As you may recall from my previous posts, I hold a very bullish outlook on BINANCE:ICPUSDT and have elaborated on the reasons why. If the price manages to maintain itself above the $10 mark, the most probable scenario would involve a new upward movement towards the $20-22 resistance zone.
Indeed, ICP reversed just below the $10 mark and began to establish...
My original CRYPTOCAP:ICP chart that i did not too long ago i was completely wrong in my analysis. I broke one of my own rules, and forgot to zoom out. CRYPTOCAP:ICP is currently forming what we call a R-B-R in S/D trading and is asboutley heading to the upside.
Based on the provided market data, the Internet Computer (ICP) cryptocurrency is currently trading at a price of $13.200 against USDT. The relative strength index (RSI), which indicates whether a cryptocurrency is overbought or oversold, is at 60.68 for 4-hour trading, 60.88 for 1-day trading, and 72.49 for 7-day trading. These values suggest that ICP is neither...
In my previous ICP post, I presented a potential trading plan for this coin. I stated that a break above 14 would indicate that the correction was over. Conversely, if we experienced a break of the symmetrical triangle to the downside, ICP/USDT could drop to 10, presenting a great buying opportunity.
The coin followed the latter scenario. As observed from the...
💎 ICP has experienced significant developments in the market. Currently, ICP has broken out of the Bullish pennant pattern, which is a bullish continuation pattern.
💎 Additionally, the chart has broken through the supply area and is now transitioning to the demand zone. If this scenario plays out as expected, it is probability that ICP will continue its upward...
On the one hand, ICP's price is only trying to rebound from the "bottom" where it has been falling mercilessly for investors for 2.5 years since its listing.
On the other hand, the ICPUSD price entered the first strong liquidity zone $15-22 , where for some time some sold and others bought ICP thinking that this was the "bottom" in early 2022
It is likely that...
In time H2, it is moving in a descending channel, and if it does not have the ability to break in the red box, it can continue to correct at least until the middle of its own channel. Fibo in the red box has the ability to return at least 100% of the step, which is specified in the chart.
📊Analysis by AhmadArz:
🛑Stop Loss: 12.01
🎯Take Profit: 11.53
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This is what CRYPTOCAP:ICP looks on the weekly time frame. PA has made it's way to EQ and now it's in the process of filling in the gap near the demand zone. You will get one last chance to fill you bags before take off.
As you may be aware, my confidence in ICP remains strong, and I anticipate a price surge towards the resistance zone of 20-22 in the near term. Since there is a daily inquiry about it, I've put together a trading plan that might offer some guidance.
Upon a closer look, it is evident that the current trend is upward. However, up trends (or down trends), are not...
Date: January 13, 2024
(Long term 700+ days Outlook)
Key Levels and Analysis:
ICP is currently trading near the support level of $12.871, which is crucial to hold for maintaining the bullish scenario.
The chart shows a potential risk-reward setup based on pivot projections. The conditional probable boundaries suggest a tiered approach for upside targets, with...
As you may have observed, I am optimistic about BINANCE:ICPUSD for numerous fundamental reasons. However, in this post, we will specifically delve into the technical aspects.
As elucidated in my previous analyses, the breakout above the resistance of the falling wedge has the potential to signify a change in trend, and indeed, it has. The recent peak at 16 was...
The price of ICP is $ 6.6 today with a 24hour trading volume of 122 million dollars, this represents a 17% price increase since last week and a 31% price increase since last month
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can...
Based on the provided market data for the ICP/USDT pair, the current price of ICP is $12.187. The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, is 41.2 for the 4-hour chart, 63.22 for the 1-day chart, and 91.34 for the 7-day chart. This suggests that ICP is neither overbought nor oversold in the...
CRYPTOCAP:ICP Seems already break Weekly Major TF, i think the pattern is similiar look a like bullish 3 drive pattern, and will Hit around 20$
Please be patient, we already enter prebull market :)
I see ICP coins have a cup and handle pattern or CnH. It is seen in a 1 day time period forming a cup pattern and in a 4 hour time period forming a handle pattern.
If this is valid, then the coin's ICP could potentially rise all the way to $20.9 or more.