Support: $35.50/$30.50/$28.50 Resistance: $43.00/ $53.00/ $71.00/ $88.00/ $103.00/ $124.00/ $138.00/ $168.00/ $203.00
ICP analysis: ICP is now trading at the support zone. ICP also forming a falling wedge which is a bullish pattern if breaks in the upward direction. If ICP breaks the support zone of $35.2-$36.3 the next local support area is $33 and major support is $28.1-$29.8 area. ICP needs to break and hold above $40 to turn bullish. ICP airdrop tokens unlock every month...
As the chart illustrates, the price tends to go down more, but we have to see if it can break the rsi line down. If breaks, we will see a specular fall of ICP price reaching 33.00
buy 31.2 sell 70 ps. safe to buy spot here in this gz, but no leverage trades unless we get down to the algo target right beneath.
ICP just went through a ton of FUD, which tbh seemed legit as a lot of serious questions did not go properly answered by the team. That being said, if the Dfinity foundation did unload a ton of tokens, it's possible they are finished doing that now. No need to look at the HTF as it's terrible, but zooming in on the lower time frames suggests a possible...
Initial recommended short opened at $48 is 26% in profit, with leverage huge success. ICP still following descending channel, volume is extremely bearish. Looking at a second test of $30, if broken; TP @ $28. If liquidation is above $58, recommend against closing the position until $9 (taking a 2X multiple of fake quoted VC price of $4.50, believe we could see...
wave 3 target = $124 missed the gz trade, but will be looking for a clean entry on the next pb ~ stay tuned! talked about it recently via:
ICP looks a bit like KSM. The only difference is that the second support level is so low that I don't see it happening. but still be careful! The sell volumes are high and I think this local support is good enough for holding the price up. In this case, the price might consolidate in this price range. Don't do any short-term tradings for now because those 2...
two possible scenarios from here, buy indications are starting to flash though, so a decision needs to be made today - we hit the .50 recently for what looked like an a-b-c into the 2. normally i'd love for an asset to get down into the golden zone for a wave 3 swing, so i am a bit weary getting in right now. would love to hear anyone else's thoughts \ opinions...
ICP has been into the resistance zone recently. IMHO, the price power cannot be down because ICP has more to it. But we have to be coherent and see what will happen...
clean wave 3 setup, looking forward to this one very much. upside target for this wave 3 sits in my upper purple box ~ taking 50% profit at the first purple box mid way to the final target ⭐
So far ICP after its 96% free fall began trading in a downward channel, which its respected the upside (tested twice on dead cat bounces by scalpers) and went directly to the bottom of the channel (56% loss). The buyers are not strong support as they’re buying to scalp due to the asset falling 96%, and aren’t long term holders. The last time the upper boundary...
3 points of interest.. - sideways move during the swing low on MACD as well as volume decrease. - RSI is bouncing up from 50 - BBands also tightening during swing low on MACD. when blue line begins to move up on MACD price could move up very quickly.
Simple h&s in top , 1hour chart, Tp: $40 Stop loss: $55
ICP has done well the last couple of days. move up with strong volume and RSI just getting above 30 in the last couple days should be a good sign for more upwards momentum. we break $58-$66 resistance area, should move up to next resistance area of $108-$125... something to keep an eye on. not trading advice tg