ICPUSD trade ideas
ICPWatching ICP charts for a while I have noticed it often likes to break upward from descending wedges. We may be in one now and see a shot upward in the coming days. but, unless we hold this area and break back above $12.20 we are still in a downtrend seeing lower highs and lower lows. If we fall below $9.50 I think we are likely heading to $6.20 support.
IMHO
ICP the best tech in crypto, just bet on itIF ICP gets to what Solana MC was last cycle top aka 77B, its going be worth 170 dollars.
Plot twist, half of the ICP supply is currently staked/locked or in other words can not be sold. Second plot twist with all of the wall street money coming in crypto this cycle, what if the total MC surprises everyone and gets to something crazy like FWB:14T ? Im just throwing out speculation numbers out there but...
You get what im going with this? Making a bet on the most tech advanced crypto on the market with one of the fastest growing ecosystems, that really hant experienced a bull market in its existence until now is not to be faded. Especially when i dont think that the chance of ICP going to 0 is high, because its a real project with a real team, trying to solve real problems.
Things can get out of hand in 2025. If ICP captures a realistic 2.5% dominance (which has been done by a lot of projects in the past) of the speculative Total 14T MC, its equal to 350B MC for ICP. If that happens ICP theoretically can get to 765 USD.
Nothing is for sure obviously, but when you get asymmetric opportunities like this in life, just make a bet, even if its a small % of your portfolio and its very important that you stake it until at least 2025 so you cant paper hand it.
ICPUSD (Daily) - Bullish wave We2Hi Traders
ICPUSD (Daily Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 14.34 after the market found support at 10.37. Only the downward break of 10.37 would cancel the bullish scenario.
Trade details
Entry: 14.34
Stop loss: 10.37
Take profit 1: 19.98
Take profit 2: 25.90
Score: 8
Strategy: Bullish wave We2
ICP accumulated staking for 10 yearsI calculated and showed on the graph how much you would earn after 10 years of ICP staking.
That is only if you stake icp and lock it for 8 years, and enable the option to restake maturity.
After 10 years you can disable the option to restake and then you get the amount noted in the graph/month and per icp you buy now (2024).
ICP- Next leg up above 20usd mark?As you may have observed, I am optimistic about BINANCE:ICPUSD for numerous fundamental reasons. However, in this post, we will specifically delve into the technical aspects.
As elucidated in my previous analyses, the breakout above the resistance of the falling wedge has the potential to signify a change in trend, and indeed, it has. The recent peak at 16 was succeeded by a correction. The reversal, occurring just above 10 and characterized by a robust bullish engulfing, may indicate the conclusion of this correction.
As of now, the price is trading precisely in the middle of the recent range at 13, and it is likely that a new upward movement will ensue. My target for this upward movement is the 22 resistance level, and considering a stop loss set below 10, a risk-to-reward ratio of more than 1:2 could be attained.
In summary, in my perspective, traders ought to consider buying during market dips.
Best of luck!
Mihai Iacob
ICPUSD BULLISH BOUNCE BEARISH OR RE-TEST?Today, for ICP it opened below the ascending trend line but now looks rosier on the linear window by breaking back above. It also shows an uptick on the moving averages (admittedly my MA's are optimised for scalping not investing or swing trading). On the logarithmic, it broke through, closed below and is now re-testing. Next 24 hours could be interesting, and determine if we see a drop to previous buying territory (or even further to coincide with 0.618 retracement at 8 dollars).
Insane Clown Posse about to make a move to 20+ dolla!RSI cooled off enough for a parabolic move to the next level of resistance which I believe will be around $20.00 + with a few in between periodic pauses, settling around 17.00,
Chart finishing a nice pennant, enjoy the ride!
Not investment advice.
ICPUSD potential buy zonesICP really is in price discovery at the moment, trying to shed its (frankly unfair) 'scam' title. It's either....one of the best projects in all of crypto with a vast, dedicated team that has one of the loftiest of ambitions. If they achieve it, it could revolutionise the way crypto operates....
Or, its just another overly ambitious project that will struggle to gain a substantial foothold.
In the short term, it may bounce from the support trend line (its hovering nicely atop the 0.618 retracement), although the move down initially carried momentum. If it breaks below the ascending support line, I see 8.7-9.7 being a good buying opportunity provided it holds well. Personally I think ICP will absolutely rip it this bull run, and by 2029 could be potentially top 4+ (provided the roadmap continues the way it's expected to and good tech starts to come more the fore in crypto). So this scenario could be like buying ETH at a 10 dollars back in 2017.
ICP bull market top speculationLets play a game with some valuations for 2025 on ICP. Keep in mind this is my personal opinion.
- Conservative case:
The total crypto MC gets to 5 Trillion this cycle. ICP captures 2% market dominance. This equals to 100B MC for ICP. This is 17.9x from current price. ICP price = 210$.
- Base case:
The total crypto MC gets to 7 Trillion this cycle. ICP captures 3% market dominance. This equals to 210B MC for ICP. This is 37.7x from current price. ICP price = 450$.
- Optimistic case:
The total crypto MC gets to 9 Trillion this cycle. ICP captures 4% market dominance. This equals to 360B MC for ICP. This is 64.4x from current price. ICP price = 770$.
Can we have a wilder bull market then that or more conservative scenario then that. Yes we can, but i think these are realistic ranges for this bull market. I really dont see ICP failing and going to 0, especially the next 2 years.
Will we sell the top. Most likely not. But can we sell 50% off the top or 100% off the top. Now that is a lot more likely.
My average price is 5 bucks.
- If my first scenario plays out and i sell at the top ill make 42x.
- If my second scenario plays out and i sell at the top ill make 90x.
- If my third scenario plays out and i sell at the top ill make 154x.
ICPUSD: Bullish despite today's decline.Internet Computer remains bullish on its 1D technical outlook (RSI = 68.393, MACD = 1.900, ADX = 40.337) despite today's strong selling as it maintains the parabolic rise structure. It is about to test the 0.382 Fibonacci level, but the horizontal Resistance is slightly over it at 23.7500 (R1). This is our target (TP = 23.000) and after that we will wait for a 1D MA200 pullback to buy for the next rally (TP = 55.0000).
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ICPUSD I think we are in this channel. That sell off that briefly dropped to $12 will probably be tested again, and maybe even confirm that larger H&S on the 4hr that will drop ICP to $11.35. I'm very bullish on ICP and have stakes my coins for 8 years. But, we have not had a good correction yet and we may get it now before going back up.
IMHO
ICP will thriveICP holders had a hard time after the FTX manipulation disaster, most of them are trapped in the 30-100$ range. A lot of people sold out of frustration. It will be a choppy road but if the right catalysts kick in this coin could go way past 150$ like MSTR (MicroStrategy) did back then to 400$.