ICPUSD
LONG on $ICPSorry the chart is a bit messy. - Not a lot of data here so far.
AI Signals on the short term buy for a 15m timeframe shows long: We still have gaps to fill on the VPVR to reach a unimodal distribution, currently showing a bimodal distribution and those gaps need to be filled.
One second derivative is hit on the VWAP we will go flying sky-high.
The
@dfinity
Foundation currently has nearly 100,000 academic citations and 200 patents.
+ Dfinity is one of crypto’s most well-funded and publicized projects
+ Mainnet launched May 7, token is slated to launch May 10
+ It has raised the most non-frozen funds at $160m to date
- Via Messari
Get your astronaut suits on and get ready for a big launch while this thing flips Ethereum .
Waiting for re-test in $264, possible buy opportunity.ICP is falling again to the support area at $264. Good Volume is important to decide if we are going to enter a buy position. The problem right now with ICP is that many investors don't understand this new blockchain technology, even me. For many of us what we don't understand is a red flag but who understands ethereum in 2014 or bitcoin? Maybe this is the next blockchain era or maybe not.
ICP is already in the top 9 crypto market cap. But, with the low volume is having in the past day I don't see a huge increase in price in the short term. Stay tuned to see how ICP behavior is when reaching the support zone.
LONG on $ICPChart Pattern:
Pennant formation here. Not a lot of chart data but almost a perfect pennant currently. Possible breakout?
Technical Indicators:
Clouds: Trading inside the cloud, could mean still bearish but the formation seems extremely bullish above.
Williams: Fractal popped up but then failed, indicating we could be going bearish , but I'm waiting to see if another set of fractals potential appear as we have had major positive price action so far, with just a small lull of a 'correction' here.
Fundamental Analysis:
Internet Computer is a new blockchain technology with fundamental breakthroughs such as orthogonal State, elimination of databases, elimination of need for VPNs, Firewalls, or cloud computing instances, as well as the ability to create hyper-speed blockchain based applications.
They have also developed a new static-typed/strong programming language called Motoko to develop these applications, but you can also use anything that can be compiled down to web assembly.
The blockchain also offers a universal identity system, the ability to deploy canisters by paying for 'cycles' via their Network Nervous system, as well as an advanced tokenomics system.
The project has been in the works for 5 years and solves many of the issues Ethereum currently has at the moment as well as being available to use now.
I believe this will be the blockchain of choice for many developers and allow for a new set of applications that were never before possible on the EVM ( Ethereum Virtual Machine).
ICP: Newly marketed coin; Cup and Handle pattern + Bullish flag#1 first ICP analysis.
I don't think ICP has peaked in interest in the mind of the people, in the following hours I predict an inflow of money into DFinity's coin, which just newly had an entrance on the coinmarketcap list, with a whopping 54bil$ market cap, cementing it's role as a future top tier Crypto. With its new revolutionizing technology - I foresee a definite spike in price over the coming weeks, when people finally open their eyes.
Bullish flag on the 15min. and possible cup and handle pattern.
I believe this is the dip on the 15min we've been waiting for... if you're shorting ICP.
Bought this dip, doesn't mean you should; I bought at 375,2$.
Long:
TP1: 485
Remember to set a stop loss :), highly volatile coin.