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ICPUSDT.3S trade ideas

🚀ICP Breakout Alert: Get Ready for the Surge 🌟💎 Paradisers, #ICP has broken out of a descending channel and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move. 💎 The candle has closed above the resistance level, but I am expecting a slight retracement to trap buyers. We can then anticipate a bullish movement from the Fair Value Gap (FVG) zone. Be cautious here and look for bullish signs. 💎 Price may also retrace from here and find support at the bullish Order Block (OB) level, after which we can expect a bounce. So, design your strategy for #ICPUSDT accordingly. 💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and the right shoulder of the inverse head and shoulders pattern, it will invalidate the bullish signs. In this case, it would be better to avoid it and wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
ICP: Bullish Patterns Forming Near 200 EMA💎 ICP is currently forming an inverse head and shoulders pattern near the 200 EMA, with additional bullish indications such as CHoCH and Break Of Structure (BOS) occurring within this pattern. These factors contribute to a bullish market structure, which is further supported by the overall uptrend. 💎Furthermore, ICP/USDT is adhering to a supportive trendline, reinforcing the bullish sentiment. A bounce from the bullish order block (OB) can also be anticipated if the price demonstrates bullish candlestick patterns at this level. 💎However, if the price falls below the demand area, it would be considered a breakdown, signaling a potential shift to bearish movement in the market.
by MyCryptoParadise_Nathan
ICP/USDT: Bearish Head and Shoulders Pattern - Stay Alert!💎 Paradisers, Let's dive into ICP/USDT on the daily chart. We're spotting a head and shoulder pattern. Now, while this pattern's reliability isn't typically strong near market bottoms, the overarching bearish sentiment in both ICP and the broader crypto market boosts the likelihood of this pattern playing out. 💎 For the bears to take control, we need to see a breakdown below the pivotal level of 3.146, followed by a retest. If that happens, we could be looking at a slide down to the next demand zones at 2.314 and 1.792. 💎 Keep your trading strategies flexible and stay alert, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
bollinger band educational postBollinger Bands are a type of technical analysis indicator that are used to measure the volatility of a financial instrument. They are plotted two standard deviations away from a moving average, which serves as a measure of the instrument's midpoint. The bands are plotted on a chart, usually alongside the price action of the financial instrument being analyzed. The upper Bollinger Band is plotted at the level of the moving average plus two standard deviations, while the lower Bollinger Band is plotted at the level of the moving average minus two standard deviations. If the price action of the financial instrument moves away from the moving average, it is considered a signal of increased volatility. Bollinger Bands are used by traders and investors to identify potential buy and sell signals. For example, if the price of a stock moves to the upper Bollinger Band, it is often considered overbought and a potential sell signal, while if the price moves to the lower Bollinger Band, it is considered oversold and a potential buy signal. It is important to note that Bollinger Bands are just one of many technical analysis tools, and they should be used in conjunction with other indicators and fundamental analysis to make informed trading decisions.
Education
by nawaab001
38$ Soon ?? ICP Price Prediction -2022Internet Computer ( ICP ) holds the 38th position on Coin Gecko right now. ICP price prediction 2022 is explained below with a daily time frame The above ICP daily chart laid out a Descending Trend Line Breakout, also known as the Falling Resistance Trend Line . The upper trendlines connect the Lower High. This pattern is generally a characteristic of a bullish trend . We can expect a breakout from the 5th Resistance Zone . Currently, ICP is trading at $8.63. The breakout Level of ICP is $10.50, If the price has breached the breakout level, then the price of ICP might reach the next resistance level of $22.39 and $38.54. If the trend reverses, then the price of ICP may fall to $5.00 Internet Computer ( ICP ) Support and Resistance Levels The chart below shows the support and resistance levels of Internet Computer ( ICP ). Resistance Level 1 $10.50 Resistance Level 2 $22.39 Resistance Level 3 $38.51 Support Level $5.00 The charts show that ICP has performed a bearish trend over the past month. If this trend continues on the higher side, ICP might run along with the bulls overtaking its resistance level at $10.50. Based on the recent volume it shows some good signs in the current market. Will see after Breakout Thanks Happy Trading!!!! Trading View India community
Long
by TheNewsCrypto