ICPUSD
Icp - bearmarket ahead? If ICP doesn't brake above the ristance, I see a bearmarket till next year!
My targets are then 10 dollars!
Everything depents on the big investors, if they are not willing to buy soon. Bearmarket it is.
Maybe they need to wait after court untill things are cleared out? And show some more usecases before big investors are willing to buy?
Time will prove, but I still don't see enough buying power. More rejections and dumping then real support to be honest.
Plus we are dealing with a double top also..
Brake it ore make it. ICP haves a few mountains to climb anyway...
ICP - 12h. Growth prospect to $100The last weeks of trading on the cryptocurrency market give us all intrigue and uncertainty. The price of bitcoin stopped at the critical range of $48,000-50,000 and market participants calmed down. Over the past 4 weeks of trading, volumes have steadily decreased weekly from $38 billion per day to $27 billion.
The fall in daily trading volumes of bitcoin has reduced its impact on other cryptocurrencies and made it possible for new and easy crypto projects to "shoot". Therefore, while the bitcoin market is now drifting at low volumes within the limits of consolidation, we will talk about the ICP cryptocurrency.
Weekly, we analyze the TOP-10 cryptocurrencie s by daily trading volumes and record a video forecast for the week. Unfortunately, ICP did not make it into this TOP, but it got as close as possible to it.
With a trading volume of $1.36 billion per day, ICP ranks 12th and is as close as possible to the notorious DOGE ($1.6 billion). However, if you compare the local trend of these two coins, you can see that the ICP market is building a trending movement up and is ready to continue to grow.
On the chart, we can see that the consolidation in the ICP market lasts longe r than in the DOGE market. Considering that bitcoin allows alcoins to independently move their prices, the main question for an investor is which cryptocurrencies will start growing first?
It is known that there are not enough new volumes on the market for all cryptocurrencies to start growing at the same time. Therefore, first of all, you should choose those coins that have already proven their strength both in trading volumes and in activity. On the chart, we see that the ICP price did not allow updating the local lows on August 18 and 27. At the same time, DOGE is successfully updating the lows and its buyers are not yet showing any desire to actively buy.
In this example, we have shown two types of altcoin s that are currently available. The first type, such as SOL, SAND , ICP, are ready for new peaks, while others - DOGE, DOT, BNB and others - strive to continue consolidation.
Some specifics on the ICP market
The main achievement of buyers in the recent period in the ICP market is taking control of the range of $53-56:
The chart clearly shows how important this range is for market participants. Buyers have broken through this range at high volumes and now the process of consolidation is underway to continue the growth to $100. Depending on how strong the turbulence in the cryptocurrency market will be, the ICP price can start growing from either $64 or $57.
For long-term investors, this range is good for buying. In this case, the risk per position will be approximately 10-13% . This cryptocurrency is in our long-term portfolio and in the portfolios of our long-term partners, whose deposits we manage.
In case of an error, the ICP price on large volumes should first break through the $53-56 range and subsequently fix below it on a large timeframe (start consolidating). In this case, the fall in the price of Internet Computer will continue to the range of $40-45. This is another liquid zone where we will gladly buy this cryptocurrency if there is such a chance.
P.S. For the most conservative investors, you should control the ICPBTC chart and enter only after retesting the liquid range 0.0015-0.0016
It is at the moment of price fixation above this range that the security level of entering a position will be maximal.
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Conclusion is, if the banks go to failure again, you may consider to sell it for bitcoin.
The fact we are flipping our monitair system digital, and the high tech revolution is on the door, could indicate some booming economy's also. There for gold haves a few good potential dips ahead.
ICP big upside potential! = buy while it's timeThis chart really reminds me a lot of the situation at FIL in Feb 2021 ...
ICP showsnice #cupandhandle pattern after (relative) long accumulation! Moreover look at this beautifully increasing bullish volume!!!
This coin can melt our faces...
Small leverage allowed but be careful and use stop loss!!! :-))
💡Don't miss the great buy opportunity in ICPUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (64.39).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ICPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 68.67
TP2= @ 71.38
TP3= @ 76.56
TP4= @ 83.03
TP5= @ 91.83
SL= Break below S2
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💡Don't miss the great buy opportunity in ICPUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (64.39).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ICPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 68.67
TP2= @ 71.38
TP3= @ 76.56
TP4= @ 83.03
TP5= @ 91.83
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ICPUSDT Flag Pattern!ICPUSDT (4H CHART) Technical Analysis Update
Flag Pattern
ICP/USDT currently trading at $62.71
Buy-level: Above $64.00
Stop loss: Below $55.00
Target 1: $69.00
Target 2: $77.00
Target 3: $85.00
target 4: $100.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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