ICPUST trade ideas
ICP Macro Accumulation Ready for LiftoffICP has been consolidating and forming the last stages of this macro accumulation, the LPS, since January. It finally looks ready to bottom out and take off upwards.
We have:
A Daily Trigger Wave
789 on the Daily TD Sequential
A local double bottom
Ideal Entries Marked In Yellow (If price comes this low):
$9.79
$7.83
$6.08
$5.67
$4.53
$3.34
Take Profit Targets Marked on Chart:
Daily FVGs
Weekly FVGs
Macro Linear Fib Extensions
Macro Log Fib Extensions
These are all good places to take partial profits. Take your pick. Make sure to come tell us about how much money you made on this setup!
ICP Bullish Compression ! Internet Computer (ICP) has been trading within a bullish ascending accumulation pattern for an extended period, and the recent price action suggests a potential breakout towards $16.00. This article delves into the technical analysis of ICP and explores the project's fundamentals, highlighting its promising outlook.
Ascending Accumulation Pattern and Compression:
ICP's price action has been forming a well-defined ascending accumulation pattern over the past few months. This pattern is characterized by higher lows and a gradual increase in price, indicating that buyers are accumulating ICP at increasing prices. The recent compression within the pattern suggests that a significant breakout is imminent.
Anticipated Breakout and Target:
Based on the accumulation pattern and compression, I anticipate a breakout above the $12.00 resistance level, potentially reaching towards $16.00 in the initial phase. This breakout could mark the beginning of a sustained upward trend for ICP.
Internet Computer: A Revolutionary Blockchain Platform:
Internet Computer (ICP) is a groundbreaking blockchain protocol that aims to bring the internet onto the blockchain, enabling the creation of truly decentralized applications (dApps) and services. ICP's unique architecture and capabilities address several limitations of existing blockchain platforms, making it a promising project with significant potential.
Key Features of Internet Computer:
Scalability: ICP's sharding technology allows for massive scalability, enabling it to handle millions of users and transactions without compromising performance.
Developer-Friendly: ICP provides a user-friendly development environment, making it easier for developers to build dApps and services on the blockchain.
Decentralized Governance: ICP is governed by its community of token holders, ensuring a transparent and democratic decision-making process.
Why ICP Has a Promising Future:
ICP's revolutionary architecture, scalability, developer-friendliness, and decentralized governance make it a strong contender to revolutionize the blockchain landscape. With its potential to power the next generation of dApps and services, ICP has the potential to experience significant growth and adoption in the years to come.
Consolidation Above $12 with Potential to Reach $14In the four-hour timeframe, ICP is currently consolidating above the support level of $12. Given the ongoing upward trend, it is expected that the price will reach the resistance level of $14. If the current support is breached, the next support level indicated on the chart will act as a potential correction point.
ICP- Good buying opportunityAs you know from my previous 3-4 posts on BINANCE:ICPUSDT , I am very bullish on this project and expected the price to reach $20.
Indeed, this has happened, followed by a strong 50% correction after reaching my target.
Now, the price is trading at $12 and is near a strong support level, both technically and psychologically, around $10.
In my opinion, these prices offer a good buying opportunity and in the event of a reversal and a retest of the $20 zone, a 100% gain could be achieved.
ICP: pollback📊Analysis by AhmadArz:
🔍Entry: 12.619
🛑Stop Loss: 12.363
🎯Take Profit: 13 - 13.438 - 13.853 - 14.581 - 16
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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$ICP about to break out of a reaccumulation rangeBINANCE:ICPUSDT has been ranging for more than 5 months printing an almost perfect Wyckoff Reaccumulation schematic.
Every phase was executed perfectly.
The initial high volume price movement that has marks the preliminary supply zone as the price couldn't hold due to sell pressure. The buying climax phase where there is a lot of supply to scoop but not enough demand to meet it thus eventually driving the price further down for all this supply to be automatically bought (AR). A successful secondary test (ST) should show less selling than previously in the Buying Climax stage; we should notice narrowing spreads and lower trading volumes to confirm, which we have on the chart.
We saw the price pulling an upthrust as price moved above resistance then quickly went back down (bull trap / opposite of a spring) into the trading range. We then tested the new demand after breaking the resistance with a UTAD (upthrust after distribution) move which resulted in a creek that was triggered by a large supply block.
We did not really see a definitive spring as the "spring" did not break support. If it did, the following Test would have been a success as it did not break support and it traded with low volume.
What I now expect to happen is for the price to find one last support level from where it'd move up and face the supply block that triggered the creek.
Breaking through this supply (LPSY - last point of supply) is the sign of strength we want to see for CRYPTOCAP:ICP to throw fireworks.
ICP/USDT LONG !looks as juicy a ! double bottom, downtrend resistance breakdown, bullish divergence on older timeframes! The entry point will be $31, but I'm not sure they'll let you do it!
Short-term :
first target :51usd
second target: 70usd
third 92usd
Long-term:
first tg: 200usd
second tg:500usd
third tg: 2800usd
ICP Long Swing SetupThe chart suggests a bullish outlook based on the volume and price action. The significant volume spikes during rallies indicate strong buying interest.
The current low volume during the pullback phase supports the possibility of accumulation.
If the price breaks above the recent highs with increasing volume, it could signal the continuation of the uptrend.
ICP ANALYSIS🚀#ICP Analysis : What Next ??💲💲
✅As we can see that there was a formation of Descending Triangle Pattern in #ICP and given a breakout. A perfect retesting would indicate a bullish move 📈
🔰Current Price: $12.895
🎯 Target Price: $19.768
⚡️What to do ?
👀Keep an eye on #ICP price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#ICP #Cryptocurrency #TechnicalAnalysis #DYOR
ICP: down-trend📊Analysis by AhmadArz:
🔍Entry:12.245
🛑Stop Loss: 12.524
🎯Take Profit: 12.019 - 11.827 - 11.596 - 11.433
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
ICP: MONDAY FAKEOUT AND BULLISH PUMP ! Internet Computer (ICP) has once again demonstrated its resilience by bouncing off a critical support level at $11. This price action suggests that ICP may be poised for a rebound and a potential continuation of its upward trajectory.
Key Support Level and Reaction:
ICP has consistently shown strong support at the $11 level, bouncing back from this zone on several occasions. This repeated reaction highlights the significance of this support level and the potential for ICP to find footing there.
Anticipated Price Movement:
While ICP has bounced off the $11 support, I anticipate a further downward move to retest the psychological round number of $10. This retest is a common occurrence in the market, as traders often pay attention to round numbers.
Bullish Continuation Setup:
The potential retest of $10, followed by a reversal, could set the stage for a significant bullish continuation. This price action would create a classic "bullish flag" pattern, indicating potential upside momentum.
Abundant Liquidity Above Trendline:
A crucial factor supporting the bullish outlook is the presence of significant liquidity above the downward trendline. This liquidity pool could act as fuel for a strong upward move once ICP breaks through the trendline.
Conclusion:
ICP's recent price action at the $11 support level suggests a potential rebound and continuation of its upward trend. The anticipated retest of $10, followed by a bullish flag pattern formation, could pave the way for a substantial price surge. The abundant liquidity above the trendline further strengthens the bullish case.
📈🔍 ICP Long Trade Analysis 🔄💼Trade Overview:
ICP presents an opportunity for a long trade, with an entry point around $12.00. Given the recent market volatility, it's crucial to manage risk tightly.
Trade Setup:
Entry: Consider entering the trade around $12.00.
Take Profit: Target profit levels at $13.75 - $15.00 and the next resistance area at $16.50 - $18.00.
Stop Loss: Place the stop loss just below $11.70 to mitigate risk effectively.
📊🛡️ Exercise caution and closely monitor ICP's price action for trade management! #ICPTrading #CryptoAnalysis 📉🚀
ICPUSDTICPUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 16.40
What you guys think of this idea?
ICP Pomp to 44 % ?We have been supported by an upward trendline for a considerable period. However, for the past few days, we have been trading below a downward trendline, and the consolidation is intensifying. Both bullish and bearish scenarios are worth considering.
In a bullish scenario, we could anticipate a breakout above 13.97 with the specified targets in mind. Conversely, if the price breaks down below the 11.93 zone, we could accompany the downtrend until the 8.99 target.
Which direction are you anticipating?