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(ICP) Internet Computer EOY Price TargetsDfinity’s Internet Computer (ICP) has been featured on crypto news websites more as of recently, especially after the FTX crash. There’s been rumors that they manipulated the price action of this coin because they were scared of the public finding out about its groundbreaking technology. The truth can only stay hidden for so long, it’s only a matter of time before the masses figure it out. In recent news on the ICP blockchain, the Internet Computer can now serve as a Layer 2 for Bitcoin where smart contracts on the Internet Computer coan hold, send and receive Bitcoin natively, without the need for blockchain bridges or other third parties. This provides a trust-less foundation or various DeFi and Web3 applications looking to code on the Bitcoin blockchain. This is game-changing for the industry, finally brining smart contract functionality to Bitcoin and enabling a whole new landscape of DeFi and DApp development that was previously only dreamt of. The Internet Computer’s integration with Bitcoin also provides a mmore secure alternative to centralized bridges in the form of threshold ECDSA (Elliptic Curve Digital Signature Algorithm). The implementation of ECDSA empowers the Internet Computer’s canister smart contracts, to directly conduct Bitcoin transactions without an intermediary or bridge. This provides a trust-less framework for DeFi projects that wish to use Bitcoin and doubles for ICP developers to natively code on the Bitcoin blockchain. There are now 200,000 canister smart contracts deployed on the Internet Computer. At the same time, the network is casually processing 10,000+ TX/s! This is truly an achievement showcasing the incredible ICP developer ecosystem and the scalability of the Internet Computer. Now moving into the technical analysis side of things, looking at the 12-hour chart we can see a clear pattern of capitulation, manipulation, and accumulation. This pattern was seen from $975 on ETH in the summer and this looks eerily similar for some reason. I know Vitalik has said in a small press conference with no major media outlets that Dfinity’s Internet Computer was a sister network to the gargantuan ETH blockchain, but didn’t expect the charts to coincide like that. Anyways, the capitulation period during the start of November was accelerated by the FTX crash & accompanying ripple effects, and then for the rest of the month we spent in manipulation underneath the major accumulation zone found from the lows formed in the summer (July capitulation event). From here, i’m expecting continued consolidation around this accumulation region at $4.30 - $4.60 before an eventual breakout to my (2) target profit levels: TP1 🎯 $4.99 TP2 🎯 $5.59 The first $5 level acts as this range’s EQ with the top of the EQ being TP2 @ $5.59. The accumulation zone is phenomenal for long term scooping and could potentially come out as a bottom. Although it may occur, i’m not expecting one giant candle upwards, it’s going to take some time to play out as we just 1st touch rejected off of the $4.60 level. You can zoom back in the charts and find that is the swing low from the July capitulation event. Huge level of support turned resistance that we are currently trying to breakout from. As always please do your own research, I am not a financial advisor.
Long
by kyer
🔥 ICP: Will It Finally Break Out Of The 1-Year Bear Trend?Over the course of the last year, ICP has simply been selling off. No fake outs, no sideways, just going down only. In my last ICP analysis I was looking at the same bearish trend line. Back then we were in a similar position as now, close to (finally) breaking out, but not there yet. Next couple of days are going to be important for ICP's longer-term trend. If we can't break out, expect further selling for the next 1-2 months. If ICP will break out, it could just be a minor bullish move or it can be the start of something greater. For now, I keep my targets close at $6 and $8.5 respectively.
Long
by FieryTrading
11
Internet Computer | Looks Weak But... (70-124% Potential Growth)The Internet Computer vs Tether USD (ICPUSDT) chart looks weak, I'll give you that, but out of weakness comes strength. From small to big. We are born babies, we become children and we grow. No wait... A seed is tiny, completely sealed, it is so small. You plant the seed, water it, nourish the soil and it grows. It can turn into a huge tree, it becomes BIG yet it starts from something very small. Ok nevermind that. 10-November we have a strong reversal candle. 21-Nov. we have a lower low compared to 9-Nov. and also compared to 13-June but the volume is so much lower. You see lower support levels being hit while the bear volume continues to decrease. This is a bottom signal. The past 6 days ICP closed green. Yes, the chart looks weak but 6 consecutive green days is always positive. The charts can always change... But ICPUSDT is likely to grow in the coming days. Namaste.
Long
by MasterAnanda
23
IcpUsdtICP good fundamental but big drop and when can leave this channel we dont know but now market on big fear now need break middle of channel before this is not more safe little wait we know have chanse for pump but for safe entry can wait. for HODL this time is good and enter on this analyse Entrypoint for long time 1$ or 2$ not more diffrent for HODLERS GL EntryPoint: 3.574 Supports: 2.717 1.917 1.229 Resistance 4.185 4.333 Targets: 4.618 5.480 6.294 7.230 8.805 11.320 Mid time: 15.559 18.371 23.362 36.599 50.307 75.537 HODL: 118.336 162.658 244.236 remember this HODL POINT can never happen so better focus on close taregts you can see all targets can happen higher targets on chart so better u set with ur strategy HODL or daily or any ur trade strategy
by Shivaz
2
ICP's price trend was in the low-range timeframes!During the last two weeks, ICP's price trend was in the low-range timeframes. After the last bearish wave took the price to the $3.5 support level, we could have expected a range trend with a positive reaction the next day, November 10. In the second encounter to the support of $3.5, a positive reaction has been observed again. But the resistance that prevents further price growth is considered in the range of 4 to 4.17 dollars. which has prevented price growth many times in the past few days. As you can see on the daily time frame, the price is in the upper half of the long-term descending channel, and on the other hand, the failure to break the $3.5 support could be a sign of possible upside for the medium term. For the short-term, an ascending channel has been broken downwards in the 1-hour timeframe, which short-term upward movements can be considered a pullback. Short-term support is in the $3.60-$3.62 range, and a positive reaction is expected from this area. Therefore, if we have support in the market and the floor of $3.5 is not broken, we can expect the price to grow to $4, $4.6, and $5 targets from this range.
by MonoCoinSignal
2
ICP - too much blood. Big bounce!Hi guys, hope you are doing fine. Till now I never touched ICP and invested not even 1$ to this project. It was because ICP were just too expensive according to cirr. supply. To be honest I shorted it before :D. I belive now is the time because I dont belive the project is dead and they have some technology behind. Of course we had FTX drama but right now for ICP its over. Project is still in top 100 coins it would be stupid not to open long right now when BTC its on its ATL according to halvings diagram. Does BTC can co down? Of course, because whales can play with us as much as they can. Maybe they will dump BTC more to make more panic on the market. Who knows. Maybe this is their plan, because a lot of people got educated and they understand how the cycles works. We will see. According to the book, I oppened many longs after FTX crash, and I do not expect more big crashes anymore. Take care!
Long
by KoDPrey
2
ICPUSD: A massacre coming to an end?- The Price Chart is demonstrating a nice 18 candles sharp fall (some 99.87% from the top); - RSI (2) is indicating two positive divergencies of which, one is a one year and the smaller one is a local, or short term (this is considerable). - Technically, wave-counting shows that ICP can be at the end of its' massacre. - Many have been ran over by losing huge amounts of money on this HYPE. - for the next bullrun I expect ICP to touch some rough targets of 80 - 130 USD. - Fundamentally, nothing appropriate can be realized (this is odd, but it is truth). This is not a financial advice.
Long
by Morteza-Emzajerdi
6
ICP Unchained?Bearish Idea ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5. Bullish Idea FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a chance ICP to get rid of it's chains. In that case, if it can break the upper trendline(the black one), then we could expect more rise up to 9.80. For the both case, I think we should wait for the comformation. Not a financial advice. I am just correcting my previous graphs.
by Dantefe
2
ICP-USDT weekly bull div on RSI.There is a pretty good buy signal on the weekly for me. ICP has been performing pretty well against BTC the past week. BTC is currently dumping below 20k again as I write this ($19741) So it's a risky time to buy alts,, and ICP hasn't dumped all that much the last 7 days compared to other good alts.. BUT - BTC is in heavily oversold levels on the weekly RSI.. And that's a weekly DIV on ICP. There is also a kind of double bottom on the daily. (bit messy, but it may do) I am investing some here. (well I bought last night, and am up a few percent currently. This isn't a trade for me, no stop-loss. The stoploss on the weekly would lose to much. Could play the double bottom if you see it as such. not financial advise.
Long
by sopla
10
#ICPUSDT Bullish breakout rade setup: Bullish breakout from Falling Wedge pattern, which can be a reversal pattern (bullish) once price breaks out. Price could rally to $7-8 resistance area. (set a price alert). Patterns: Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium Support and Resistance: Nearest Support Zone is $5. The nearest Resistance Zone is $8, then $10.
by Cryptbergofficial
1