ICP Forms Cup and Handle Pattern Daily Potential Up to $20.9I see ICP coins have a cup and handle pattern or CnH. It is seen in a 1 day time period forming a cup pattern and in a 4 hour time period forming a handle pattern.
If this is valid, then the coin's ICP could potentially rise all the way to $20.9 or more.
ICPUSDT trade ideas
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.
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!
ICPusdtThis project is my favorite, even though I don't have any of this coin now and I had to sell it because of debt. But I envision a good future for this coin and I think it can go up to at least $85, but maybe not in the short term. I hope this opportunity will come again for Yemen
Do your research and then buy.
Good luck
EntryPoint:
11.911
10.500
8.980
Supports:
7.920
6.613
5.258
3.933
3.376
Resistances:
13.214
14.650
Targets:
17.054
20.460
25.934
39.388
35.135
MidTime:
49.047
62.234
84.223
HODL:
117.715
149.364
202.139
282.016
and GOALS:
Be careful with higher goals because the inflation in this currency has not been good, the maximum amount in this currency is not clear, it may not be available anymore.
347.110
485.247
GL
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.
ICPUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 12 and 14
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions