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ICPPERP trade ideas

Nice Technical tradeLooks like this is being pulled along by bitcoins current rally and the momentum has cause the price to break up and out of the previous ascending range/channel, retested the break, now currently developing support on top of the previous resistance. This is crypto, odds are longer, trades are more fragile because liquidity can trap you.... This is really just for fun and if anyone follows this trade, they should be prepared to lose all deployed capital and possibly even more through incidental costs and tax liabilities. THIS IS NOT FINANCIAL ADVICE, THE ONLY ADVICE IS TO MAKE YOUR OWN TRADES
COINBASE:ICPUSDLong
by rolledchange
1
ICPUSD No overexcitement about rise. Observe this potential top.The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be concerned of this 1 week trend and a potential continuation. As you see on this chart, every time the price broke above the 1D MA50 since November 2021, it didn't stay there for long and resumed the long-term bearish trend. This time period is depicted by the blue circle. As a result, if the price exceeds this limit and hasn't made a Higher High, best to sell ICP back towards its 4.60 Support. If on the other hand it breaks above the circle, buy the break-out targeting the top (Lower Highs) trend-line of the Megaphone. On the long-term, only a break above the 1D MA200 (orange trend-line), is technically capable of reversing the sentiment to bullish. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ICPUSD
by TradingShot
4
#btcstarburst Is ICP worthless? ReadLet’s see? The token/project came to the market like a beast… Horrible IDEA. This caused people to FOMO in. People lost tons of money. Now for the truth. It is a head of the curve, the compound staking can really pay off. ( In Fact it seems it probably would pay off better that most projects long term) The staking can be a bit confusing this is why it may push most people away. However it can be rewarding since it looks like ICP may have hit a possible bottom or close to it. Could it go lower, the market could go to $0 so there is that. The project itself has many people working night and day in and out developing it. My personal opinion is It may have left a bad taste in peoples mouth. DYOR, look at who is using it, what kind of people are developing on it, who are making the videos? These are not flashy influencers trying to sell a product… DCA safely… TIME WILL TELL. A GANN STUDY
BITFINEX:ICPUSD
by Jonnycatx
5