Ajion

90% Discount - Very nice value poke :)

Long
COINBASE:ICPUSD   ICP/USD
My Previous post was banned!! Original date post was on Jun 25

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 wedge 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:

Ecosystem
Spread Sheet of ecosystem

More information:
https://www.investing.com/news/cryptocurrency-news/internet-computer-icp-recent-developments-community-future-events-2536789

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.

**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal 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.*/

Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!

Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
-If you are using my work on an external domain - other than tradingview.com, please notify me.

Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.

ajion.co - Fractal Research Hub

Comments

what a mess

should be ashamed to show something so messy

only you meet,
in this mess
Reply
wratislavian MasterPlayer
@MasterPlayer, prefer this mess with solid TA than yours tidy guesses.
+1 Reply
Ajion MasterPlayer
@MasterPlayer, you must be looking this on a tiny screen.
+2 Reply
Nice work:)
+1 Reply
Ajion Vafon
@Vafon, thank you
Reply
@MasterPlayer A real chartist work is always messy to get the highest probability of price movement. Nice assessment @Ajion!
+1 Reply
Ajion osundehiremen
@osundehiremen, thank you
Reply