ICP biggest flop of 2021 - no really - just look at this 90% drop. We haven't since sort of a disaster since 2018 lol.
Not All beginnings got a great start.
This my first time doing a TA on this COIN.
What we see:
Bear, 90% drop, can't stabilize, in a and possible channel could form, too much huggin on support line, should be going side ways.
I really the FIBS here.
There is a big danger of 30 broken that cause colapse to 26 or even 17. Cause the asset to do a complete 180 from last year.
Which btw i have big doubts about, but let us see.
I do however enjoy that we are getting a nice 90% discount , and i learned one thing from crypto is that underdogs always pump back.
Let us look at their ecosystem:
Spread Sheet of ecosystem
in their Brief:
Internet Computer is a digital token that runs on the Internet Computer Protocol and is intended to facilitate the building of software without the use of the services of Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB). Developers can now build an “open internet” at a reduced cost in a “hack-free system”.
You don't always have to analyze the future, but when they dumped their assets they got the $ and now they will wait to scoop all their ICP on the cheap, and they won't let it slide for long, after all 90% decline is a big discount .
Something to watch out for.
Fractals are coming up so that is also pretty good. At least we get resolve quick.
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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