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ICP / UST

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ICPUST trade ideas

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!
Short
by TraderEngineering
6
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
Long
by Shivaz
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.
by Dantefe
ICPUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! 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! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
1