ICPUST trade ideas
ICP potential LONG idea ICP is showing bullish signs after a nice surge to reclaim an important support level at 10+ now after some consolidation a bullish triangle is showing. It is retesting which is a great r:r entry
Details
- TP previous high of 11,7
- idea depends on BTC movement so manage your position.
- is close under 9
icp/usdt longT=17
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole).
Flag patterns are accompanied by representative volume indicators as well as price action.
Flag patterns signify trend reversals or breakouts after a period of consolidation.
ICP Did It! What is Next?In my previous analysis, I had mentioned that ICP coin would rise from $3.60 to $8.20. Despite ICP dropping from $500 to $3, it is still a strong project and my favorite coin. Unfortunately, due to VC involvement, the coin that had fallen so much has finally started to show a strong uptrend.
What is next? RSI is oversold, and price made a huge pump (+%50) since yesterday. Therefore, I believe ICP will make some corrections. As I point it out in the graph, if it starts to do some correction, I believe around 7.50$, we will see some reversal to go up to 15$. If it doesn't stop here, it can directly go to 15$, but I believe it will rejected from there and will do some corrections. In that case, I will publish a new analysis.
This is my trial. Not a financial advice.
ICP: Unlocking the Bullish Momentumn recent times, Internet Computer (ICP) found itself entrenched in a prolonged downtrend, strategically accumulating liquidity from the market's upper echelons. This downtrend persisted until a noteworthy shift in its trajectory transpired.
Navigating the Downtrend:
Accumulation Phase:
ICP meticulously gathered liquidity during its descent, setting the stage for a calculated shift.
Breaking the Bearish Mold:
Bearish Prelude: Fakeout and Resilience:
A bearish prelude unfolded with the formation of a deceptive bear flag, indicating potential downside.
Contrary to expectations, ICP swiftly pivoted, establishing a resilient double bottom pattern.
The Resurgence:
Sharp Uptick: A Bullish Resurgence:
A sudden and robust upward surge followed the double bottom formation, indicating a substantial change in market sentiment.
Breaking Free from the Downtrend:
Strategic Breakout:
ICP successfully breached the confinements of the prolonged downtrend, marking a significant departure from bearish market dynamics.
Anticipating Further Upside:
Strategic Outlook:
The successful breakout positions ICP for potential further upside, presenting an optimistic outlook for traders.
A prudent approach involves anticipating a retest of the daily imbalance level in the $7-8 range before expecting continued growth.
Closing Thoughts:
ICP's strategic maneuvers, from liquidity accumulation to breaking free from the downtrend, suggest a renewed bullish momentum. Traders eyeing opportunities in this landscape should remain vigilant for potential entry points, with a keen focus on the impending retest in the specified price range.
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ICPUSDT: Ascending to New Heights! 🚀💹Introduction: 🌐 Brace yourselves for an exciting ascent in the crypto sky with ICPUSDT! Traders are gearing up for a long position from $11, as the price approaches a compelling level. Let's unravel the details of this potentially rewarding trade.
Trade Details: 💰 The long position (#ICPUSDT) takes flight from $11, safeguarded by a stop-loss at $10.93. The rationale behind this move is the price approaching a fascinating level, amidst a confident ascending structure, backed by trading volumes and notable buyer activity.
Technical Analysis: 📊 Navigating the 1-hour timeframe, ICPUSDT is steadily approaching a significant price level of $11. The ascending structure remains robust, marked by trading volumes and evident buyer activity. Upon reaching the designated peak, traders are advised to await the formation of consolidation before initiating a breakout.
Expectations and Strategy: 🎯 The trader anticipates potential gains of approximately 9%, emphasizing the need to patiently wait for consolidation post the designated peak and subsequently capitalize on the breakout.
Trade Target: 🚀 The primary goal is to ride the confident ascending structure, unlocking potential profits as the price ascends to new heights.
Conclusion: 🌟 ICPUSDT invites traders to ascend to new heights in this promising trade. Prepare for a journey of potential profits, exercise patience during consolidation, and get ready to ride the crypto waves to new heights! 💹🚀