ICPUST trade ideas
Internet Computer (ICP)Comprehensive Analysis of ICP
Introduction
The Internet Computer Protocol (ICP) is one of the leading projects in the blockchain space, developed with the aim of creating a decentralized internet. This project enables decentralized applications (dApps) to run directly on the blockchain without relying on centralized infrastructure. Due to these features, ICP has captured the attention of developers and investors alike, showcasing significant growth potential in the future.
From a price perspective, ICP has experienced substantial volatility since its launch. It is currently trading within a medium-term ascending channel, which plays a critical role in determining its future price trend.
🔍 Current Status
At present, ICP has entered a correction phase after encountering a weekly resistance zone at $14.623 - $15.704. It is now approaching the lower boundary of its ascending channel and the key weekly support zone at $6.166 - $6.944, which are crucial for preventing further price decline.
Conversely, significant resistance levels at higher zones could limit the upward momentum of the price.
🚀 Key Levels Analysis
Support Levels:
Lower boundary of the ascending channel
Weekly support zone: $6.166 - $6.944
Resistance Levels:
Daily resistance zone: $11.089 - $11.767
Weekly resistance zone: $14.623 - $15.704
Breaking these resistance levels, accompanied by increased trading volume, could strengthen the bullish price movement.
📈 Entry Strategy and Stop Loss
First Entry Point:
When to Enter: If the price bounces off the lower boundary of the ascending channel and the gray support zone ($6.166 - $6.944), a gradual entry is recommended.
Stop Loss: Below the gray support zone at $6.
Second Entry Point:
When to Enter: If the daily resistance zone ($11.089 - $11.767) is broken, initiating a second entry is advisable.
Stop Loss: Below the gray support zone at $6.
Complementary Entry:
A breakout of the 50-level on RSI can serve as an additional confirmation signal for entry.
🎯 Price Targets
Target 1: $21.158 - $23.555
Target 2: $36.722 - $40.641
Achieving these targets requires a confirmed breakout above the weekly resistance zone ($14.623 - $15.704).
⚠️ Key Considerations
Trading Volume: Resistance breakouts must be confirmed by a significant increase in trading volume.
Risk Management: Gradual entry strategies and defined stop losses are essential for minimizing risk.
Ascending Channel: As long as the price remains above the lower boundary of the ascending channel, the medium-term uptrend remains intact.
Alternative Scenario
If the weekly support zone ($6.166 - $6.944) is broken and a candle closes below it, the price could drop further toward $4.5. In this scenario, exiting long positions is recommended.
🔗 Conclusion
The analysis indicates that ICP holds considerable growth potential. However, maintaining proper risk management and closely monitoring key support and resistance zones is crucial. Entering at support zones with a stop loss below $6 and confirming resistance breakouts with high trading volume can be a solid strategy for investment.
ICP Bullish scenarioWatching ICP price retrace towards the bottom of this macro channel.
Bottom of channel also has confluence with 786 fib retrace and vol node.
If price reacts accordingly, this could be a good area to load up a long entry.
Also marked out some key fib time markers (red) which could possibly mark key pivots in the chart.
TradeCityPro | ICPUSDT Early Entry Points👋 Welcome to TradeCityPro Channel!
Let’s update the analysis of ICPUSDT, one of my favorite altcoins. We'll review the new triggers for potential early entries together.
🌐 Overview Bitcoin
Before diving into the analysis, as always, let’s take a look at Bitcoin on the 1-hour timeframe. Bitcoin shows potential for upward movement, as recent candles have pushed its price higher. With increasing volume, it could even set a new ATH. A breakout above the 108454 trigger could present a risky long position with a wide stop-loss.
As Bitcoin’s dominance is rising, this indicates that bullish movements may first occur in Bitcoin. It’s better to focus on Bitcoin or coins with a strong performance relative to Bitcoin.
🕵️♂️ Previous Analysis
In our last analysis, the trigger for a long position was 12.476, but it was never activated. Instead, the price rejected from that level, breaking our lower timeframe trigger. Sellers took control, causing Fibonacci levels to be revisited and the price to move towards the 9.821 support.
📈 Daily Timeframe
Currently, after rejecting the 11.333 resistance, the price has entered a triangle pattern and is consolidating. A breakout from this triangle seems imminent.
When the price rejected from 11.333, we observed increased volume, which isn’t ideal for bullish momentum as it highlights the strength of sellers. However, the price is now sitting on a critical support level, which is also the 0.618 Fibonacci level and the top of the daily box, now acting as daily support.
The daily candle looks promising, sitting on a strong support level. You can consider buying based on this setup, but I prefer to wait for the continuation trendline to break or for the 11.333 trigger to be breached. The 11.333 level is especially significant after the recent rejection. If we see increased volume upon breaking it, I’ll enter a position myself.
For exiting this coin, as long as we remain above $7, I’ll continue holding unless negative news arises. Keep in mind that my entry point is 3.582, which I previously mentioned. Exiting below $7 would still be in profit for me. However, I recommend exiting at current levels if your entry was higher.
⏱ 4-Hour Timeframe
After rejecting the 12.476 level, the price dropped to 9.466, where it seems to have stabilized, and bearish momentum has subsided.
📉 Short Position Trigger
I’ll consider opening a short position if the 9.466 support is broken. Profits from this trade will be used to accumulate more ICP, effectively making my holdings cost-free.
📈 Long Position Trigger
For a risky long position, you can enter after the continuation trendline breaks. Personally, I prefer waiting for the price to reach 11.411 and break that level before entering a long position. This ensures that momentum has entered the coin, allowing me to trade with greater confidence and potentially set a tighter stop-loss.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ICP UPDATEHello Guys,
It's been a while. Not because I lost faith in my plan, but because the whole market is just consolidating. But today I wanted to give you an update on my plan for ICP. I saw an interesting pattern forming on top of the previous breakout which brought us to the 16$ mark. Now we are forming an beautiful pattern and pressure is building. This could go two ways. Imo, An outbreak to the upside would mean that we would revisit the 16$ mark and potentially break it. An outbreak to the downside would mean for me that I would sell my position and wait for a better entry. Keep a close eye on this chart!
Stay safe Traders!
ICPUSDT longhi traders
On the daily chart we can see a falling wedge breakout followed by a pullback. A long position can be considered within the buy zone if bullish confirmation appears, with a target near the resistance at 15.200. The stop-loss should be placed below the support zone to minimize potential losses.
Good luck
ICP 13monthICP has had the same r/s flip area for the past 13 months it has been support more than resistance. Now again it rests on this support. Daily stoch is oversold turning up 200 day ma is around 9$ i would have a stop just below that. target break of trend that is not a strong trend after the break i would target 15.33
ICP/USDTKey Level Zone : 10.350 - 10.550
HMT v4.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
Important Note :
Role of Key Levels:
- These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns.
- Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa).
My Trading Rules
Risk Management
- Maximum risk per trade: 2.5%.
- Leverage: 5x.
Exit Strategy
Profit-Taking:
- Sell at least 70% on the 3rd wave up (LTF Wave 5).
- Typically, sell 50% during a high-volume spike.
- Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio.
- If the market shows signs of losing momentum or divergence, ill will exit at breakeven.
The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
HMT v3.1:
- Enhanced entry confirmation for improved reward-to-risk ratios
HMT v4.0:
- Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling
HMT v4.1:
- Enhanced take-profit (TP) target by incorporating market structure analysis
ICP Leading the Way - TP Target $23.04
I am waiting on a pullback to enter ICP as it leads the way with a good increase in volume that hasn't been reflected in most other coins despite their increase in price. Most coins I am seeing overbought signals on the 4 hour suggesting an opportunity for a pull back.
For ICP, I am looking at buys at approx. 11.54 and 10.90 before we keep moving (VWAP's on 4 hr and Daily).
TP's depend on how long you like to hold, Fib Level 1.618 is 23.04 for an optimistic target, most likely TP along the way to this.
ICP/USDT Bull Flag Breakout is Loading....The chart highlights a classic Bull Flag pattern, which signifies a potential continuation of the upward trend. At present, the price is consolidating within the confines of the flag, indicating a phase of market indecision as it builds momentum for a breakout.
Key Observations
1. The Bull Flag structure remains well-defined, with the price oscillating inside a descending channel.
2. Support is evident along the lower boundary around the $11.5 mark, offering a logical entry point for buyers.
3. A decisive breakout above the upper boundary of the flag would confirm the bullish outlook and could trigger a strong upward surge.
4. The projected target for this move lies above $14, aligning with significant resistance levels observed previously.
Strategic Implications
Patience and vigilance are crucial. Focus on identifying a breakout above the upper boundary, ideally accompanied by increased trading volume to affirm the move. In the event of a retest near the $11-$11.5 support zone, it could provide a favorable opportunity for initiating long positions. Be mindful of potential false breakouts and use risk management strategies, such as setting appropriate stop-loss levels, to protect your capital.
TradeCityPro | ICPUSDT Missed the Market Move? Don’t FOMO👋 Welcome to TradeCityPro Channel!
Let’s analyze the market during a day when it has finally shown some movement, focusing on coins with clear triggers.
💥 Avoid FOMO
The reason we create daily content for this community is to emphasize the importance of analyzing the market daily and identifying triggers before taking trades. This prevents you from acting impulsively and becoming a profit target for others who entered earlier.
🌐 Overview Bitcoin
Before analyzing today’s altcoin, let’s quickly review Bitcoin on the 1-hour timeframe. As mentioned yesterday, Bitcoin’s movement was predicted. After breaking the 98606 trigger, a long position with a stop loss at 97343 was suggested, considering the potential for whale-driven moves at higher levels.
Additionally, if Bitcoin dominance broke the 57.08 resistance, opening positions on Bitcoin was the preferred approach. Otherwise, a switch to altcoins was recommended.
Here’s my position: R/R 3. The triggers I share are the same ones I use in my trades. Remember, not every day requires action!
If you missed the move, should you open a long position after breaking 102208? Not yet. While the current timeframe suggests caution due to overbought conditions, you can consider this on the 15-minute chart. My recommendation: focus on identifying altcoin triggers to stay ahead of the market.
📊 Weekly Timeframe
ICP has seen a significant move since its support at 2.868, rallying by around 400%. Recently, it has consolidated and established strong support at 6.603, which aligns with the 0.5 Fibonacci level and the 50% Dow Theory level, highlighting its importance.
If you entered at lower levels, consider taking out your initial investment or exiting below 6.603. If you bought after the 9.684 breakout, patience is key. Given the potential for an early breakout above 14.879, maintain a stop loss at 6.603.
For re-entry, a break above 9.684 signifies a lift-off from the midline of its horizontal range, suggesting a stronger likelihood of breaking 14.879. Increased volume confirmation post-breakout can validate a buying opportunity.
Let’s address the fake breakout at 14.879. Unlike the 2.868 level, which saw sustained price action and a move upwards post-daily box formation, the 14.879 breakout was merely a single candle spike followed by an immediate reversal.
📈 Daily Timeframe
ICP remains in its large range box, oscillating between 6.691 and 15.22. A sharp move is expected upon breaking either the upper or lower boundary of this range.
ICP has already begun moving after breaking its smaller box resistance at 9.834. It has retested this breakout, unlike some coins that re-enter their boxes, underscoring ICP's bullish momentum compared to peers.
Currently, ICP faces resistance at 12.409, which was previously ignored but has regained significance. Staying above 11.281 provides an opportunity for small preemptive buys, but the main trigger remains 15.22.
⏱ 4-Hour Timeframe
ICP’s chart looks promising, as it has broken out of its 4-hour box and is consolidating below the next resistance level, presenting a potential entry trigger.
Drawing Fibonacci levels from the start of the drop reveals reactions at all levels. Currently below 0.618, breaking this level could propel ICP to the 13.697 resistance. Remaining above 11.333 and the 0.382 Fibonacci level highlights the importance of the 12.476 resistance.
📈 Long Position Trigger
If you didn’t open a position at 11.333, it’s still fine. Momentum has entered this chart. After breaking 12.476, you can open a long position with a tighter stop. Ensure volume increases and RSI enters overbought territory to manage risk.
📉 Short Position Trigger
Currently, I’m not planning any short positions. If 12.476 faces a fake breakout and reverses, I’ll look for short setups in lower timeframes using a fake breakout strategy.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Public trade #4 - #ICP price analysis ( Internet Computer )It looks like CRYPTOCAP:ICP holders have to wait a little longer (of course, everything is in comparison) before the long-awaited growth begins!)
‼️ Buy zone for OKX:ICPUSDT - $8.20 - 10.50
Another downward correction wave is “asking for it” - if it is weak, then the price of #InternetComputer should not fall below $10.50, and if the alt market is sharply “merged”, then the pending buy order at $8.20 will be just right.
🙏 And then we just have to keep our fingers crossed that #ICP reaches the medium-term target of $40+, and if we're lucky, $50+
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Internet Computer $ICPOverview:
FWB:ICP may be the best blockchain technology there is to date. We can thank (or hate) SBF for destroying this chart right out the gate, however the projects fundamentals, developments, and team have not stopped since day one. However, i do not think this bull cycle (unless extended) will be one where we see FWB:ICP 's value really shine. Not to say it wont 5-10X from where it currently is, but this is a 1-5 trillion dollar market cap project in the long term.
Price Action:
Realistically, I see FWB:ICP going as high as $80 in the mid term. We found a demand zone in the $3 area, and have now changed character. there are a few obsticales in the way of going past $80 this cycle including A bearish FVG, some major resisra some major restistance, and the supply zone at 80,.
Take Profit Structure:
Percentages represent growth of total initial investment at current price level.
TP1 - 15% - at $24.14
TP2 - 20% - at $35.39
TP3 - 25% - at $53.58
TP4 - 30% - at $71.79
Will let the last 10% ride.