ICPUST trade ideas
ICPUSDT Bullish Divergence on RSI, Price Set to RiseICPUSDT is showing strong signs of bullish momentum with a nice rejection of the uptrend trendline followed by a 35% rally. After a minor pullback, price found support at the 23.6% Fibonacci level, accompanied by a bullish divergence on the RSI.
Currently, price is bouncing off the minor uptrend trendline, and if a new lower low is not formed, the price of LSE:ICP will remain heavily bullish. This could potentially lead to a 16% increase in the near term.
ICPUSDT - sale or a good moment to enterHello everyone. Today was a red day in the calendar. For strong coins like ICPUSDT, this is a great option to enter. Recently, there was also an idea when the price bounced off the lower border of the channel. A similar situation is happening now. Therefore, you can try to go long with a goal at 6.43. Stop at 5.09, behind the support line.
ICP/USDT - ICP Token: Poised for Explosive Growth?ICP (Internet Computer Protocol) is a blockchain-based protocol that aims to revolutionize the way we interact with the internet. ICP's token, also called ICP, is the native digital currency of the Internet Computer ecosystem.
ICP is designed to power the decentralized internet by providing a secure and efficient means of executing smart contracts and other decentralized applications. It operates on a consensus mechanism called the Threshold Relay, which allows for high-speed processing of transactions with low latency.
One of the key features of ICP is its ability to support smart contracts written in multiple programming languages, including Rust, Motoko, and C. This makes it easy for developers to create decentralized applications on the ICP network.
ICP tokens can be used to pay for transaction fees, stake in the network, and participate in governance decisions. The total supply of ICP tokens is capped at 469 million, with around 155 million currently in circulation.
Since its launch in May 2021, ICP has garnered significant attention from investors and developers alike. It has quickly become one of the most valuable cryptocurrencies in the market, with a market capitalization of over $10 billion as of May 2023.
Despite its rapid growth, ICP is still a relatively new technology that faces many challenges and uncertainties. As with any emerging technology, it is important for investors and users to conduct thorough research and understand the risks associated with investing in ICP.
In conclusion, ICP and its native token have the potential to transform the way we interact with the internet and bring about a new era of decentralized applications. Its innovative technology and strong developer community make it a promising project to watch in the coming years.
ICP CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ICP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Expect a spike soon!The bearish trend that has been prevailing in the market is gradually coming to an end, and we anticipate a significant upward spike in the near future. The market sentiment is shifting, and positive indicators suggest that a bullish momentum is about to take hold. Traders and investors are eagerly awaiting this anticipated surge, as it may present lucrative opportunities for profit.
Preparing for Long Term PositionOKX:ICPUSDT
Similarity between Wyckoff is on the graph like crystal clear...
After libra reaction, traditional chart pattern have occured and we may use it on behalf of our sake.
Wait for SOS like in the analysis, at the retest point and Boom!
May the Force be with you!
ICPUSDT - Long by High Low Pivot 4/29/20231- Long trend when Swing High (1) & EMA 21 above EMA 50.
2- Swing High(2) is continue & low still above Swing High (1).
3- Opens a Buy with Stoploss at lowest price (Swing Low) between Swing High (1) & Swing High (2) (Rule to find Stoploss).
a/ Moving stoploss when occurs Swing High(3), Swing High(4)(5)...
b/ Wait to retest previous swing high if ratio of Reward > Risk (>1).
ICP: Resistance BreakoutThe Internet Computer (ICP) technical analysis:
Trade setup : Price is an Uptrend. Price pulled back and bounced off of $5.00-5.25 support zone, which also lines up with 200-day moving average and long term support trendline. Now it re-broke above $6.25 resistance and could revisit $7.50 resistance next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $5.00, then $3.50. The nearest Resistance Zone is $6.25, which it broke, then $7.50.
🔥 ICP Going Parabolic, But For How Long?ICP has seen an incredible move over the last few days, where it gained almost 30% and severely outperformed the rest of the market.
Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming.
The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here.
If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.