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ICPUSDT.PS trade ideas

ICPUSDT trading IdeaThe ICPUSDT pair has recently broken out of a falling wedge pattern, indicating a potential bullish reversal. The area of interest zone is currently a prime location for accumulation, as it offers an attractive risk-reward ratio for traders. Should the price break above the local supply zone, it is expected to reach a mega target of $28. On the other hand, a failure to hold the area of interest may result in a bearish continuation towards the landing zone, as shown on the chart. It is important to note that this is just a technical analysis and does not take into account any fundamental factors that may impact the price of ICPUSDT
Long
by weslad
7
ICPUSDTHow do you do dear followers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ICPUSDT Here we have R3, R2, and R1 as resistance areas that demonstrate the price was not able to rise at different points. S1 used to be a resistance area. And finally, S2 is our long-term support area including the well support of price since the past. We have the fluctuation of price below S2 after not being supported but it could break this area upward and another rejection at R1, it fell down to S2 and finally it faced another rise toward our first resistance line. Therefore, we have the price fluctuating below R1 after being supported at S2 area and experiencing a great rise up to here. We expect it to continue its rise up to our stop-loss point and then see another decline in its trend by falling down to the first support area. By having some falling signs at R2, and via not being supported there, more decline is predicted for it to touch lower amounts. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a nice time
Short
by MarsSignals
12
ICP inverted head and shoulders patternICP looks mega bullish. Recently we posted trading idea where we explained that ICP has been in the range since summer 2022: In this publication we would like to present another reason why ICP is bullish. What we can see on the chart is a potential inverted head and shoulders pattern which is mega bullish. The right shoulder is in a development phase . Once it's done, and we get a breakout we should see a masive move. Technical target from this pattern would be around 12,70$. You can also take profit at 9,78$ which is the top of the range and final target from our previous idea. Overall ICP looks bullish and it should rise in the next days and weeks. We are buying ICP. What about you? kind regards
Long
by vf_investment
6
ICPUSDTDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003
1
ICP USD Support ICP (Internet Computer Protocol) is a decentralized global infrastructure aiming to revolutionize the Internet by enabling a more open, trustless, and tamper-proof web. The project is backed by an experienced development team and strategic partnerships, but it faces competition from other layer-1 blockchain platforms and is subject to regulatory and adoption risks. The current state of the crypto environment is characterized by uncertainty and volatility, with Bitcoin's downward trend impacting other cryptocurrencies' value and investment activity. However, the increasing number of crypto users and growing interest in blockchain technology from businesses and governments show potential for future growth. ICP/USD is trading at a key monthly support level, signaling a potential price reversal. The weekly chart displays an Ichimoku cross, which could be a bullish signal, but remember to consider other technical indicators and market factors, as cryptocurrency markets are volatile and subject to rapid change. Before investing in ICP, consider the following factors: the project's roadmap and development progress, the team's experience and track record, community size and engagement, competition, regulatory environment, and overall market conditions. Staying informed about the latest developments is crucial for making well-informed investment decisions in the crypto industry.
Long
by aaronkaltman
1