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.
Ascending or descending triangle, if there are corrections on btc and btc drop to 38k icp will go again to 10, if not will go up to 23 usd, clear triangle will see if up or down
Lets say that we have a standard bull run and we go to 8 trillion MC for the entire market. And now lets say CRYPTOCAP:ICP captures 2% of that as a normal successful blue chip project. That is 160 bill MC. That is approximately 350 bucks per ICP. Totally realistic.
Lets look at an optimistic scenario. Lets say that crypto surprises everyone to the upside and we...
ICP did more then a 5x from the bottom and is now consolidating at 4x in a bull flag pattern. The next move could be really fast as well. I would be surprised if we double from current prices in just month/ month and a half.
Not that i can do anything about it. Im staked.
CRYPTOCAP:ICP settled nicely along the the EMA and Gaussian Channel. This looks to be a solid short term ascending channel. Bulls are gearing up for a break past the $16-$17 range, to apply the pressure.
Looking into ICP's technology, it is nothing short of fascinating in comparison to industry competitors and worth another deep dive by all investors at current prices.
Get ready for a shake-up! ICP, a blockchain technology, offers unique features that could disrupt the cloud market:
Sovereign Chains:
Each application enjoys its own secure chain, boosting privacy and control.
Data Ownership:
Users control their data, attracting privacy-conscious organizations.
Community Governance:
Open and transparent governance fosters...
I've seen this formation occur many times. If the pennant formation occurs, it will move at least the width of the pennant in the positive vertical direction.
Watching ICP charts for a while I have noticed it often likes to break upward from descending wedges. We may be in one now and see a shot upward in the coming days. but, unless we hold this area and break back above $12.20 we are still in a downtrend seeing lower highs and lower lows. If we fall below $9.50 I think we are likely heading to $6.20 support.
IMHO
IF ICP gets to what Solana MC was last cycle top aka 77B, its going be worth 170 dollars.
Plot twist, half of the ICP supply is currently staked/locked or in other words can not be sold. Second plot twist with all of the wall street money coming in crypto this cycle, what if the total MC surprises everyone and gets to something crazy like FWB:14T ? Im just...
Well, should have saw it coming. Greed factor was too high across crypto.
Hopefull this is it for now.
Bullish divergence in purple
Double bottom dotted green
Self Explanatory.
Not investment advice.
It looks as if this clown has bottomed out the internet computer.
This is an insane deal.
I believe ICP will be a top 5 or 3 player as far as MC down the road.
Very low circulating supply.
Not investment advice.
Sigh,
Finishing a brutal broadening pattern and we are bouncing off a newly discovered trend line.
Well the good news is ahead of us, try not to dwell on the past.
Let's see where this takes us.
Long term this chart looks amazing.
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.
