ICPUSDT trade ideas
icp/usdt longT=17
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole).
Flag patterns are accompanied by representative volume indicators as well as price action.
Flag patterns signify trend reversals or breakouts after a period of consolidation.
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.
ICP: Unlocking the Bullish Momentumn recent times, Internet Computer (ICP) found itself entrenched in a prolonged downtrend, strategically accumulating liquidity from the market's upper echelons. This downtrend persisted until a noteworthy shift in its trajectory transpired.
Navigating the Downtrend:
Accumulation Phase:
ICP meticulously gathered liquidity during its descent, setting the stage for a calculated shift.
Breaking the Bearish Mold:
Bearish Prelude: Fakeout and Resilience:
A bearish prelude unfolded with the formation of a deceptive bear flag, indicating potential downside.
Contrary to expectations, ICP swiftly pivoted, establishing a resilient double bottom pattern.
The Resurgence:
Sharp Uptick: A Bullish Resurgence:
A sudden and robust upward surge followed the double bottom formation, indicating a substantial change in market sentiment.
Breaking Free from the Downtrend:
Strategic Breakout:
ICP successfully breached the confinements of the prolonged downtrend, marking a significant departure from bearish market dynamics.
Anticipating Further Upside:
Strategic Outlook:
The successful breakout positions ICP for potential further upside, presenting an optimistic outlook for traders.
A prudent approach involves anticipating a retest of the daily imbalance level in the $7-8 range before expecting continued growth.
Closing Thoughts:
ICP's strategic maneuvers, from liquidity accumulation to breaking free from the downtrend, suggest a renewed bullish momentum. Traders eyeing opportunities in this landscape should remain vigilant for potential entry points, with a keen focus on the impending retest in the specified price range.
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ICPUSDT: Ascending to New Heights! ๐๐นIntroduction: ๐ Brace yourselves for an exciting ascent in the crypto sky with ICPUSDT! Traders are gearing up for a long position from $11, as the price approaches a compelling level. Let's unravel the details of this potentially rewarding trade.
Trade Details: ๐ฐ The long position (#ICPUSDT) takes flight from $11, safeguarded by a stop-loss at $10.93. The rationale behind this move is the price approaching a fascinating level, amidst a confident ascending structure, backed by trading volumes and notable buyer activity.
Technical Analysis: ๐ Navigating the 1-hour timeframe, ICPUSDT is steadily approaching a significant price level of $11. The ascending structure remains robust, marked by trading volumes and evident buyer activity. Upon reaching the designated peak, traders are advised to await the formation of consolidation before initiating a breakout.
Expectations and Strategy: ๐ฏ The trader anticipates potential gains of approximately 9%, emphasizing the need to patiently wait for consolidation post the designated peak and subsequently capitalize on the breakout.
Trade Target: ๐ The primary goal is to ride the confident ascending structure, unlocking potential profits as the price ascends to new heights.
Conclusion: ๐ ICPUSDT invites traders to ascend to new heights in this promising trade. Prepare for a journey of potential profits, exercise patience during consolidation, and get ready to ride the crypto waves to new heights! ๐น๐
ICPUSDT: Navigating the Correction Waves with a Short Sail! ๐โตIntroduction: ๐ Brace yourselves for a turbulent ride in the crypto seas with ICPUSDT! Traders are embarking on a short position from $9.073, navigating through recent active growth and identifying a descending structure. Let's delve into the details of this bearish journey.
Trade Details: ๐ฐ The short position (#ICPUSDT) sets sail from $9.073, anchored with a stop-loss at $9.122. The rationale behind this move lies in the recent active growth leading to a corrective phase, forming a descending structure that signals the strength of sellers and weakness of buyers with declining trading volumes.
Technical Analysis: ๐ Zooming into the 30-minute timeframe, ICPUSDT is undergoing a correction after recent active growth, forming a descending structure that points to the strength of sellers and the weakness of buyers with a decline in trading volumes. The price compression along the trend is approaching a support level, validated multiple times and holding unrealized liquidity.
Expectations and Strategy: ๐ฏ The trader contemplates a gradual approach with consolidation around the support level, anticipating an impulsive breakthrough with increased activity in the order book.
Trade Target: ๐ The primary goal is to capitalize on the correction by riding the descending waves, navigating through the sea of potential profits.
Conclusion: ๐ ICPUSDT invites traders to navigate the correction waves with a short sail. Prepare for a bearish journey, watch for price compression around the support level, and be ready for an impulsive breakthrough with heightened activity in the order book! โต๐น
ICP/USDT SHORTAs marked still looks bullish and im waiting for another push from btc, i find ICP looking really weak with volume dropping, and indicators as jew pointing down + oscillator giving a short signal.
Is it worth taking this trade, even if it goes against the trend?
short term trade remember to take profit.
ICP/USDT Bullish Horizons what next? ๐ ๐ICP Today Analysis๐ 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.
๐ 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.
๐ 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!