ICPUSDT trade ideas
ICP Trading plan for those who are out of position / long setupSo , today I decided to share with you my trading plan for this coin , this is due to the fact that most likely now a lot of people have missed the growth and comfortable entry points for altos , and in the market as a whole , and there are probably such among my readers , too , so right now I will tell you the whole plan for recruiting positions with excellent medium - termgoals .
Let 's start with the current situation , we have a clearly formed head and shoulders figure , its border is broken , which means it is confirmed . I believe that the price will continue its decline to the key support block of 5.2-4.9$, this decline fits perfectly into the structure of the market, it will demolish the stops on a similar decline in Bitcoin, thereby cooling the overheating. Why is the decline in this particular block ? This. the range is very strong and valid , and also confirmed by time , pay attention to how the price reacted in these price values .
Now , after we have identified a block that is comfortable for a position set , we begin to gradually gain a position , in this range we gain 50% of the allocated amount and put a stop that I marked on the chart , the execution of this stop in my opinion breaks the ascending structure and shows weakness . In general, you scored 50% of the amount that you allocated for this transaction and set a stop, now it remains for us to observe and get a position according to the buyer's reaction (noted on the chart), IT is IMPORTANT to do this on a clear confirmation and fixing on local time intervals (4h), so you have carried out another set already with CONFIRMATION that on our market is extremely important .
Congratulations, the main work is done, now we are just waiting for the full absorption of sales (falling) and already after the breakdown of $ 6.1 we add the final remaining amount to the position and hold it to our goals, after a bold breakdown and exit for $ 6.2, you can safely transfer the stop to no loss, it is important to note that your amount of addition should decrease, thatit would be hard not to shift your entry point .
If you have any questions about the transaction , I will answer in the comments , write . There are also a lot of current setups on the channel . Good luck in trading
✴️ ICPUSDT | Internet Computer (Name Your Altcoin #8 ✅)The Internet Computer (ICPUSDT) has gone through a similar pattern compared to other altcoins projects but some varieties can be seen as is usual.
The first one is the potential, we can see a whooping 860% that can be achieved for this pair in the mid- to long-term, within 3-6 months.
Short-term there is a massive 171% to 500%+, this while ICPUSDT already printed 6 weeks of green.
Here there is still no volume and just two weeks ago ICPUSDT managed to close above EMA21.
While the RSI is strong above 40 on the weekly timeframe, it still remains below 50, the altcoins we've been seeing are already well above 50.
We can either say that this chart is not as strong as the others or that it is much earlier for this pair, both are true statements.
The fact that 6 weeks closed green is a strong bullish signal, hardly ever a new low is followed after this type of action when a hitting a new multi-year or all-time low.
If you were to see 6 green small candles at high prices or near resistance, the possibility is always there for a drop but at support, we can say that consolidation/accumulation is taking place.
The next detail is the low, it happened on the week of 19-Dec. while many altcoins produced their lows much later.
This low came in as a perfect hammer, lets' review it:
The hammer must have a small real body. ✔️
The lower wick must be at least twice as long as the real body. ✔️
To be valid as a reversal signal, it must come at support or near the bottom of a trend. ✔️
Confirmation comes with multiple session closing above the hammers high. ✔️
This candlestick pattern, the hammer, can be invalidated with a close below the wicks low, in this case 3.357.
If if you get a close below this level you can say that the hammer as a reversal signal has been invalidated. Here it remains valid and has been confirmed on the other hand.
On top of multiple sessions closing green afterward we also have a bullish break of EMA10 and EMA21.
Now, any type of consolidation can happen but the stage is set for growth.
Once we reach this point, patience is all that is required to win.
Name your altcoin #8.
Namaste.
ICP: Buy the breakoutHello traders!
Welcome back to another trade with Analyst Aadil1000x.
There is a breakout in ICP and the market is forming bullish patterns. This means the market will use this breakout to pump. We are setting buy limit at key reversal area.
ICP Buy Limit @ 5.71
Stoploss 5.604(-1.82%)
Target 1, 5.91(+3.45%)
Final Target 6.246(+9.42%)
Don't forget to hit the like button and follow to stay connected.
Internet Computer #ICP updateWhat is the Internet Computer and ICP?
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.
Bottom of the ascending channelThe ICP support ranges are considered at $4.5 and $4.9, which can have a positive reaction. We expect the continuation of the upward trend from the desired support range. This week, if the bottom of the ascending channel is broken, the main wave could end, and a correction could begin.
ICP: Approaching ResistanceThe Internet Computer (ICP) technical analysis:
Trade setup : Bullish breakout from consolidating in a Sideways Channel ($3.50-$5.00). It’s now approaching 200-day moving average (resistance) around $6 and it’s overbought (RSI ~ 70), so it’s likely to get rejected here and pull back some near-term. Wait for price to either 1) break above $6 to resume uptrend with upside potential to $7.50, or 2) pull back near $5 support for a swing entry.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $5.00 (previous resistance), then $3.50. The nearest Resistance Zone is $6.00, then $7.50.
BTC dominance...ICPWhile bitcoin dominates the market it pulls the strings to an extent as we all know. So until BTC Dominance drops and altcoin season begins we have to monitor BTC. So the previous idea stands but as we can see last time BTC was trending sideways we trended along the widdle line on the chart so ICP probably wont break 5.80 until BTC hits 23k again
ICPUsdt on last resistanceicp great blockchain
with start bad work for all on this blockchain sell coins and drop after that start bear market and cant back up
but this more like eth on 2020
and rdy for moveup
now on last resistance line and need break top channel
ICP break this channel can start move up adn free for pump and join more money
GL
EntryPoint:
5.394
4.978
Supports:
4.668
4.374
4.011
3.550
Resistance:
6.082
Targets:
7.149
8.789
9.786
11.419
15.236
18.710
24.309
MidTime:
32.470
39873
51.806
69.124
82.655
HODL:
110.403
and ICP for long time and HODLER cn got higher targets.
this coin good for HODLERS
GL