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ICPUST trade ideas

ICPUSDT.1DOn the daily chart for Internet Computer (ICP/USDT), the price action is showing signs of a potential trend reversal. After a period of decline, indicated by the descending trendline, there's a notable bullish candle that has broken through this trendline, which might suggest the beginning of an upward movement. The price is currently at $15.566, with the next key resistance level at $17.734. If the price can sustain above the trendline and move past this resistance, it could indicate a stronger reversal and the beginning of an uptrend. The support level at $10.954 is critical; holding above it is important for the bullish case. For traders considering a long position, entry near the breakout with a stop loss below the most recent swing low could be a strategy, aiming for targets at the resistance level and potentially higher if the trend continues. Conversely, a drop below the support level may signal a false breakout and a resumption of the bearish trend. As always, monitoring volume for confirmation and employing proper risk management is advisable.
by MarsSignals
ICP/USDT Shows the price will back test before back to upward!💎 Paradisers, the recent market dynamics surrounding #ICP have indeed been noteworthy. 💎 Previously, when ICP hit the support, it bounced back, and now it appears that the price will retest the support area. However, if ICP fails to bounce, the next likely stop is the Bullish OB area. 💎 A potential scenario could see a strong bounce if ICP reaches the Bullish OB area. If this occurs, there's a possibility that the price will resume its upward movement and head towards the strong resistance. This aligns with the overall bullish trend, characterized by consistent higher highs. 💎 On the other hand, if ICP breaks below the Bullish OB, it may signal a shift to bearish sentiment, resulting in continued downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
ICP- Correction over and rise to 22 next?As you're aware, I've been very bullish on BINANCE:ICPUSDT during this bull cycle, consistently predicting growth, with the last target at the 20 zone already achieved. Following this encounter with resistance, the coin began to reverse course, entering a correction phase, and yesterday it reached support at the 15 zone. I believe the correction may be over now, and I anticipate a new upward movement, possibly reaching levels around 22.
Long
by Mihai_Iacob
6
ICP: Bullish Flag Breakout !!!ICP has been trading in a clear ascending channel on the daily timeframe. The price has been respecting the channel boundaries and making higher highs and higher lows. However, the price recently made a fakeout below the lower trendline, which resulted in a strong bullish reaction. The ascending channel: The ascending channel is a bullish pattern that is characterized by two parallel trendlines, one connecting higher lows and the other connecting higher highs. The price typically breaks out above the upper trendline, signaling a continuation of the uptrend. The fakeout: The price broke down below the lower trendline of the channel on March 8, 2023. However, this breakdown was a fakeout, as the price quickly reversed and rallied back above the trendline. The bullish reaction: The bullish reaction to the fakeout confirms the bullish trend and suggests that the price is likely to continue to rise in the near future. The bull flag: The price has since formed a bull flag pattern. The bull flag is a bullish continuation pattern that is characterized by a period of consolidation following a strong uptrend. The consolidation period typically takes the form of a pennant or flag, after which the price breaks out and continues its upward trend. The breakout: The price is now approaching the upper trendline of the bull flag. A breakout above this trendline would confirm the bullish continuation pattern and suggest that the price is likely to reach $25.
Long
by Yaroslav_Krasko
3
Internet Computer (ICP)On the above 6-day chart price action has corrected 97% since August 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Stochastic RSI resistance breakout. 3) Regular bullish divergence as measured over the last 2-3 months. 4) Falling wedge breakout + support. 100% upside target projected. Is it possible price action corrects some more? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Long timeframe: This month Return: 100% in the 1st instance
Long
by without_worries
13
SHORT #ICP continuation of the correctionSHORT #ICPUSDT from $16.55 stop loss $17.5 Earlier, this instrument showed excellent growth, upon reaching the $ 21 mark, a sideways movement began inside which the activity from the buyer fell sharply + there is work with upper liquidity, the price formed at the current hourly level with two touches, the breakdown of which I will consider, trading volumes continue to decline, I expect to see a continuation of the correction with the potential to move to overlap the marked 4H imbalance from below after the breakdown of the level
Short
by CScalp_EN
1
ICP → Going to $10 or $30!? A Reversal May be Coming.ICP has printed three pushes up in a bull channel, reaching $20.90. It is currently holding its position above the Daily 30EMA. Is it time to short? How do we trade this?  🤔 We do not yet have a short signal near a key resistance zone. Three pushes up after the breakout into the bull trend is a sign to start looking for reversals, but we have yet to see a reversal pattern or signal candle on the Daily or Weekly timeframes. Bitcoin may have one more push up before it reverses, the alt coin market will likely follow that pattern. and that includes ICP. The next resistance area for ICP is around $23.00, which is at the top of the bull channel and near the resistance zone. If we get a sell signal bar and preferably, a confirmation bar closing on or near its low, a 1:1 short scalp is reasonable. 💡 Trade Idea 💡 Short Entry: $21.70 🟥 Stop Loss: $28.00 ✅ Take Profit: $15.40 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three pushes up into a bull channel after a of the current support zone. 2. Price action is above the Daily 30EMA and in a trading range. 3. 27% gap to the top of the bull channel which is near the resistance zone. 4. Target the resistance zone for a sell signal bar around $21.00 5. RSI at 63.00 and below the Moving Average, supports short bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Short
by TraderEngineering