ICP is project I have never charted but have alot of interest in the "proclaimed" fundamentals behind it. At least the idea of reverse gas fees and universal integration. Mass adoption would be kin to daily use by the general public... Daily use by the masses with Gas fees? Gas Cost? Understanding? Mass Scale? Good luck...
While ICP may have some of the fundamentals to clear those hurdles at end of the day I am a technical operator and view the chart as the final culmination of all buying and selling decisions. The market could care less about individual interpretations.
It is the collective interpretation that moves price. The collective decision is only available on the chart and the activity of the tape. If the collective agree with the fundamentals they will buy and their buys are recorded on the tape along with the decision to sell.
This is a daily chart using the octave method to measure potential areas of interest in the future. This method works by taking the initial range from any major pivot and expanding that range exponentially into the future in both time and price. The bottom run is set at the high of the first high made after any major pivot and increases in equal increments.
Current Trading Plan:
Hold long for the macro golden pocket in the $35-$50 range. This area also aligns very nicely with the .625 or 5/8ths level on the octave scale. Projected move from current price is approximately 200% IF price continues at the same momentum.
Trade Well...
Your Friend,
Degen
While ICP may have some of the fundamentals to clear those hurdles at end of the day I am a technical operator and view the chart as the final culmination of all buying and selling decisions. The market could care less about individual interpretations.
It is the collective interpretation that moves price. The collective decision is only available on the chart and the activity of the tape. If the collective agree with the fundamentals they will buy and their buys are recorded on the tape along with the decision to sell.
This is a daily chart using the octave method to measure potential areas of interest in the future. This method works by taking the initial range from any major pivot and expanding that range exponentially into the future in both time and price. The bottom run is set at the high of the first high made after any major pivot and increases in equal increments.
Current Trading Plan:
Hold long for the macro golden pocket in the $35-$50 range. This area also aligns very nicely with the .625 or 5/8ths level on the octave scale. Projected move from current price is approximately 200% IF price continues at the same momentum.
Trade Well...
Your Friend,
Degen