ICP trying to find the buttom. I hope this time it found one and reverse from here. Otherwise, more dump will follow :( I LITERALLY DON'T UNDERSTAND WHO IS STILL SELLING... Ducking VCs...
This is my beloved coin trial. Not a financial advice.
ICP has inverted H&S formation in weekly chart and it aims for 9-10$.
As we can see it tried the Minor support several times and got a good response so far.
If it can exceed the minor resistance, then we can expect the price will grow up to 9-10$.
Let's hope this coin can perform well in the Bull market.
This is not a financial advice. It is just a trial. You...
Looks like ICP have a Golden Cross in daily chart which is the first golden cross that ICP had since they released in market. Let's hope that it is a good news to ICP.
I believe after a small correction, it will go up to 9.80$
This is my trial. Not a financial advice.
As I told in my previous analysis, ICP broke very important 486 days long falling channel. We also broke the 4.60 resistance which is nice. Now, market is a bit overpriced since RSI are really high. So I expect small correction before more up movement till 9.80.
I will open position around 4.80-4.60 according to the reaction on that interval. Good selling point...
Bearish Idea
ICP looks like copying the same price action as before it did in the box labeled 1. I believe it will rise to Retest the area around 4.5-4.6. If the price got rejected from that area than we could expect more fall till to 3.5-2-1.5.
Bullish Idea
FTX was one of the main reason why ICP fell so much but beacuse of the late events, maybe it could be a...
If we continue to see BTC pump into spring time I think it we can expect alts to follow.
I expect ICP to head toward the point of control of this lower price range at around $20. This would coincide wit a break of the descending wedged.
It would then be reasonable to see a bullish retest at the top of the wedge before a continuation to what I consider the...
I have posted before about a scenario where we could see ICP hit $10 or less. That was used using a linear chart. But what if we plot it into a log chart.
As you can see, the short term chart is showing a clear descending triangle pattern. This is bearish. The measured breakdown would place ICP in high $15's which is confluent with the bottom of the descending...
Any sort of short term bullish breakout went out the window once we broke the $40 floor a few weeks ago. At this point I don't believe ICP has it in it to break into some higher figures without spending sometime consolidating in this $20-$40 range we've found ourselves in.
With that though in mind and short of any hyper bullish catalyst I could see longer term...
The ICP weekly chart has lived in oversold territory for its entire life. But even the shittiest of coins can show signs of life.
1) It is possible that ICP is in a macro falling wedge and we have potentially reached the bottom.
2)ICP's RSI has to be one of the most oversold RSI in crypto. On the weekly we see signs of an end to bearish momentum as show by the...
Let's face it ICP has been bottoming out since the day it came out, to put it positively. Is this really the bottom? Who knows? But there is a bullish falling wedge on the daily with a price target back in the mid $40's. Might at least be good for a decent swing trade.
