ICP, what should we expect in the near future?Today let's analyze the global and local picture on the ICP chart.
ICP broke the global trend line. After that, we got a strong impulsive move towards $38 level, which currently acts as resistance. It is worth highlighting the big volume at the bottom of the chart. This is a good signal. In case the resistance is overcome, the price is likely to head towards the next marked area.
Locally, we would like to highlight the key level and increase in volumes at the bottom of the chart. In case of breakdown of the key level, there could be a good opportunity for buying.
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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.
ICP
ICP >90% Retrace Support PlayBINANCE:ICPUSD is Bullish. After retracing 90% this is an investor's dream bottom play. Play the support/resistance lines as it works its way back up or hold long.
- 50% Position Buy @ Support
- 50% Position Buy @ Trendline Breakout
This is one of those plays that may not go right away. Low risk buy if willing to hold. Opportunities to play the range for traders.
🔥 ICP Breaking The Devastating Down TrendOne of the major losers of the last year has to be ICP. The Binance ICO was one of the most volatile ICO's in recent history, but in the end it didn't mean anything. Apart from creating huge amounts of bag-holders.
However, over the last two weeks ICP has regained its positions in the spotlights. With the market falling, ICP and a handful of other cryptos are showing massive resilience and are actually gaining value.
Over the last couple of days, ICP has both broken out of the bearish trend and re-tested the bearish trend line to turn it into support. After such a long period of bearish price action, this is quite a bullish signal. Think about SHIBA for example; long down-trend with an explosive move to the upside.
Targets are placed at recent highs and lows.
Happy trading!
ICP - Under the Strong ResistanceHello everyone , today i'm gonna check the ICP chart and as i see icp Under the Major resistance , so actually there is two senario here , if breakout incoming we can expect to see 55$ but if not double top pattern Reject ICP to 28$ , so just wait to breakout or you can sell here if double top confirm , so if you want to go buy do not trade in this area , hope you have a good day
NOT FINANCIAL ADVICE
ICP is The King of the Web 3.0If the 2022 will be the year of the Web 3.0, ICP will be the star of this year. Looks like it broke its falling trendline and finished its retest on daily frame. SuperTrend also gave buy signal on daily frame so I believe its time to go UP!
This is my trial. Not a financial advice.
icp going back its levelfirst of all, I am not up maxi.
I am here showing purely ta . in my ta it looks for patterns, indicators, etc...
you can see rsi is crossed above sma and sma is bending which shows bullish and the change of trend. this is based on weekly so you may see some volatility.
as in macd signal line is started to change its trend and ema is crossing signal line in macd which is bullish and a golden cross over. however this indiicators or pattern can change but this is what it going to for now.
ICPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We have the R1 line which the price broke and it gave us good profits. There are two scenarios for the price: 1) it will go up and break the R2 resistance and go all the way up to around $48. 2) it will be rejected from the R2 line and will fall back to the S1 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
IM NO SCHOLAR!!!! but I tend to be rightive placed a (1,2,3,4) and a (A,B,C) correction.... so far it has done a 1-2 correction I expect IPC to be huge.
Once ICP hits double money at $54, there could be a scalp again at $38 or just straight through up
to $54 and after that a sell off to $30-$33.....
HEAVY BUY at RETRACE---- sell at $76 for scalp or hold---well see
ICP Hold for a lifetimeNot Financial advice.
After looking at this chart, I have a lot of confidence that this might be one of the best projects in crypto. (Zoomed out for weekly - awaiting data on monthly)
Short term you will see this make its way to lower 40s ( I believe a slight pullback before breaking the 200 MA) 200 MA is at 44 on daily.
This has a low supply of coins in comparison to most crypto.
The current market cap is 6.3 Billion $33 So a ten X isn't out of the question. $330 per coin.
I do believe this has the ability to get into the top 10 by 2024 - You have to read into the project and see how things are panning out.
Integration with BTC & ETH - thats going to be a game changer.
NFTs - Exchange - Games just like most - The speed simply can't be matched. I see this becoming the best to build on web3
DYOR
Time to buy ICPIt has been on a downward trend since the ICP hit $ 87 on September 6, 2021. After 4 years of decline, finally at the end of 2021, positive movements have been seen in it. This uptrend started after breaking the downtrend line (red) in the 4-hour timeframe.
Eventually, after breaking its medium-term downtrend line (blue line), it was able to take an uptrend.
But with the fall of Bitcoin in the last day, this currency has not been safe from falling, but it is still in its upward channel. Shown in 4-hour timeframe.
If bitcoin returns from this area, we can expect good growth from icp.
On its way up, it first resisted the $ 38 area it is expected to cross.
After crossing this area, it can easily reach the price of $ 58.
ICP setting up nicely on the daily chartSimple analysis on ICP pair based off previous ATH, using trend lines and resistance.
Possible strategy for entry and exit points shown below:
Entry - 31.59
SL - 27.80
TP1 - 34.03
TP2 - 38.02
TP3 - 50.98
TP4 - 57.24
Personally I will be taking profits along the way, but holding it until the end. Good luck!