ICP - preparing to break the local trend line.
Good buying opportunity after breaking or retesting the trend line as support.
But there are a lot of traps in the market right now, so be prepared for a false breakout.
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ICP could be gearing up to hit around a $11.5 billion market cap - which would be my 1st target on a long position. This is taken from the bottom of the trend line of the initial trend, which started it's push from the double bottom @ $3.8 bil MC. If there are a couple of decisive closings above $11.5 billion within the next few days, it wouldn't be impossible if...
ICPUSDT is in a unique position to buy. The price has touched the dynamic trend line and RSI is trying to break the downward trend line. If the price can break out, it is very likely that it will rise to 80-90$
1H trend chart
Price has stopped falling since hit high on 10/6 and keep consolidating now.
We can expect it is going to break out the long-term downtrend line.
If this downtrend line is taken out, there is a timing for entry.
But I suggest to long after confirming the price stands firm at $45.48(blue horizontal ray)
On the ICP chart, we see a trend line that is now acting as resistance. The price will go up if it breaks this resistance.
The best scenario would be if the price goes back down to $39.5 and then breaks the trend line. In that case, there will be a good entry point after the breakout.
There is also a good buying opportunity if the price squeezes near the trend...
The icp fell from $ 600 to around $ 30 after a sharp drop in 5 waves.
After flooring up to $ 90, the uptrend took the form of wave a.
If the $ 40 range is maintained, it can rise in the form of a wave of C to $ 200 to $ 250.
#ICP Technical Analysis
View the classic patterns of double bottom and triangle along with drawing movement channels as well as assisting Fibonacci levels and obtaining cluster ranges.
According to the items specified for the triangle pattern target, the initial targets of this pattern is range 88 and the next targets are 111 & $ 128.
On the other hand,...
ICP is sitting near the resistance and the support is very near, trading ICP here is not really risky, if the support holds and we break the trend ICP will give you good gains.
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The price is kept squeezed with minimal volatility in an uptrend. A triangular formation has formed (upward triangle) with a base of 80%. The price is squeezed into a corner. The denouement will happen soon. Zones of levels from which further trend development depends on are indicated with arrows.
Coin in the Coinmarket: Internet Computer ICP
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The uptrend line has been retested 3 times.
Especially in this 3rd time, the price continuously followed the uptrend line, showing indecision.
According to the time frame price runs, today or tomorrow the price will have a drastic change.
It can be an increase or it can be a decrease.
Waiting for the day candle to end everything will be clearer.
However, watch the...
BINANCE:ICPUSDT bounced back up from a monthly support level. Bullish hidden divergence on RSI 1h chart. We're heading towards the nearest POC zone and 0.618 fiboancci. Long order placed.
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I've been watching ICP since the release. It was a top 3 out of nowhere. Then weeks pass and its been on a constant drop. Remember the Marketcap is still in the billions. There are a lot of money within ICP. I believe it will go back to 100-140 dollars or beyond. I have a Target of around 30 Dollars, after that, we should be able to start climbing up.