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Internetcomputer

$ICP the forgotten crypto about to make a comeback? $70-$100+I know this sounds crazy bc LSE:ICP has done nothing but fall since hitting the market, but feel like it's finally time for this thing to make a move. Why? - Looks like it's formed a bottoming formation (inverse H&S) - OBV shows a inverse head and shoulders pattern forming on the right side of the price action on the weekly time frame (inverse H&S within an inverse H&S) - Multiple higher lows on weekly time frame in obv - RSI crossing into extreme bullish/ parabolic levels on weekly timeframe The only thing that needs to happen is price action needs to break above the last blue trend line. From there, I think we'll see a clear shot to $71. That's where I'd want to take profits, and we'll see if price can move any higher after that. Taken a small position here incase it plays out.
COINBASE:ICPUSDLong
by benjihyam
6
🔥 ICP Going Parabolic, But For How Long?ICP has seen an incredible move over the last few days, where it gained almost 30% and severely outperformed the rest of the market. Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming. The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here. If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.
Long
by FieryTrading
8
ICPUSD Inverse Head and Shoulders targeting 17.800Internet Computer (ICPUSD) is rebounding aggressively for the second straight day on the 1D MA50 (blue trend-line). The price is about to complete an Inverse Head and Shoulders (IH&S) pattern. The technical target for such patterns, that are typically formed on market bottoms, is the 2.0 Fibonacci extension from the neckline's Resistance. That is at 17.800, just shy off Resistance 3 and that is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ICPUSDLong
by TradingShot
2
ICP/USD 12H Price TargetsHey traders, Looking at ICP on the 12-hour time frame, we see the two local highs that were created and the question on everybody’s mind is can we go higher? Breaking down the TA, we look like we’ve retested our levels of support at $5.24 and can now move up / change in direction to the upside. We may fiddle around between the $5.24 - $5.59 zone for a bit before advancing towards $6.37, but we could also go straight there. Next targets after securing $6.37 as support would be the sweep around $7.2 marked in orange, and then $9.43. There really isn’t much sell orders on the books and that’s something to factor into your trade as well. I belive this previous move was just a teaser for the real move up, and the zone of accumulation that we’re in was from $4.88 - $5.59. Everything in between and out of that range was deviation from the accumulation zone. We may just pump to $9.43 on this next wick up, however, we need some sort of momentum to carry the price 100%. ckBTC integration was great, shot the price up tremendously, and we need the same kind of hype with ckEthereum as well as more BTC locked on the ICP chain, garnering momentum from all angles to support the squeeze in price. It’s going to happen one of these days, Cycles are used by developers (a necessary resource) to keep their canisters alive and is native to the ICP chain, tied to the SDR (Special Drawing Rights) currency. Remember to take profits on the way up. As always please do your own research, this is not financial advice.
Long
by kyer
#ICP HAS BEEN Busy REALLY BUSY WILL IT LADDER up the way it came down probably not to new all time highs any time soon however I would not count this project out… They have been working hard… They don’t about the price, they award the developers for building with grants, they have so much going for them… they are the efficiencies are across the board compared to any other projects in blockchain technology today… these rate the facts… CURRENTLY THERE IS ETH BTC AND NOW ICP IN THERE OWN CATEGORIES. BTC USED TO BE FREE … ETH USED TO BE HKEX:10 WELL ICP is might be one of these technologies … DYOR DCA SAFELY…
COINBASE:ICPUSD
by Jonnycatx
✴️ Internet Computer Update by RequestMy friends... I received so many messages about ICP, I get the feeling as if someone is knocking... "Tum, tum, tum... Hey, the update, DO IT!!!", so much insistence... But not even one of these was in the trade idea called "Name Your Altcoin", where I fulfilled all your requests... But anyway, here is the analysis/update as I like to be of service and help. The turning point for the Internet Computer (ICPUSDT) happened 19-December, one day before Jupiter stationed direct. Right after this date a very clear bullish wave starts to develop. We get green candles, volume starts to rise and new highs are reached. 19-February, 2 months later, ICPUSDT peaked ending the first wave with a total of 143%. It is normal to see a correction after a major move. The correction started the next day and bottomed 10-March, just like the rest of the Altcoins market. As the 10-March low was hit we see an initial bounce followed by consolidation and small higher lows. All this action is happening above 0.786 Fib. retracement level support, which is a bullish signal. Based on what this chart is saying, we should see a continuation of the initial bullish wave now that the correction is over. This is the chart setup. This setup can become invalid if prices move, close and stay below $4.400, any trading above this level and we expect a higher high to happen reaching 12.4 or higher as the next peak. Yes, bullish! Namaste.
Long
by AlanSantana
18
Internet computer Parabolic move coming!ICP, is it a dead project or just suffer from bad timing on the release? This project was released with a lot of hype behind it but nothing but deflate and loose value ever since it's release. It something better than hype going for it right now and that is bullish divergence on the RSI and the MACD. The MFI showed a break above resistance and is trying to hold the breakout as support. It looks like a fairly substantial recover is on the way for ICP and could see a price bump to $55 to $60 by the end of 2023. That is a cool 10 to 12x from where prices stand at this very moment. This is not financial advice. Please do your own diligence and invest responsible.
COINBASE:ICPUSDLong
by WeAreSat0shi
1
ICP what is next?ICP broke the support that I implemented on my previous analysis due to the FUD about Banks and stuff, so it went down to the stronger minor support (4.40-4.60$). The direction of the market is still uncertain. Therefore, I would like to show two possible scenario in here. First, ICP can bounce back from this minor support. If it does, I strongly beleive that it will go up to 9-9.80$. If the support doesn't hold, then our strong support is at 3.50$. This is not a financial advice. It is just for fun.
Long
by Dantefe
Retracement short waveThe market currently created a double top on a strong daily imbalance or rather a fair value gap, market just filed the imbalance for efficiency and created a double top in daily followed by a triple top on 4h after breaking the lower high, I believe the market is heading back there to retrace and create a resist to support flip/break and retest and for after that it will continue its movement up as we are in an upward trend and the daily yesterday close has created a very strong bearish order block.
SKILLING:US100Short
by Frico_NR