ICP clear scenarios for this bullrun by end of year or 2022 Q1It's as simple as this. The fib levels are almost always correct to some point.
The Fib golden ratio is about 1.618, so lets hit that 1000$+ mark. ;)
Be safe and take this as a type of lesson of fib levels, not a financial advice. The whole world can be eaten by giant alien until the end of the year, so basically do your own research and only invest what you can afford to lose.
Hit a like and follow for some more trend analyses. Have a beautiful and profitable week!
ICPUSD trade ideas
ICP is going to have a MASSIVE breakoutTypically descending triangles are bearish distribution patterns but sometimes they break to the upside. Typically the volume will decrease as the pattern gets closer to the apex and generally you'll see a decline in the RSI but you can see that ICP has increasing volume as we get closer to the apex, plus there is bullish divergence on the daily RSI. The money flow indicator is a volume weighted RSI which shows massive divergence between the price action and the oscillator to the upside. In short, when ICP breaks out it will be massive.
ICP consolidation before the breakout👁🗨hello traders ! lets take a look at $ICPUSD
recently we have seen many rejections off the top trendline resistance.. but at the same time its bouncing off strong support.
bulls are still in control as long as that bottom support holds, we need to see top resistance break before we see any big moves to the upside.
Stop loss 36, price targets 55/60/75
ICP ready?ICP has just broken out the falling wedge. Bullish price pattern. It may retest the support trendline, but I expect an acceleration upwards.BB is shrinking, suggesting high volatility ahead. It just previously completed the primary trend wave 1, wave 2 was completed with the touch of 0.618 fib retracement target: first target 78, second target 130, Final target 262. I will, however, sell most of it at 175, just in case, it is a wave C, considering the previous downtrend.
ICP: Preparing for Blast Off?After a massive falling wedge from Sept. 6 - 29, ICP has broken out with local support around $40.
If the current trend line holds, then $50 would be the next local fib target. If the trend line breaks down, this idea is invalidated.
Not financial advice. These are just my ideas and opinions.
ICPUSD - Internet Computer LONGEDThe project hits a niche market, has a huge crew, a lot of capital for promotion and development.
Cena built a basement between $ 40 and $ 67, after leaving this region we should see a serious move towards the North.
The predictions of the popular Polish crypto influencer - CryptoBirb have contributed to very accurate dates and possible price levels, which I suspect we will achieve.
ICP update. potential outcomeWe have seen ICP move to the upside but with BTC dominance going up, ICP vs BTC has been absolutely taken a hit. if you take a look at the ICP/BTC dominance its dropped off trend. depending on how BTC performs in the upcoming week, we could see most alt still struggle to gain any momentum. i drew a couple outcomes that could possibly happen, this ofc depends on BTC. at this point when BTC falls, ALTs will usually gain. ***NFA***
we could possibly see it come down to see the 34-35 range and at as a spring and shakeout majority of the traders and to trap the shorts. ICP is pretty volatile, i would take caution.
ICP possible risky LongAs you can see , we are still in a downtrend, but we found a good support. too much volume has happened here which can be a sign of whales buying this coin.
You can buy here with SL of 4H candle close below support.
If you are risk averse , you can wait and buy on break of downtrend.
ICP potential targetsWith BTC Price and dominance rising since last week. Most alt have been bleeding. ICP took the hardest hit but imo BTC is due for a correction and with ICP already falling nearly 30% ICP will hold up very well if BTC has a correction to the downside. Trend exhaustion. its heavily oversold.
these harmonic patterns are bearish but still needs to hit the target to become bearish. the D legs of these patterns have a possiblity of taking ICP near or past last highs before moving to the downside. NFA.
Use caution with these small cap ALTS.
A conservative yet realistic price path for ICB by year endIt appears that ICP could be in ascending channel. With that as my thesis I charted major lines of support and resistance and combined it with a fib retracement from the recent high to the major low in July. A blowoff top in December could have the price hit the 3.618 at about $250. I say this is conservative because FOMO could really hit hard and who knows how high it could go. Regardless I think a $250 target is more than realistic in this bull market.