ICP/USDTOn a daily timeframe, ICP is trading near the major support of $38 - $40 and has already tested it. You can open the position near the support area. The local resistance is $44 area, and the major resistance is $48.5 - $50 area. ICPUSDT is suitable for the mid-term. The next support after $38 is the $34.
ICPUSDT
ICP falling wedge1W/1D Charts
ICP forming a falling wedge with contracting price action and higher volume coming in at the low.
Bullish divergence on the MADC daily and current weekly candle is engulfing.
This ones been falling since inception so would want to see a clear reversal before buying into it.
Ive bought a small amount at $20 to continue to DCA into my position
Internet Computer (ICP) 's 5 tasks on the 4h chartICP's 5 tasks on the 4h chart
1. break the EMA125
2. break the RSI resistance
3. break the OBV resistance
4. break the volume resistance $25.20
5. confirm breakouts and have fun
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ICP forecast and possible price movements variantsTheoretically, the price of ICPUSDT is trying to find the bottom and round up.
Increased trading volumes signal that a struggle between buyers and sellers begins near important levels.
The history of ICPUSD is not very long and there has not been a clear historical minimum yet, we can only guess about "the bottom of the price of ICP" and forecast several variants of the price movement in the future.
This is what we will do:
1. Yesterday when the BTCUSDT price went down, the ICPUSDT price was holding quite well and pushing up - this is a good signal that there are still buyers, who are interested in ICP.
2. If the enthusiasm of buyers for ICP will not fade in the coming days, then from above we can meet the zone of $28-31, where sellers can aggressively activate.
If the buyers win the area of $28-31 and fix the price of ICPUSD above it, it will mean that the buyers are very strong, and they managed to break the falling trend. In this case, the target for growth is up to $56-57.
4. Smooth movement to the right with a gradual and not sharp rise in price will round up and reverse the trend, but before mid-spring you should not expect a more or less decent price to sell your ICP.
5. The price drop below $19 will mean that buyers have given up, and without a buyback, ICPUSDT price can continue to go down, up to $11 in the most negative scenario.
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Internet Computer Bottom Pattern, vs Tether (222%+)I like this pair, ICPUSDT, and today we find a break above EMA10 after the formation of a bottom pattern.
We have a volume breakout yesterday and nothing more.
We have this few signals but, additional bullish action is needed before we can confirm a price jump.
The early signals are in though, ICPUSDT trying to change course.
Namaste.
ICP - Internet Computer Protocol - HoldThis is an interesting one to watch, just going off TA this is a buy I don't even have to view the project (hold)
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ICP recovery to USDT 22.00 and above, short gain opportunityBased on TEMA 4-hourly chart, this is the beginning of the recovery trajectory and not a likely upwards trend. Profit target of USDT 19.90 is highly likely and USDT 22.00 and above very much possible within the next 96 hours or so. Stop loss IMO at USDT 18.39 or less.
ICP - is going to breakout this resistance?A trend line can be identified on the ICP chart. Yesterday the price made a false breakout after which the price corrected slightly. In case of a squeeze and a repeat breakout, there could be a good buying opportunity. A squeeze and breakout of the key level of $22 could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ICPUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Perspective a couple of months.
Entry: market and lower
Target: 40 - 55 - 73
after first target reached move ur stop to breakeven
Stop: ~22 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
2 Scenario for ICPICP is a victim of VC's. I have no idea why the the team messed up on tokenomics so much. I believe ICP drawing a Falling Wedge on Log Scale. It touched the lower band of that falling wedge. Since it is a long run investment for me, I bought some ICP on 19$. There is a FED meeting on 26 and I believe Market will decide its direction after that meeting.
In any case, Lets make our guesses.
Scenerio 1: ICP will increase to the 30$ range and break that pattern to upside and more increase can be expected.
Scenerio 2: ICP will increase to the 30$ range and fall back to the lower band again... I hope not, but I am still saving some money for this case.
This is my trial. Not a financial adviice.