and swing the rest to 1:3 or until you see a buy signal. Until we see the bear confirmation, we ought to remain on the sidelines or zoom into the 5m or 15m timeframes. 💡 Trade Ideas 💡 Short Entry: $7.95 🟥 Stop Loss: $8.65 ✅ Take Profit: $6.55 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout of Ascending Triangle, Measured Move Up! 2. Measured Move Target Hit, Pullback to Resistance Zone. 3. Watch for Support at Resistance Level $8.23. 4. RSI at 68.00 below Moving Average, Supports Pullback to Resistance Zone. 5. Watch Bitcoin near the $46,000 level, looking for a Trend Change. 💰 Trading Tip 💰 Bear flags in the proper context, provide over a 60% probability that a trend will continue. This provides justification to enter a short trade. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
6
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
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/USDT Bullish Horizons what next? 👀 🚀ICP Today Analysis💎 Yello, Paradisers! Get ready for an exciting opportunity with #ICPUSDT. It's currently in a demand zone and poised to breach a supply level, signaling a high chance of a bullish move after this breakout. 💎 We've noticed that #InternetComputer often successfully follows a pattern where it breaks above a descending trendline and initiates an upward trajectory, consistently creating higher highs and lows. If it breaks through the supply level at $5.293, we're likely to see a strong bullish surge to overcome a major supply barrier. 💎 However, if it struggles to maintain this upward momentum, there's a chance it might seek bullish continuation from its previous support zone at $4.018. A fall below this could lead to a significant downward trend. Stay alert and watch these levels!
Long
by MyCryptoParadise
3
#ICP/USDT 2D (#BinanceFutures) Big falling wedge break & retestInternet Computer seems to have found bottom on historical demand zone, RSI entered oversold territory, recovery towards 100EMA would make sense. ⚡️⚡️ #ICP/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1x) Amount: 9.4% Current Price: 3.804 Entry Targets: 1) 3.390 Take-Profit Targets: 1) 6.098 Stop Targets: 1) 2.305 Published By: @Zblaba CRYPTOCAP:ICP #ICPUSDT #InternetComputer #Dfinity #Web3 Risk/Reward= 1:2.5 Expected Profit= +79.9% Possible Loss= -32.0% internetcomputer.org dfinity.org
Long
by TradingOn
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
Internet Computer (ICP) Next TargetInternet Computer (ICP) Contrary to other altcoins, ICP has shown a relatively muted response to the BTC rise. Although the asset has appreciated by 70% since October 15, it has not yet reached a new annual high, and the ICP growth rate remains somewhat sluggish. Currently, the asset is trading between a support zone of $3.94-$4.18 and a resistance level of $4.64-$4.96. If BTC continues its sideways trend above $37,000 or maintains its upward movement, ICP might follow a similar trajectory. The next target for buyers could be the psychological level of $5, with an additional notable level at $5.42 just above. In the event of a correction, ICP could retest its current buyer's zone, as well as potentially drop to the level of $3.78 and into the range of $3.5-$3.7.
Long
by DEXWireNews
🔥 ICP Long-Term Trend Shift: Short-Squeeze PotentialIn the past I've written many times about ICP's terrible performance and price action. It was one of the worst performing tokens of the last 2.5 years, with a serious risk of never going up again. But, where there's pain, there's also opportunity. With ICP losing over 99% in value in 2.5 years, it has some serious potential to pump. Not saying that we're going to see new all-time highs, but a move towards 100$ is still in the cards. The weekly RSI has hit it's highest level since ICP started trading on Binance. This is a bullish metric in itself. Furthermore, with ICP being so weak, it was a shorter's dream come true. I reckon there's a lot of shorts currently wondering whether to close their short position or to leave it open. If BTC (and alts) continue to rise, ICP will rise with it, making more and more shorters close their positions, which leads to even more bullish price action since they have to buy their positions back. This could cause a short-squeeze in ICP's price. All in all, I think it's quite possible that ICP's lows are in and that we're going to see a long-term trend shift.
Long
by FieryTrading
6
ICP Shakeout Below Pivot: BULLISH🚀 Internet Computer (ICP) has charted a promising course in the crypto waters with a significant breakout pattern – the cup and handle. This bullish setup, combined with a substantial triangle breakout, suggests that ICP is gearing up for a significant uptrend in the near future. 🌐🚀 Setting the Stage: The Triangle Breakout ICP recently made a notable move by breaking out from a substantial triangle pattern, signifying a potential shift in its price trend. Triangle breakouts are essential indicators of impending price movement, offering traders and investors an opportunity to capitalize on emerging trends. Cup and Handle: A Bullish Prelude Adding to this momentum, ICP displayed an intriguing cup and handle formation on its daily chart. The cup and handle pattern is a classic sign of a bullish trend continuation. It reflects a temporary consolidation phase, like sipping from a cup, followed by a strong, upward move, akin to the handle of the cup. This pattern is revered for its potential to push prices higher. Trading Strategy: Navigating the Crypto Seas For traders and investors, ICP's recent price action and patterns are noteworthy. It's crucial to observe these developments and consider them as part of a comprehensive trading strategy. Implement effective risk management to navigate the often unpredictable crypto market. Conclusion: ICP's Voyage Into Bright Waters Internet Computer (ICP) is embarking on a voyage into brighter waters, marked by a triumphant triangle breakout and a classic cup and handle formation. These patterns signal the potential for bullish price movement in the coming days and weeks. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Feel free to share your thoughts and insights on ICP's chart developments. . 💚🚀💚
Long
by Yaroslav_Krasko
1
ICP/USDT upward momentum? 👀 🚀 ICP Today Analysis💎Paradisers, turn your focus to ICPUSDT! Our observations indicate that it's currently positioned within a demand zone, and after accumulating liquidity, it's priming for a bullish ascent. 💎Delving deeper, we noticed that after breaking free from a descending channel trendline, it embarked on a commendable upward journey. However, it faced rejection from an overhead supply zone. Currently, it's regaining its bullish momentum, and there's a strong likelihood it will challenge the supply zone once more. 💎 Another key point to consider: should the price OF ICP breach the 3.039 demand zone level, anticipate a downward shift, potentially reaching another support level at 2.938. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise
1
ICP/USDT on the Verge of a Breakout🚀| ICP Analysis Today💎 Paradisers, Take Notes! ICP/USDT is on the verge of a breakout from its descending channel pattern. Observing the daily close candle is vital to confirm a genuine breakout. 💎 If LSE:ICP remains above the support trendline at this point, it will signify a confirmed breakout. 💎 Examining ICP’s past behavior reveals its steady stance in a Strong Demand zone. Observations denote that the asset has consistently created wicks to access an order block in the bullish OB, maintaining the daily close persistently above the robust demand zone. 💎 LSE:ICP has undergone multiple attempts to penetrate the descending channel, each encountering substantial rejections and subsequently reverting to the strong demand zone. 💎 The analysis could become obsolete if ICP retreats from the Bullish OB zone, possibly signaling a continued descent for ICP. 💎 Stay vigilant and remain updated!
Long
by MyCryptoParadise_Simon
ICP/USDT bullish scenario?👀🚀 ICP today analysis 💎 It is currently navigating a consolidation phase while firmly gripping its support zone. 💎 The MACD leans bullish divergence, hinting at a potential upward trajectory post the consolidation breakout . 💎 Looking back, the price experienced a dip after forming equal highs. Additionally, a transformation of demand into supply further accelerated the downward momentum. 💎 There's a distinct unmitigated supply and bearish zone. It's highly probable that ICP will aim to address this imbalance soon. However, should the price breach the support zone, be prepared for a potential descent. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
1