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ICPUSD trade ideas

bullish falling wedge perhaps.hey there, this is just an idea. (I'm still fairly new to charting) I know the controversy behind ICP that caused such a quick decline, however I think there is an impending breakout, just a gut feeling. As of today (May 26th) Dfinity- the company behind ICP opened a new fund for over 200 million USD for ICP's production, may be a bit of a perk up for it. Of course this is all speculation and I'm not a financial advisor, but even if that doesn't create a bump, it does resemble a falling wedge, at least from my perspective, though I may have charted it wrong because I'm a noob. I welcome input! Thanks everyone.
COINBASE:ICPUSDLong
by scindo
2
Beware the Dead Cat BounceHi folks! ICP is an amazing project, so it is definitely worth following in the time to come. However, it should be very clear to every investor that it is time to sell risky assets when you see even riskier assets starts exploding due to pure manic speculation. As you all know, this manic speculation is what we have seen in the last months, and I believe we need a serious wipe out of these bullshit assets (as in every bubble) before taking a big position in great projects such as Internet Computer, Cardano and Polkadot. To me, this bounce looks very much like a Dead Cat Bounce, and most interesting assets (BTC, ETH, ADA, DOT, ICP, FIL) looks to develop a bearish divergence ATM. My advise if you play the long game and are not already all in, just wait until you see the wipe out before placing a BIG chunk. For the recond, I am a strong believer in DeFi - or at least a much more democratic and much less discriminatory financial system - but to get there, the crypto space must be regulated in a way that protects against scams and high leverage trading for the world to focus on understanding the technology rather than price speculation. Like in every bubble, there are great assets which will thrive in the future, as market bubbles usually happen due to the excitement surrounding new ideas - but it is never a good time to invest when everything explodes if you are a HODLer. DYOR.NFA.
BINANCE:ICPUSDShort
by TheDots
ICP : Ground breaking!Friends! I am so excited about this project. Speaking as a software engineer myself, ICP is the end game of blockchain technology. Being able to build and publish applications to a "cloud" that is not owned or regulated by any one entity is the ultimate service. right now almost all software services are hosted on cloud services owned by one of several major hosting services. Amazon web services, Pivotal Cloud Foundry, RedHat, Google Cloud are some of your major players. These cloud service providers have full control over the customers account and supreme authority over who can and who can not use their service. one recent incident is with the social media app PARLER. Parler was started with the goal of providing unregulated and free social expression via their phone app. Due to "poor timing" and negative media, Parler found itself outcast by big tech. The reasoning behind this is debatable but nonetheless, Parler was offline almost overnight. Many jobs were lost and a tech company was destroyed. ICP isn't just a good idea, or even great idea... its a much needed idea. This is my project.. I'm behind ICP all the way. I hope to see great achievements from Dfinity.
COINBASE:ICPUSD
by The_Yeager
Internet Computer - Hype Explosion!!!This was a huge hype explosion that pulled a lot of people in and caused ICP to briefly reach the number 4 spot on Coin Market cap. CRAZY! Looking at the chart ICP is in a severe down trending channel. This pans out in one of two ways. Either it breaks the resistance line (Top white line) and starts moving back up. OR ICP continues to trend downwards until it reaches a place where the project and price are at equilibrium. Is it a promising project with a fantastic idea? Yes Is it still in the very very early stages? Yes I would probably attribute a 1% possibility that the project achieves its goals of essentially becoming the replacement of the internet. Very high risk to reward even at these prices. **This is not investment advice just my own thoughts and opinions**
COINBASE:ICPUSD
by Crypto_Lad
2
ICP STAY AWAY , DO NOT GET BURNED LIKE ME HEY ALL I recently posted and went long on this, but after watching the trading for several days. I should have done my due diligence further, and although I feel there is a long term value. From my expertise in financial planning, I can clearly see this has ben pumped. Two of my close friends have advised me to stay away as well and it makes sense. How can a coin come into the market with a valuation so high - this entrance has been well orchestrated and tokens are being dumped by owners and investors. Look at the volume and action, bots are at play. PLEASE BE CAREFUL DO GET BURNED LIKE ME. This will most likely settle around less than the $100 mark from where it will gain traction. THIS IS NOT FINANICAL ADVICE BUT JUST A WARNING.
COINBASE:ICPUSD
by Amo19922
8