ICPUST trade ideas
ICP Buying OpportunityThe ICP came back to life at the end of last year and increased significantly. After May, however, it declined in response to the general market decline.
But I think that decline is now over. The $8-9 area is a good buying zone for us. Especially considering that it is coming out of the downtrend.
I don't think it will go below $8 from now on, but in a possible correction in the market, it could go down to $6.5-7 and come up. This is the ideal buying zone for us because if this happens, there is a potential double bottom pattern.
My plan is to buy a large amount of ICP now and place a small buy order at the $7 level.
ICPUSDT analysis ICP - still bullish on ICP, if you guys would have follow me you would have got clear picture about this coin, since it got rejected again from my bearish liquidity zone area.
Since it's retracing it's move again , I believe we will grab liquidity from bullish LIQUIDITY zone (green box).
8.35-8.5 area good zone to buy
If it drops then we will see
7.4-7.8 - in real quick wick to move up higher to 13$, 15$ and 17$ range.
Please do follow me on trading view to get instant updates.
DYOR.
ICP bullish correctionICP is breaking down from structure with a valid bearish engulfing pattern. will force the ema21 under the ema55.
Maybe valuable short opportunity will come on the retest of the cross.
Green areas are the interest areas and
ICP failed to test the 38.2Fib makes it one of the weakest cryptos. I assume this is still because of the early days manipulation by SBF. Fundamentally, it's on the scale of solana and ethereum.
ICP bullish correctionICP is breaking down from structure with a valid bearish engulfing pattern. will force the ema21 under the ema55.
Maybe valuable short opportunity will come on the retest of the cross.
Green areas are the interest areas and
ICP failed to test the 38.2Fib makes it one of the weakest cryptos. I assume this is still because of the early days manipulation by SBF. Fundamentally, it's on the scale of solana and ethereum.
#ICP/USDT#ICP
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 7.30
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entrance price: 8.10
First target 9.05
Second goal 10.04
Third goal 11.38
SHORT #ICPUSDT30m TF. The instrument has formed a descending structure in the form of a triangle with a decrease in the highs, which indicates the strength and activity of sellers pushing the price to a break. Strong support levels have also formed, which have accumulated a lot of liquidity over many touches.
I am considering a smooth approach with trading near the levels and accelerating the tape of transactions before the breakdown.
1 TP — 9.216
2 TP — 9,148
3 TP — 9.074
Is ICP Ready to Skyrocket or continue bearish? Find Out Now!Yello, Paradisers! Is #ICP about to make a huge move? Read on to find out if this is a breakout or a fake-out!
💎#ICPUSDT has broken out of the descending resistance with a strong green candle, suggesting a potential bullish momentum. However, the price is currently facing rejection at a key resistance area. The Fibonacci retracement level indicates a high probability that the price will retest the demand zone at $8.55 before attempting another breakout to hit our target area.
💎If ICP manages to break out directly without retesting the demand zone first, there's a high probability that the price will continue its upward movement. This could signal a trend reversal back to a bullish momentum, likely reaching our target strong resistance area.
💎On the downside, if ICP fails to bounce when retesting the demand area, the price might head towards the Bullish Order Block (OB) area. If the price hits this zone, we can expect a significant rebound back to an upward trajectory.
💎However, if ICP fails to sustain above the OB area at $7.05 and breaks down below it, this would invalidate the bullish scenario and signal a bearish trend. In this case, there's a high probability that the price will continue downward and dip further.
Trade smart, Paradisers, and stay disciplined.
MyCryptoParadise
iFeel the success🌴
Internet Computer: Bullish Chart + Trade Signal ->14% PotentialICP continues its solid uptrend and has recently climbed above two significant levels. Additionally, it flashed a strong buy signal on the daily chart. Here are all the details 👇
1️⃣ Downtrend + EMA200 Resitance Smoked ✅
After hitting its local bottom at the beginning of July, ICP smashed two crucial resistances just one week ago. Almost simultaneously, it climbed above its long-term downtrend line and the EMA200. Additionally, it retested both levels shortly after.
2️⃣ Long-term U-Shape ✅
At the beginning of June, ICP lost the crucial support at ~11.6 and consequently dipped hard. However, the token has formed a U-shape pattern that points back to the previous support.
3️⃣ Just today, ICP flashed a strong buy signal on the daily chart. The EMA crossover signals an even stronger uptrend and shows solid backtest results (although based on a few appearances).
💡Putting it all together
Based on the recent performance, the chart pattern, and the trade signal, it is likely that ICP will tackle the resistance at ~11.6 next. Based on the current level, it has a potential of 14%. Logically, a break of the resistance would indicate a much higher potential.
Internet Computer ICP price shows signs of lifeAgainst the backdrop of today's software failures of millions of users around the world, it will be symbolic to consider a coin - #InternetComputer
In the previous idea, 7 months ago, there was a recommendation:
“place a pending buy order for CRYPTOCAP:ICP around $6 and wait”
The minimum was $5.80
Basically, nothing has changed globally on the OKX:ICPUSDT chart - a long consolidation, heavy protracted growth, and then the same correction.
The chart shows a 3D time frame. Therefore, this idea is probably more for those who have been holding #ICP for a long time, rather than a recommendation to buy it in an investment portfolio.
Keeping the #ICPUSD price above $7.50-8 is a long situation.
And then, if we are lucky, the price of #ICPUSDC will rise to $40 by the end of the year
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ICP Huge Accumulation - Monster Pump IncomingICP is showing absolutely no signs of slowing down here. This is a giant accumulation, and the 4 hour money flow hasn't looked this strong in ages! I would look for one last small pullback to backtest the range resistance/AR & SOS highs, maybe a little bit of consolidation on top of them, and if they hold, we're going much higher from here!
I would look for longs at these 2 levels:
$8.356
$8.557
ICP → Time to Long at $9? A Buy Opportunity Is Waiting!Since my April 24th update, ICP has fallen into a pullback, as expected. We found resistance just shy of $21.00 and then pulled back in two strong legs. Should we be bearish or bullish on ICP?
How do we trade this? 🤔
As expected, ICP found resistance at the Resistance Zone of below $21.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us below the Support Zone at a low of $5.80. We now see the price strongly responding to this are and is now above the Support Zone with a strong bullish candle closing on it's high.
It's reasonable to enter a long here given that strong bullish candle close. It would not hurt to wait for a confirmation candle but since we've closed above support, you could take a slightly lower probability trade here and have a high probability of hitting the first take profit target of $11.225. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in DOGE.
A final point of data is the RSI low and above the moving average of around 56.00. This indicates we are into the swing high and a long entry at this stage is warranted.
💡 Trade Idea 💡
Long Entry: $8.45
🟥 Stop Loss: $5.675
✅ Take Profit #1: $11.225
✅ Take Profit #2: $14.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three legs up toward a resistance zone after a breakout
2. Head and Shoulders reversal pattern
3. Two-legged pullback to the Support Zone at $8.23
4. Long entry justified at current Signal Candle close above Support Zone
5. RSI at 56.00 and above the moving average. Supports a long entry.
💰 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.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Internet Computer | ICP The price of ICP is $ 6.6 today with a 24hour trading volume of 122 million dollars, this represents a 17% price increase since last week and a 31% price increase since last month
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any Web 2.0 online system or service, and web3 services, including web3 social media services, without any need for centralized traditional IT such as cloud computing services. It also enables smart contracts it hosts to directly create transactions on other blockchains, which in turn enables the full end-to-end decentralization of online services and web3
The project was founded in October 2016 by Dominic Willams and has raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital...
now lets talk about the chart, as you can see ICP try to break the downtrend (red lines) , the price turned up on April 27 and started a strong recovery. bulls won point of control and candles are above Ema 50 . the RSI has jumped into positive territory as well. bulls also try to hit 6.9 first then 7.5$
ICP FINALLY BOTTOMEDWith the current state of ICP being increasingly bearish over the past 3 years. I feel like we have officially reached the bottom for the bears. ICP has unlocked 89.5% of the total supply. Their is only 54.49 million ICP left to be unlocked. If ICP were to remain at $7.27 the market cap would be $3.78b which is roughly a $365m increase in market cap, which tells me price cannot fall much further than it already has.
With that being said, I've marked fib levels from the highest high to the lowest low on the weekly, to figure out where ICP can go over the next 3 years in a bull market. If we're bottomed here & can form a higher high at the .286, that would provide a 6000% gain at current price .
I thoroughly believe in ICP as it is renowned in the WEB3 world & has so much potential to regain its position within the top 5. Many of you will think this post is delusional, however if theres any blockchain that can back a huge gain, ICP is definitely in the top 3.
Peace & Prosperity
As Always
- Kaia Tait.