ICP: Pullback in UptrendThe Internet Computer (ICP) technical analysis:
Trade setup : Following a bullish breakout from Sideways Channel ($3.50-$5.00), indicating bullish trend reversal, price also broke above $6 resistance with big volume, resuming Uptrend and reached our target of $7.50 where it was met by profit taking selling from traders. Pullback near $6 support could be an attractive swing entry in Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $6.00 (previous resistance), then $5.00. The nearest Resistance Zone is $7.50, then $10.00.
ICPUST trade ideas
ICPCryptocurrency ICP last year foreshadowed a complete fiasco. But as we can see, this project is alive, and now many are talking about its significant prospects. In addition, on a new bullish cycle, this coin showed a significant increase and rose by more than 100%. A good incentive was the emergence of the Chat GPT service, against which IT-related cryptocurrencies made a strong movement. And ICP is no exception. Now the coin has made a deep correction and formed a falling wedge. Also, the price is now near the support level, from which it is likely to reverse.
ICP GOLDEN CROSS 1st Time in HistoryBy looking at the MA 50/100/200 on the daily frame it's possible to see that ICP has make the 1st golden cross of it's history, with a big pump on transaction volume behind it, especially on the buy side.
At this time everyone in the crypto world is starting to realize that ICP launch was manipulated by Sam Bankman-Fried, at the prejudice of retail investors.
You can check Bit boy's video for more detailed info on this: www.youtube.com
The Dfinity foundation is developing the Internet Computer, and has seen its adoption grow with the release of more and more applications based on its ecosystem, and an increasing number of developers joining the project and developing applications on it.
You can check all this out at internetcomputer.org
Another extraordinary development has been the recent possibility of integrating BTC through the ICP network's smart contracts, called Cannisters.
ETH integration is coming soon, allowing developers to develop ETH applications through the ICP network, with extremely low costs and infinite scalability.
www.coinhustle.com
cointelegraph.com
If you still doubt this is the best tech in the market, please have a look at the >6000 transactions per second, and already almost 2 billion blocs on the network.
dashboard.internetcomputer.org
Despite being already at 2bn Market Cap in a Bear Market, I trully believe ICP has the possibility to go on a 100x streak within the next few years.
Check this out, the use cases and the awakening is happening. Italian brand using ICP:
www.bsc.news
"Dfinity has announced a partnership with FEDERITALY to use the technology of the Internet Computer to verify products “Made in Italy” and confirm product labels on the blockchain.
FEDERITALY is a non-profit clothing federation that will incorporate the security, speed, and trust of Dfinity’s Internet Computer to certify that products are “100% Made in Italy,” according to a press release shared with BSC News. FEDERITALY will give each product a QR code that will hold the blockchain data on the Internet Computer which corresponds to the product label, guaranteeing the accuracy of the label."
Even Vitalik Buterin realizes ICP is the main competitor of ETH, but I believe ICP will be an integrator more than a competitor. You can check it out too:
www.youtube.com
I hope this helps some of you take a deeper look into Dfinity and $ICP and see the potential of this ecosystem.
Check this comparison of ICP with the other networks made by reddit users:
ibb.co - I hosted it to a popular image host website, it's totally safe.
Thanks, hope you enjoy it!
ICP: Look At The Next Levels Looking over at ICP you'll notice that similarly to other ALT coins such as FileCoin basically lining up, we are basically sitting just underneath resistance. If we are to break resistance you'll see that there is very little resistance above us. I'm eyeing $9 and then if we go to $14 things could start getting very wild...
ICP/USDT waiting for bearish movement! Hey, guys ✌️
ICP/USDT coin is looking good for a sweet drop soon. We are here on 4hr chart where both 100 and 200EMA zones have drifted too far away from the market price which has been working good with recent market state where price was going back for a correctional movement.
RSI looks to be going for a crossover at RSI level as well so let's wait and see. The more confirmations we get the better our odds will be!
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🔥 ICP At Serious Risk Of A Short-SqueezeA couple of weeks ago I talked about ICP, the break out through the bear market resistance and the short-squeeze potential that this token has.
Seeing that Bitcoin has been falling over the last two days and ICP achieving great gains, I think there's an increasing potential for a short-squeeze to occur in the future.
I'm sure that most of you know by now what a short-squeeze is after the whole GME thing, but it's basically short's which have to buy back in (close their shorts) because the price keeps going up.
Seeing that ICP is one of the most shorted coins in the market, there might still be a lot of shorts that have to close their position at some point in the future. This could trigger some kind of short-squeeze.
The near term targets from my previous analysis are still in play. However, I've added a short-squeeze target of $23 to my ICP outlook.
Not sure if we're going to get it, but when we do, be prepared for some crazy price action.
ICP breakoutICP has been in a descending channel since June 2021. Finally, it's just broken this channel.
Although, the prices has been continuing to decline since being listed in exchanges, Dev teams of Internet Computer are always among the most active ones with promising roadmaps (in theory).
With this breakout, will ICP make a big run to reach 100% target?
ICP Small correction before we go UP!As I told in my previous analysis, ICP broke very important 486 days long falling channel. We also broke the 4.60 resistance which is nice. Now, market is a bit overpriced since RSI are really high. So I expect small correction before more up movement till 9.80.
I will open position around 4.80-4.60 according to the reaction on that interval. Good selling point is 9.50-9.80.
This is my trial. Not a financial advice.
ICPusdt Last break200ma and channelICP after 20 months leave bearish channel and can break MA200 and bearish channel.
icp break bearish channel and compllate Pullbackk and now is free after break MA200
so close for big explde can save position
can save position on top and market not dump again can big pump and explode
GL
I THINK ON MONDAY AND LATER WEEK ICP EXPLODE BUT SHOULD MARKET SAVE AND BTC NOT DUMP.
EntryPoint:
6.300 NotSave this Resistance but break
5.750
5.520
Supports:
5.100
4.780
4.480
4.100
3.640
Resistances:
6.780
7.300
Targets:
8.115
9.273
11.000
12.000
13.655
17.344
20.557
25.540
MidTime:
32.470
38.450
47.735
HODL:
60.635
70.290
89.284
GL
I THINK 5 DAU TO EXPLODE BUT MARKET SHOULD SAVE AND BTC CAN SAVE POSITION ON NEW WEEK
GL
ICP out of steam under 6.65Looks like 6.55ish is a decent short. 6.6 for tight sl, can go in super fat if it's really out of steam.
This may be a scalp but market bullishness is pretty much exhausted IMO especially after the PPI print, so I'm YOLO'd in 20x with a massive hunk of my account and a tight SL.
If it falls, whatever it's still just a couple points but upside can be pretty good.
Keep the risk management tight, don't be a loser.
Just wait a bit for it to confirm, enter a little tiny bit, check it holds under that 6.65 point. Put more in. Put more in as it falls. 6.65 is your cut point so just size it really fast and early to watch that area.
ICP/USDTFor those holding onto ICP since forever, wait no longer. This baby will skyrocket and will drop the jaws of everyone.
Ideally, I am expecting a 1000% move upwards, but realistically will take some time to get there as it will take break stops on the way up. but buying now means your risk: reward ratio is skewed to your favour
SL @ 4.5
TP1 @ 17$
TP2 @ 30$
$ICP Major Support / Resistance flipICP looking great here still after recovering into the range and a successful checkback.
Breaking local highs here with overhead resistance at 7$.
Historically its straight up and down between here and 9.45 which is what the green circles represent. 14.58 would be the next resistance levels above that where the wave began that brought us into this part of the range originally if you look left.
Common pattern in the crypto market right now and one of the cleanest examples that hasnt already completed the return.
(ICPUSD) has good growth potential to values of $14.30Bitcoin has shown growth to values of $25,000. By April and possibly including the month of April, Bitcoin may gradually reach around $30,000.
Altcoins currently have good entry points for a mini alt season.
Stop profit trade at a 1:7 ratio.
I have selected coins that are interesting to buy in this mini alt season and that have potential for growth.
— The coin ICP is a buy point at $6.20
— The zone ICP for profit-taking is $14.30
IS ICP BULLISH? OR A FAKE-OUT TO THE DOWNSIDEWe see ICP breakout out of its descending trendline and retracing to its weekly level of 5.319
so far it has created bullish market structure in the higher timeframes (HH,HL)
I would be more inclined to entering a nice long positions upon weekly close.
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