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Icpusdlong

(ICP) Internet Computer EOY Price TargetsDfinity’s Internet Computer (ICP) has been featured on crypto news websites more as of recently, especially after the FTX crash. There’s been rumors that they manipulated the price action of this coin because they were scared of the public finding out about its groundbreaking technology. The truth can only stay hidden for so long, it’s only a matter of time before the masses figure it out. In recent news on the ICP blockchain, the Internet Computer can now serve as a Layer 2 for Bitcoin where smart contracts on the Internet Computer coan hold, send and receive Bitcoin natively, without the need for blockchain bridges or other third parties. This provides a trust-less foundation or various DeFi and Web3 applications looking to code on the Bitcoin blockchain. This is game-changing for the industry, finally brining smart contract functionality to Bitcoin and enabling a whole new landscape of DeFi and DApp development that was previously only dreamt of. The Internet Computer’s integration with Bitcoin also provides a mmore secure alternative to centralized bridges in the form of threshold ECDSA (Elliptic Curve Digital Signature Algorithm). The implementation of ECDSA empowers the Internet Computer’s canister smart contracts, to directly conduct Bitcoin transactions without an intermediary or bridge. This provides a trust-less framework for DeFi projects that wish to use Bitcoin and doubles for ICP developers to natively code on the Bitcoin blockchain. There are now 200,000 canister smart contracts deployed on the Internet Computer. At the same time, the network is casually processing 10,000+ TX/s! This is truly an achievement showcasing the incredible ICP developer ecosystem and the scalability of the Internet Computer. Now moving into the technical analysis side of things, looking at the 12-hour chart we can see a clear pattern of capitulation, manipulation, and accumulation. This pattern was seen from $975 on ETH in the summer and this looks eerily similar for some reason. I know Vitalik has said in a small press conference with no major media outlets that Dfinity’s Internet Computer was a sister network to the gargantuan ETH blockchain, but didn’t expect the charts to coincide like that. Anyways, the capitulation period during the start of November was accelerated by the FTX crash & accompanying ripple effects, and then for the rest of the month we spent in manipulation underneath the major accumulation zone found from the lows formed in the summer (July capitulation event). From here, i’m expecting continued consolidation around this accumulation region at $4.30 - $4.60 before an eventual breakout to my (2) target profit levels: TP1 🎯 $4.99 TP2 🎯 $5.59 The first $5 level acts as this range’s EQ with the top of the EQ being TP2 @ $5.59. The accumulation zone is phenomenal for long term scooping and could potentially come out as a bottom. Although it may occur, i’m not expecting one giant candle upwards, it’s going to take some time to play out as we just 1st touch rejected off of the $4.60 level. You can zoom back in the charts and find that is the swing low from the July capitulation event. Huge level of support turned resistance that we are currently trying to breakout from. As always please do your own research, I am not a financial advisor.
Long
by kyer
ICPUSDTICP wants the breakout after the price created an amazing descending channel If the price is going to have a breakout. The price reached the support line and after showing signs of support our long signal was given and then the price reached our target at the first resistance line. The ICP breakout and close above the resistance zone now turned it into support. Additionally, the price broke a channel pattern that indicates a bullish intent. You can look for a potential buy setup in the $18.2 to $20.03 range. Around $22.30 and $24.50 is the resistance level. 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. ICP has been scraping the ground of heavily oversold RSI areas since January. there's a optimistic gaolbreak within the candle chart additionally on the 1D timeframe and it's attainable the subsequent bullish situation and targets play. ICPUSDT 📈 TYPE- LONG Leverage : 5X - 10X CAPITAL : 5% ✅ENTRY :- 18 - 19 🚫Stop-loss :- 15 (depending of ur risk) 🎯 Target 1 :- 20 🎯 Target 2 :- 22 🎯 Target 3 :- 25 🎯 Target 4 :- 29 🎯 Target 5 :- 32 🎯 Target 6 :- 35
by cryptopholic1
ICPUSD possible next movement First of all Thank you to those who followed me and I reached a milestone of 50 followers ,it is just a starting of a new journey hi, as you all know about ICPUSD from where it started and where it is Right know its been a long journey for icpusd As you can see my previous analysis on ICPUSDT we were long till 80 and then we long it again from 78-79 to 85 Here my next ICPUSDTANALYSIS it is very very very risky trade manage your risk small positions only.. and put stop loss around 50 I marked entry points and targets to achieve. These are my targets exit wherever you are comfortable with the profits. Like and comment what you think If you are new to my profile check my previous analysis if you like that then follow me for future updates
Long
by ProfessorMH
4