SHORT #ICPUSDT30m TF. The instrument has formed a descending structure in the form of a triangle with a decrease in the highs, which indicates the strength and activity of sellers pushing the price to a break. Strong support levels have also formed, which have accumulated a lot of liquidity over many touches.
I am considering a smooth approach with trading near the levels and accelerating the tape of transactions before the breakdown.
1 TP — 9.216
2 TP — 9,148
3 TP — 9.074
ICP / UST
4.74280000USDTR
−0.09890000−2.04%
Last update at Jul 7, 18:21 GMT
USDT
No trades
ICPUST trade ideas
Long signal for ICP/USDTThis technical analysis is based on the daily chart of ICP/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 11.854 USDT.
Entry and Exit Points:
Entry: 11.854 USDT
Take Profit: 17.325 USDT (46.19%)
Stop Loss: 10.857 USDT (8.41%)
R/R Ratio: 5.49
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 5.49, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Is ICP Ready to Skyrocket or continue bearish? Find Out Now!Yello, Paradisers! Is #ICP about to make a huge move? Read on to find out if this is a breakout or a fake-out!
💎#ICPUSDT has broken out of the descending resistance with a strong green candle, suggesting a potential bullish momentum. However, the price is currently facing rejection at a key resistance area. The Fibonacci retracement level indicates a high probability that the price will retest the demand zone at $8.55 before attempting another breakout to hit our target area.
💎If ICP manages to break out directly without retesting the demand zone first, there's a high probability that the price will continue its upward movement. This could signal a trend reversal back to a bullish momentum, likely reaching our target strong resistance area.
💎On the downside, if ICP fails to bounce when retesting the demand area, the price might head towards the Bullish Order Block (OB) area. If the price hits this zone, we can expect a significant rebound back to an upward trajectory.
💎However, if ICP fails to sustain above the OB area at $7.05 and breaks down below it, this would invalidate the bullish scenario and signal a bearish trend. In this case, there's a high probability that the price will continue downward and dip further.
Trade smart, Paradisers, and stay disciplined.
MyCryptoParadise
iFeel the success🌴
Internet Computer: Bullish Chart + Trade Signal ->14% PotentialICP continues its solid uptrend and has recently climbed above two significant levels. Additionally, it flashed a strong buy signal on the daily chart. Here are all the details 👇
1️⃣ Downtrend + EMA200 Resitance Smoked ✅
After hitting its local bottom at the beginning of July, ICP smashed two crucial resistances just one week ago. Almost simultaneously, it climbed above its long-term downtrend line and the EMA200. Additionally, it retested both levels shortly after.
2️⃣ Long-term U-Shape ✅
At the beginning of June, ICP lost the crucial support at ~11.6 and consequently dipped hard. However, the token has formed a U-shape pattern that points back to the previous support.
3️⃣ Just today, ICP flashed a strong buy signal on the daily chart. The EMA crossover signals an even stronger uptrend and shows solid backtest results (although based on a few appearances).
💡Putting it all together
Based on the recent performance, the chart pattern, and the trade signal, it is likely that ICP will tackle the resistance at ~11.6 next. Based on the current level, it has a potential of 14%. Logically, a break of the resistance would indicate a much higher potential.
Internet Computer ICP price shows signs of lifeAgainst the backdrop of today's software failures of millions of users around the world, it will be symbolic to consider a coin - #InternetComputer
In the previous idea, 7 months ago, there was a recommendation:
“place a pending buy order for CRYPTOCAP:ICP around $6 and wait”
The minimum was $5.80
Basically, nothing has changed globally on the OKX:ICPUSDT chart - a long consolidation, heavy protracted growth, and then the same correction.
The chart shows a 3D time frame. Therefore, this idea is probably more for those who have been holding #ICP for a long time, rather than a recommendation to buy it in an investment portfolio.
Keeping the #ICPUSD price above $7.50-8 is a long situation.
And then, if we are lucky, the price of #ICPUSDC will rise to $40 by the end of the year
_____________________
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ICP Huge Accumulation - Monster Pump IncomingICP is showing absolutely no signs of slowing down here. This is a giant accumulation, and the 4 hour money flow hasn't looked this strong in ages! I would look for one last small pullback to backtest the range resistance/AR & SOS highs, maybe a little bit of consolidation on top of them, and if they hold, we're going much higher from here!
I would look for longs at these 2 levels:
$8.356
$8.557
ICP → Time to Long at $9? A Buy Opportunity Is Waiting!Since my April 24th update, ICP has fallen into a pullback, as expected. We found resistance just shy of $21.00 and then pulled back in two strong legs. Should we be bearish or bullish on ICP?
How do we trade this? 🤔
As expected, ICP found resistance at the Resistance Zone of below $21.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us below the Support Zone at a low of $5.80. We now see the price strongly responding to this are and is now above the Support Zone with a strong bullish candle closing on it's high.
It's reasonable to enter a long here given that strong bullish candle close. It would not hurt to wait for a confirmation candle but since we've closed above support, you could take a slightly lower probability trade here and have a high probability of hitting the first take profit target of $11.225. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in DOGE.
A final point of data is the RSI low and above the moving average of around 56.00. This indicates we are into the swing high and a long entry at this stage is warranted.
💡 Trade Idea 💡
Long Entry: $8.45
🟥 Stop Loss: $5.675
✅ Take Profit #1: $11.225
✅ Take Profit #2: $14.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three legs up toward a resistance zone after a breakout
2. Head and Shoulders reversal pattern
3. Two-legged pullback to the Support Zone at $8.23
4. Long entry justified at current Signal Candle close above Support Zone
5. RSI at 56.00 and above the moving average. Supports a long entry.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Internet Computer | ICP 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 be used to build almost any Web 2.0 online system or service, and web3 services, including web3 social media services, without any need for centralized traditional IT such as cloud computing services. It also enables smart contracts it hosts to directly create transactions on other blockchains, which in turn enables the full end-to-end decentralization of online services and web3
The project was founded in October 2016 by Dominic Willams and has raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital...
now lets talk about the chart, as you can see ICP try to break the downtrend (red lines) , the price turned up on April 27 and started a strong recovery. bulls won point of control and candles are above Ema 50 . the RSI has jumped into positive territory as well. bulls also try to hit 6.9 first then 7.5$
ICP FINALLY BOTTOMEDWith the current state of ICP being increasingly bearish over the past 3 years. I feel like we have officially reached the bottom for the bears. ICP has unlocked 89.5% of the total supply. Their is only 54.49 million ICP left to be unlocked. If ICP were to remain at $7.27 the market cap would be $3.78b which is roughly a $365m increase in market cap, which tells me price cannot fall much further than it already has.
With that being said, I've marked fib levels from the highest high to the lowest low on the weekly, to figure out where ICP can go over the next 3 years in a bull market. If we're bottomed here & can form a higher high at the .286, that would provide a 6000% gain at current price .
I thoroughly believe in ICP as it is renowned in the WEB3 world & has so much potential to regain its position within the top 5. Many of you will think this post is delusional, however if theres any blockchain that can back a huge gain, ICP is definitely in the top 3.
Peace & Prosperity
As Always
- Kaia Tait.
ICP/USDT Trading ScenarioAmid the negative news about Bitcoin, the price of ICP significantly declined, falling from a local high of $20.937 to $5.837, a drop of over 71%. The asset's price chart has fallen below the 0.75 Fibonacci level, which is often interpreted as a favorable buying zone.
From the perspective of volume profile, the area of interest for market participants is significantly higher, in the range of $13.041.
Currently, there is a positive reaction from buyers at the $5.837 mark, as evidenced by the formation of a daily pin bar. This signal could indicate a potential trend reversal and the beginning of an upward movement, as a pin bar typically signifies a change in market sentiment.
Key support levelThe support level at $7.6 acts as a strong support zone. If the price can maintain this level, a new upward movement is likely to begin.
The price reaction to this support level is crucial. If we see signs of this support holding, the likelihood of an upward move increases.
If the support holds, we expect the price to first reach the level of $10 and then $12.
Risk and Trade Management: If the support at $7.6 is lost, attention should be given to the next support levels.
ICP best alt for entering now,The updated estimate for the circulating supply of ICP in May 2025 is 494,791,355 ICP
Therefore, if the price of ICP reaches $500, the estimated market capitalization would be approximately $247.4 billion
Therefore, if the price of ICP reaches $300, the estimated market capitalization would be approximately $148.4 billion
knowing the maximun of total marketcap will be around 8-11T (10T)
At $500 per ICP: Likely within the top 5, around 3rd or 4th place.
At $300 per ICP: Likely within the top 10, around 5th to 7th place.
I highly encourage you to buy ICP right now, it will minimun go to 100 usdt, its alredy a x14 of the total investment
ICPUSDT Elliott Waves Analysis (Investment idea)Hello friends.
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Everything on the chart. (update)
Everything according plan, we're in global buy zone.
Buy zone: 8.5 - 6.5
Targets: 25 - 50 - 90
Cancellation of setup - consolidation under ~3.5
RR: 1 to ~22
risk is justified
Good luck everyone!
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It's not financial advice.
DYOR!
ICP/USDT June-2024While Bitcoin is experiencing a choppy price range and altcoins face significant pressure, Internet Computer (ICP) is demonstrating resilience, holding its value steadily. Despite the turbulent market conditions, ICP's long-term chart pattern remains promising. I've identified two key levels for buying and accumulating ICP in spot trading, positioning for a potential rally in the future.
If you've been following my past analyses, you'll know that my strategies are mid-term, often requiring weeks or months to achieve their price targets. The objective is to maintain patience and stay calm amidst macroeconomic stress, aiming for substantial profits through well-timed trades.
Patience and Timing: Each chart is designed with a mid-term perspective. This approach requires patience, as market movements can take time to reach their targets.
I've pinpointed two strategic levels to buy and accumulate ICP. These levels are critical for maximizing potential gains during the next rally.
It's crucial to manage your funds wisely. If the market loses the main support area, be prepared to exit your positions. However, stay alert for potential shakeouts—temporary drops that regain support—providing opportunities to re-enter the market.
Remember, the strategy for taking profit isn't about hitting an exact number. Instead, we focus on areas of possible resistance. As we approach these areas, we move our stop-loss orders higher, allowing us to follow the price action toward higher targets. This method helps secure profits as the rally progresses.
Always have a plan for both entry and exit points. By adhering to these strategies, we aim to optimize our trading outcomes and secure massive profits.
Successful trading involves understanding the rules and executing them with discipline. Stay focused, manage your risks, and be ready to capitalize on market opportunities.
Happy trading!
