ICPUSD one more drop is still possibleWhat we can see in the chart is a head and shoulders pattern.
If this pattern plays out , we will see 30 % drop
$4,20 may be a good price to buy more ICP if we get it.
Long-term we still expect $80 .
Short-term $4,20 would NOT be anything surprising.
Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
ICPUSD
Bearish Scenario For ICPWe should always consider the two scenario, Bullish and Bearish, for the market. I already shared my Bullish idea about ICP with the double buttom formation. Now, let's consider the bad scenario. ICP looks like copying the same pattern which it did on May-June 2022. If the price goes down from 4$ 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.
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
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)
ICPUSDT 1500 % gains - huge bullish diverencesThere are huge regular bullish divergences on weekly timeframe .
Bottom may be already in or it´s very close.
Huge potential long term: 1500 % gain
DCA every 25 % drop if the price breaks below the last low.
Solid project with a big team.
Web3 projects may perform very well in the next bull market.
DAY 13: #ICPUSDT (#LONG)More trading signals and their results, in my channel, link in the description
DAY 13: #ICPUSDT (#LONG)
1% of the deposit
Margin: CROSS
⚖️Leverage: x10-20
🗝Entry point: 5.250-5.300
🎯target 1 - 5.505
🎯target 2 - 5.731
🎯target 3 - 5.986
🎯target 4 - 6.287
🎯target 5 - 6.823
❌stoploss: 5.094
(PENDING ORDERS - 5.160 2%)
Internet Computer (ICP) formed bullish BAT for upto 50.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP ) with US Dollar pair.
Previously we had a nice trade of ICP:
Now on a daily time frame chart, ICP has formed a bullish BAT pattern. There is also a hidden bullish divergence as priceline is forming a higher low but RSI is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Could ICP actually break to the upside for once?If we have indeed already found are market bottom, then we may actually see ICP break upward for once in its existence. If it does the target is all the way up at $11. It’s hard to trust this asset considering how far it has fallen, but at the same time, if there’s ever a chance this one can find a way to ever set a new all time high and I bought in at this level, I would stand to make a crazy profit if I could HODL it for that long (if it ever even comes close to its ath). Most people that would take this current trade would likely probably take profits once it hit the target which is always wise, however I may buy such a small portion here that letting it sits until a possible new ath wouldn’t phase me at all…grabbing a small amount here with money I can afford to lose is worth it I won’t have to stress about when to get rid of it and if I get lucky enough to see ICP hit another ath I can take it out at that point. If it continues to dip no big loss for me as I have nothing major invested in it anywyas *not financial advice*
ICP ready for a riseICPUSD is forming the bottom.
Pullback can occur, however we don´t expect it to retest previous lows.
Mid-term target: 17 $
We expect ICPUSD to rise together with other crypto in August.
In early September after reaching the target , sell off expected.
Time to accumulate ICP is now.
In 4 day ICP will have 14 Monthly red candlesI dont know if this is the first coin EVER with 14 monthly straight red candles, but i expect a bull run atleast as long!!!
Name me 1 other coin with 14 monthly red candles without having 1 green one inbetween, absolutely insane...
Their for i expect a minimum of 14 monthly straight green candles in return.
ICP will go tru the roof very soon! Complete oversold in my opinion!
Internet Computer (ICP) forme bullish Cypher for upto 32% pumpHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP )
On a daily time frame, ICP has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.