ICP is an underrated alt that I believe has a lot going for it. There was an initial dump that occurred day 1 which everyone got upset about however this isn't really out of the ordinary. If you go to their site you can see the metrics for yourself. As all of my followers are aware, I specifically look for basing pattern just like this to capitalize on, and I do that very well. We have a falling wedge with 2 touches on the hypotenuse that signals a breakout is coming. When that happens, I am sure everyone will be talking about it. There are plenty of opportunities to take easy profits here on the way up, similar to what I did with SHIB, KDA, and many others. My overall goal for this cycle is to see ICP hit 300. That isn't out of the realm of possibility since it has been much higher than that previously.
Tell me what you think?
This is not financial advice. Do your own due diligence.
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BTW... for anyone who looks at ICP and is scared because it went down, a lot of it has to do with the time it was listed to the exchange. In this case, it was listed on May 12th. Do you know what happened on May 12th? Because I do...
Anyways, take a look at the number of transactions, smart contracts being produced, and where ICP is heading for yourself. At the Crypto conference in Shanghai, the head of ICP was on a panel with Vitalik Buterin and was also featured on Bloomberg just a few days ago. Anyways, best of luck.
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To add... KDAUSDT faced the same fate at many other assets including ICP that were listed around this time. KDA went from 88.00 to 0.30. Which was a -X200 loss. Many people were shocked to see KDA get back up to 30 bucks. I was not.
I'm with you, bud! Great opportunity to accumulate in the $20 - $30 range.
mysticalwalrus
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@LA_Designer, Yes 100% my friend, if everything works out, this will be an amazing ride! Christmas may be a little uneventful, but January is looking ripe.
Mancomfortable
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Good to have you back, hope you are well.
Was kinda lost without your updates. The market looks like it has reached a support area on the whole. Looks like the 15th could be a big day. Fear that we might see a recession very soon is being spread. I was hoping to hear from you, if you have an opinion?
mysticalwalrus
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@Mancomfortable, Thank you, I am feeling a bit better. Yes, I agree on your market sentiments regarding support. There can still be a retest of 42, but other than that, I'd say we are about at the end of the road in terms of pullback. I do think a recession is coming, but I believe it will be late 2022 early 2023. I think there is still some juice to squeeze first.
JustTradeSignals
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Nice working..check out our analysis and possible setups for ICPUSDT
Danny-1987
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ICP project is failed since we fall down from 2800$ to 25$,, enough clear to see this project has lost guys, avoid holiding it before it get less than 1 dollar