ICPUSD trade ideas
Internet ComputerInternet Computer ICP/USD. Here's levels on the 1-day chart:
52 week high = $751
52 week low = $18
7 day high = $22
7 day low = $19
breakout = $27.72
R3 = $26.04
R2 = $24.36
R1 = $22.68
pivot = $21
S1 = $19.32
S2 = $17.64
S3 = $15.96
breakdown = $14.28
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
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Lack of planning & discipline
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ICP to finally test down trend?Is the bottom in at 20? Should know it a few days, if not sooner. The 20 support is close to meshing w the down trend, which should show us if a nice break out is coming, or the dump continues…
Do feel the need to say, all my posts tend to be long or positive. This isn’t because I ignore the negative, it’s bc I only trade on spot, never use margin, and don’t short (nothing wrong w it, just doesn’t work for my situation). When I have an idea for a trade they are always long, so I wanted to be clear in that regard.
Thanks. Good luck traders
Internet Computer (ICP) 's 5 tasks on the 4h chartICP's 5 tasks on the 4h chart
1. break the EMA125
2. break the RSI resistance
3. break the OBV resistance
4. break the volume resistance $25.20
5. confirm breakouts and have fun
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ICP - Internet Computer Protocol - HoldThis is an interesting one to watch, just going off TA this is a buy I don't even have to view the project (hold)
CRYPTOCAP:ICP
COINBASE:ICPUSD
BINANCE:ICPUSD
BITFINEX:ICPUSD
BINANCE:ICPBTC
BITSTAMP:BTCUSD
COINBASE:BTCUSD
BYBIT:BTCUSD
BITFINEX:BTCUSD
BINANCE:BTCUSD
BINANCE:BTCUSD
INDEX:BTCUSD
BINANCEUS:BTCUSD
PHEMEX:BTCUSD
FTX:BTCUSD
GEMINI:BTCUSD
BITBAY:BTCUSD
OANDA:BTCUSD
BITTREX:BTCUSD
CURRENCYCOM:BTCUSD
CAPITALCOM:BTCUSD
FX:BTCUSD
ICP Short Term Structure is bearishI have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart.
As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending channel it seems to be forming.
In my opinion the probability that we test the bottom of the channel is much higher than a bullish breakout but this is crypto and sometime the most obvious direction is simply a trap.
ICP/USD (REQUESTED CHART 5)! BULLISH!ICP looks good here. Currently, hovering near the lower trendline of the big falling wedge.
It is trading inside a falling wedge like structure. Also, a bullish divergence occur in 2D time frame. So it is worth buying here and SL will be if any 2D candle closes below $18.5
If you are holding this then hold it with the given SL.
If you want to buy then buy now and hold it with given SL.
If you like this idea then show your support with like and follow.
Thank You!
ICP might go lower, but at good buy pointICP could be the buy of a lifetime for some people. It is on a fire sale at the moment and possibly could go lower. It's also possible this the capitulation moment as The RSI is is showing bullish divergence. If you like this project it might be time to start nibbling as it's upside looks to be incredible.
*Time in the market rather timing the market*
Sub $10 ICP?Ok folks, we have to look at every possibility for ICP and even though in my opinion this could be the bottom we have to take into consideration of more downside risk.Where could we go?
In this chart you see that we could possibly be in a descending channel. The bottom of that channel places us around $10 right now.
Yes. It sound's insane. A sub $10 ICP but we have to go with what the chart tells us and not with our emotional bias.
I'd encourage you to have some powder in the bag just in case.
ICP Most bullish chart in top 100?Okay, everybody is super bearish right now and bullish perspectives are far and wide. Hopefully we can separate ours emotions from what's happening in the charts and see that ICP actually has an extremely bullish set up and you may not get another chance until the real bear market to buy at these prices.
Note: I normally use log charts but I'm finding that a linear chart works better. So you will see some of my previous analysis on log charts but I am going to be switching to linear charts from now on.
1) ICP broke out of a long term diagonal line of resistance in the beginning of January. You could say the most recent drop was simply a bullish retest of the diagonal line of resistance.
2) The break out was a bullish breakout out of a falling wedge. UNLESS this is a fake-out we can expect expect to see prices go to the red box.
3)Volume has picked up significantly. Signaling that the break out was not a fake out.
4)Weekly RSI is bullish af. It's in deep oversold territory plus the bullish divergence is really out of control.
How can you look at this set up and be bearish? Of course anything can happen and BTC just brings the market down further but if we take our emotions out of the equation and only look at ICP's chart. This might be the best set up in the top 100 cryptos.
What do we need to see happen?
We nee to see a clear break out of the $38 range. Until then we're just messing around in the dirt. A break of $38 and holding it as support is as bullish of a confirmation as you could as for.
ICP - The best crypto play of 2022?- 95% down from ATH (capitulation)
- Been in downtrend/accumulation, even whilst other top 100 coins had alt rallies.
- Lower low on the weekly with bullish divs
- Lots of empty space to run into
I'm aiming for $250 by Dec 2022, a gain of >600% from the current price of $34.
We will see if this prediction ages like milk or wine in just under a year!
Ciao.
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 might finally be a long term buyICP has been down in the gutters for a LONGGG time
It's been showing some volatility lately and has been moving contrary to bitcoin in an upward trend
Looking on the daily chart it is hard to identify the trend but when looking at the the weekly chart you can see it.