Internet Computer(ICP)Has great potential! Technical Analysis Hello. Internet Computer(ICP) in my technical analysis is ready to reach 100$ for the first time in 5 months.
What makes ICP a potential cryptocurrency? :
1. RSI bullish divergence, indicating that a reversal of the previous downtrend may have occurred.
2. Fresh price breakout of bearish trendline(white dashed trendline) a few days ago, indicating a reversal of the previous downtrend.
3. RSI Triangle pattern breakout before price trendline breakout(#2)
4. Price near 100EMA. (at first this may sound bearish, but a 100EMA break may be happening soon)
5. Good amount of volume on the breakout of the white dashed trendline. Many bulls on the breakout here.
6. ICP -98% from ATH. While doesn't sound bullish, ICP has more potential to move up. In some scenarios from other cryptocurrencies, price made it back to the ATH although it was pretty far.
But before we may see ICP reach 100$, we may need some criteria before confirming ICP to reach 100$. My own criteria is:
1. Break 100EMA with good volume. This is crucial in my opinion as if it doesn't break it we are not seeing a 2x move here.
2. RSI hovering above RSI 70. If this happens, it means that price is very bullish.
3. 0.5 Fib breakout. This Fib can confirm the breakout of the 100EMA.
Forecast: if ICP fulfills the above criteria quickly it may reach $100 or the 1.618 fib by Early December. However if the criteria doesn't fulfill we may see a rebound to the lower support of the price channel.
Thank you for reading! Drop feedback in the comments below, it would help me improve! Also tell me if you think the chart is cluttered and messy.
Also, don't take this as investment advice. Do your own research first.
ICPUSDT
Possible short downside to 47-48$ for a retest of support.We are going higher for the past 3 days, but volume is getting lower on each day.
RSI is showing a small bearish divergence for the past days.
We have not yet retested the brake out line and 50day EMA with a red candle.
This is just an idea, because we cannot go up in a straight line.
We are still in an uptrend and ICP will reach higher targets in next days, weeks.
Everyone is just publishing the positive here, so lets keep in mind some small bearish scenarios too.
Keep it safe and have an awesome day!
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ICP is left out of the market, What's best zone to buy?ICP is one of the highest potential coins in cryptocurrency market but its moving in a range between 55$ and 40$ since 2 month ago!
This coin can see 78$ or higher, If this coin can consolidate its position above 40$ the next targets can be 78$ or higher for this coin.
The trend line I drew on the chart must be kept to see a breakout of current upper resistance and then a huge move up to 78$ as the next target.
Best zone to buy this coin is after breakout of the upper resistance IMO.
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ICP Internet Computer still in UptrendICP is still making higher highs and higher lows. It still giving respect to the trend line also Fibonacci level 0.382 comes near the point where trend line which acted as a support. So it may bounce near 50 area. Resistance is near 57 if it breaks that it can rally further.
$300 ICP by EOY?I believe that something like this could be the trajectory for a $300 USD ICP by the end of the year.
In the near term we could see a test of .001 with a rejection back to the diagonal line of resistance. This rejection would be provably due to a combination of BTC ripping up and/or a market correction.
Assuming that BTC lands somewhere around $100,000 by EOY I think that once FOMO kicks in ICP could see a bounce back to the .382 fib level which would land it at .003 BTC/$300 USD.
ICP BULISH MOMENTUMWhassup my fellow trades,
Just wanted to share a quick setup on ICPUSDT here, the 12h candle just broke the 200MA, trendline is also broken to the upside, you can enter at CMP and take some profits fon the fib levels:
TP 1 : 72
TP 2 : 100
TP 3 : 124
On a fudamental prespective i think ICP is a good project with a strong team and is currently in the top 25 in coin market cap and the price looks undervalued at the moment.
On that note let me know your thoughts on the projects and what you like and don't like about this coin
Cheers!!!
ICP to 100 $⬆️Buy @ 46
✅TP1 @ 57
✅TP2 @ 70
✅TP3 @ 83
✅TP4 @ 98
✅TP5 @ 115
✅TP6 @ 130
⭕️SL @ 37 ( D Close)
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#ICPUSDT Daily ChartPrice just broke through the resistance level at $55 after bouncing from the daily demand. MACD is showing strong bullish momentum, RSI is bought and price is back above EMA ribbon. It needs to close above this resistance level and break above the second resistance at $61 in order to stay bullish aiming for the 4h supply zone at around $80.
Weekly Watchlist 07 November [Crypto]In this video I break down my watchlist of 19 altcoins that I think show the most potential into this week. Ethereum and Bitcoin also appear bullish to me, so I see the entire cryptospace as bullish right now. Please note that this is not financial advice. Good Luck!
My Watchlist:
www.tradingview.com
ICP - great buy opportunity or another overhyped projectLaunched few months ago. Instantly placed it in the TOP 10 by Market Cap, but since then only dumps occurs.
Available for trade on all major exchanges (Binance, Coinbase, Bitfinex, Huobi etc.)
It looks like it is in accumulation and waiting for its moment to shine.
Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon.
For new project on this level, it will be very unlikely not to moon very hard when people spot it.
All take profit levels are market on chart. Always leave some for price discovery territory ;)
ICPUSDT # 001 ( 40 % profit within 10 Days !!! ) Hello dear friends .
ICPUSDT after broken bearish trend line resistance & retest , now broken weekly Gann Trend line resistance .
We expect to test next trend line resistance which is so good future for ICP because it will broken Gann Arc resistance at same time and will start crazy bullish rally for next few months .
Thanks for your comments.
Good luck.
ICP | Bullish PullBack After a breakout it is time for a nice and clear pull back to get more buying flow and increase volume, we need to wait for a 4H candle to close and confirm a bullish continue which will create a bullish channel.
We are also expecting to see micro traders using high margin are joining big money players that lead to FOMO price action.
ICP price at 47.10 USD, based on our forecasts for price increase is expected to be around +420.00%.
- Our option for #ICP is WAITING FOR A CLEAR 4H CHART CONFIRMATION.
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
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| Review and analysis by Samadi.Finance |
ICPUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 55 - 62 - 73
after first target reached move ur stop to breakeven
stop: ~38 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
risk is justified
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EPSUSDT and ICPUST and MIRUSDTEPS & ICP & MIR They look exactly alike . Repetitive price action behavior