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ICPUSD

Internet Computer (ICP) • Potential setup ICP is looking here good for possible entry with clear stop under the recent local low. Worth to explore long setup here. Like many other alts this is an illiquid market and heavy dependent on what happen to Bitcoin and rest of altcoin market. This can quickly go to zero so be careful with risk allocation. ICP is highly speculative. I also outline few interim target zones where we are likely to see some resistance. Trading bellow $38 invalidates setup.
COINBASE:ICPUSDLong
by D7R
2
ICP - Bottom inICP just went through a ton of FUD, which tbh seemed legit as a lot of serious questions did not go properly answered by the team. That being said, if the Dfinity foundation did unload a ton of tokens, it's possible they are finished doing that now. No need to look at the HTF as it's terrible, but zooming in on the lower time frames suggests a possible reversal underway. Not a trade I'm taking now as the project valuation is still massive, but worth keeping an eye on.
by crossedfingers1
2
ICP Continued Short Success(es)Initial recommended short opened at $48 is 26% in profit, with leverage huge success. ICP still following descending channel, volume is extremely bearish. Looking at a second test of $30, if broken; TP @ $28. If liquidation is above $58, recommend against closing the position until $9 (taking a 2X multiple of fake quoted VC price of $4.50, believe we could see a renewed scalper attention at this level). With the CEO of Dfinity, Dominic Williams stating a proposal of Kusama esque move for ICP that has gotten an extremely negative response, and Dfinity/VC’s controlling ICP’s governance making the proposal more of a stated direction, this move would have a large negative effect on price. If the BDL token is launched, I’d recommend immediately shorting it. Also, believe Huobi and OKEX are offering the capability of shorting ICP. FTX has for awhile. Please no Dfinity/ICP shills, just a followup on a successful trading recommendation.
COINBASE:ICPUSDShort
by Mattysalads
5
ICP - Trade SetupICP looks a bit like KSM. The only difference is that the second support level is so low that I don't see it happening. but still be careful! The sell volumes are high and I think this local support is good enough for holding the price up. In this case, the price might consolidate in this price range. Don't do any short-term tradings for now because those 2 resistance areas are strong and our of the Bollinger range so we need the market to recover, before crossing those areas. Might happen this weekend! Let's see how BTC plays. Current Market Price: $40 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
1
ICP Short Success + New AnalysisSo far ICP after its 96% free fall began trading in a downward channel, which its respected the upside (tested twice on dead cat bounces by scalpers) and went directly to the bottom of the channel (56% loss). The buyers are not strong support as they’re buying to scalp due to the asset falling 96%, and aren’t long term holders. The last time the upper boundary was tested, it was immediately slammed to the bottom of the channel (50+ % loss). The short I recommended taking at $52, I would take profit at $25. I do believe Bitcoin will retest $40,000 and go into a renewed bull rally, as it’s way oversold, but I do not see a sustained ICP rally, nor it moving above $60. If not already in a short, I would wait for the Bitcoin daily close, and if ICP is up more than 10%, open a short position and take profit at $25. More exchanges are supporting shorting ICP, I currently use FTX perpetual, but I believe Huobi also have opened the ability to short ICP if you already have an account there.
COINBASE:ICPUSDShort
by Mattysalads
2