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.
ICPUSDT.P trade ideas
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 ($19741) So it's a risky time to buy alts,, and ICP hasn't dumped all that much the last 7 days compared to other good alts.. BUT - BTC is in heavily oversold levels on the weekly RSI.. And that's a weekly DIV on ICP.
There is also a kind of double bottom on the daily. (bit messy, but it may do)
I am investing some here. (well I bought last night, and am up a few percent currently. This isn't a trade for me, no stop-loss. The stoploss on the weekly would lose to much. Could play the double bottom if you see it as such.
not financial advise.
45% for ICP with patienceI like ICP because this coin is more than 98% down from ath and it is technicaly buy without any doubts. Very nice PA here with green engulfing bullish daily candle...there should be some small pullback = my buy area = before it will go higher... i am aiming 25-40%. GL
MANAGE YOUR RISK
Bearish Scenario For ICPWe should always consider the two scenario, Bullish and Bearish, for the market. I already shared my Bullish idea about ICP with the double buttom formation. Now, let's consider the bad scenario. ICP looks like copying the same pattern which it did on May-June 2022. If the price goes down from 4$ we could expect huge dump on the price until 1.40-1.50$. Unforutenately it still could not break the ressistance trend line so we should be carefull on this coin.
#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.
#ICPUSDT V4 (Update) #ICPUSDT maybe worth it to add this coin to your Watchlist. 👀
Pree "like button" and leaving your "comments" below our ideas is a great thing and supports us to providing more ideas.❤️ (Share it with your folks)
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, borrowing, and lending, etc.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses as well so know very well what you are heading towards before engaging in it.
The information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Good luck to All.
🙏we ask Allah reconcile and repay🙏
ICP/USDT Local trendLocal trend (part of the secondary), clamping in the lower part of the channel (which was formed after the huge descending wedge broke down under the market dump). Logarithm graph. Timeframe 1 day.
Coin in coinmarket : Internet Computer ICP
Line chart.
Main trend
This is a wedge that was broken down after +40% growth and an unsuccessful retest (rationality under the market movements).
ICP/USD Main trend.Falling wedge
This is how the main trend looks now after the market dump. Pay attention to which zone the price is now.
Line chart. 3 days timeframe
Possible trend reversal Looks like ICP has found it's floor price around 4.59
Have a nice double bottom, which usually indicates selling pressure exhaustion.
Running out of room and expecting a nice move soon.
As always the safest entry would be a retest of a breakout.
NFA and DYOR 🌞
They should come out with BTC integration testnet late November, which could be huge.
That means they will tokenize an on-chain Dapps which allows users to send/receive BTC without bridging.
I would consider this as a midterm hold.
Happy trading
ICP Either OrI'm sticking to my usual MO here and setting both limit longs and shorts. I'm growing in confidence now with my accuracy so I'm going to start using 20x Leverage instead of my usual 10x, risking 2.5% of my account on any one trade. Not really concerned with Risk Reward ratio, taking any amount of profit is a positive result. hopefully one acts as a take profit for the other before I get back to my screen like ETH the other day. But If I see a position in profit, I might just take it and go again
ICP/USDT READY FOR A 50% MOVE TO THE UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ICP/USDT trade setup.
ICP looks bullish here. Breaks out from the falling wedge-like structure in the daily time frame, expecting a good 40-50% rally from here. Buy some here and add more in the dip.
Entry range:- $5.2-$5.5
Target1:- $5.9
Target2:- $6.6
Target3:- $7.2
Target4:- $8.1
SL:- $4.9
You can use low leverage here (2x-4x) according to your risk appetite.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ICP is touching the bottom of the wedge againICP is forming a somewhat WEAK BULLISH pattern.
It is at the bottom of the wedge again + doing a mini double bounce -- > both of these are bullish signs . But it's not enough to confirm a long term bullish trend.
If the coin does rise in price, the first level of resistance is the ORANGE line, where upon passing this, it has a high chance of going up.
Rejection:
The first proper and very strong resistance zone for it to get rejected at is exactly where both the FIB 2.618 and top of descending wedge meet. that would be around the $8.6 mark.
I doubt it will get there, and just be rejected $7.69 --> fib level.
Even if it breaks that, there is no guarantee of it going up because it's still lacking the volume.
My estimate is that it will get rejected at this spot and come down again ... if it even goes up to begin with.
The full story of the #ICP launch. The whole truth is revealed🔥Silly Accusations of a Rug Pull - Deep Dive into the ICP Token Launch
www.youtube.com
This analysis aims to bring the whole truth of the launch to light. The complete history of #ICP and its price analysis.
The DARK TRUTH About FTX! (Sam Bankman Fried EXPOSED)
www.youtube.com
ICP bullish scenarioThis is my view on ICP from technical perspective :
The correction from 31 th July - now is not as deep as correction on btc
Still higher low from 18th June low
The 31th July high could be an impulse wave (volume confirmed)
Any further correction below $5.2 would be a good opportunity to have spot position
Invalidation at below $4.6
(not financial advice)