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Internet Computer

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ICPUSD trade ideas

ICPUSD Range boundICPUSD seems to be range bound after hitting the overall fib level which is the 1.618 and on the local level it's sitting at the 0.886. You cant confirm that it's technically rangebound on this asset with the data presented but it definitely acted as support before breaking below and haven't retested it since. One could infer that at these levels, Bitcoin willing, that we would see buying pressure come in and we will retest these levels as resistance, confirming the hypothetical range that we could be in. SL and TP levels are highlighted in this position and with this asset I highly recommend using this tight SL with how volatile it is. Best of luck and keep educating yourself! Drop a comment and let me know your ideas!
COINBASE:ICPUSDLong
by YouKnowTheVibes
2
mere speculation of the coming weeks.Hey again, THIS IS TOTALLY just speculation. I'm deciding to trade a bit more on the bearish side. I can't wait for BTC to pick up the pace, but I'm going off of the fib lines and I'm not yet confident it's ready for a bull market. I do sense a generous pull back down into sub 30k levels and as such the alt coins will be affected by this, one of my favorite coins (ICP) that has been trading pretty closely with BTC (though a bit undervalued relative to it, just in my opinion :P ) will likewise decline. of course if the wedge(pennant?) breaks upwards and a trend begins I will trade bullish on ICP and this chart will mean essentially nothing, so do NOT place faith or anything, this literally was thrown together by me ( a rookie) in a matter of 15 minutes. I'm just saving it here more for my own reference :) we'll see what happens! If anyone has any ideas or inputs, let me know! Be safe out there guys, and DON'T OVERLEVERAGE, that's exactly what they want you to do, and why bear markets become so strong. margin calls create a domino effect of more margin calls and the short positions increase and it just continues. Don't become a statistic.
COINBASE:ICPUSD
by scindo
1
bullish falling wedge perhaps.hey there, this is just an idea. (I'm still fairly new to charting) I know the controversy behind ICP that caused such a quick decline, however I think there is an impending breakout, just a gut feeling. As of today (May 26th) Dfinity- the company behind ICP opened a new fund for over 200 million USD for ICP's production, may be a bit of a perk up for it. Of course this is all speculation and I'm not a financial advisor, but even if that doesn't create a bump, it does resemble a falling wedge, at least from my perspective, though I may have charted it wrong because I'm a noob. I welcome input! Thanks everyone.
COINBASE:ICPUSDLong
by scindo
2
Beware the Dead Cat BounceHi folks! ICP is an amazing project, so it is definitely worth following in the time to come. However, it should be very clear to every investor that it is time to sell risky assets when you see even riskier assets starts exploding due to pure manic speculation. As you all know, this manic speculation is what we have seen in the last months, and I believe we need a serious wipe out of these bullshit assets (as in every bubble) before taking a big position in great projects such as Internet Computer, Cardano and Polkadot. To me, this bounce looks very much like a Dead Cat Bounce, and most interesting assets (BTC, ETH, ADA, DOT, ICP, FIL) looks to develop a bearish divergence ATM. My advise if you play the long game and are not already all in, just wait until you see the wipe out before placing a BIG chunk. For the recond, I am a strong believer in DeFi - or at least a much more democratic and much less discriminatory financial system - but to get there, the crypto space must be regulated in a way that protects against scams and high leverage trading for the world to focus on understanding the technology rather than price speculation. Like in every bubble, there are great assets which will thrive in the future, as market bubbles usually happen due to the excitement surrounding new ideas - but it is never a good time to invest when everything explodes if you are a HODLer. DYOR.NFA.
BINANCE:ICPUSDShort
by TheDots
ICP : Ground breaking!Friends! I am so excited about this project. Speaking as a software engineer myself, ICP is the end game of blockchain technology. Being able to build and publish applications to a "cloud" that is not owned or regulated by any one entity is the ultimate service. right now almost all software services are hosted on cloud services owned by one of several major hosting services. Amazon web services, Pivotal Cloud Foundry, RedHat, Google Cloud are some of your major players. These cloud service providers have full control over the customers account and supreme authority over who can and who can not use their service. one recent incident is with the social media app PARLER. Parler was started with the goal of providing unregulated and free social expression via their phone app. Due to "poor timing" and negative media, Parler found itself outcast by big tech. The reasoning behind this is debatable but nonetheless, Parler was offline almost overnight. Many jobs were lost and a tech company was destroyed. ICP isn't just a good idea, or even great idea... its a much needed idea. This is my project.. I'm behind ICP all the way. I hope to see great achievements from Dfinity.
COINBASE:ICPUSD
by The_Yeager
Internet Computer - Hype Explosion!!!This was a huge hype explosion that pulled a lot of people in and caused ICP to briefly reach the number 4 spot on Coin Market cap. CRAZY! Looking at the chart ICP is in a severe down trending channel. This pans out in one of two ways. Either it breaks the resistance line (Top white line) and starts moving back up. OR ICP continues to trend downwards until it reaches a place where the project and price are at equilibrium. Is it a promising project with a fantastic idea? Yes Is it still in the very very early stages? Yes I would probably attribute a 1% possibility that the project achieves its goals of essentially becoming the replacement of the internet. Very high risk to reward even at these prices. **This is not investment advice just my own thoughts and opinions**
COINBASE:ICPUSD
by Crypto_Lad
2