ICP is of my interest because of the project, the team and their continuous dev activities.
In my opinion, after a long period of declining (check my previous trade in the link below), ICP has found its bottom. However, in short and mid-term, ICP is going to consolidate in a range from $3.5 to $7.5.
I'm waiting for it to be back in the demand zone to fill my bag.
What do you think about this crypto, the project as well as this analysis?
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ICP (Internet Computer Protocol) is a cryptocurrency associated with the Internet Computer blockchain, developed by the DFINITY Foundation. The Internet Computer aims to create a decentralized and secure blockchain platform that can host a wide range of applications and services, providing an alternative to the traditional centralized web infrastructure.
Key features and concepts of the Internet Computer include:
Decentralization: The Internet Computer aims to be a fully decentralized and censorship-resistant blockchain network.
Canister Smart Contracts: Instead of using traditional smart contracts, the Internet Computer uses "Canister" smart contracts: secure and scalable building blocks that enable the creation of decentralized applications (DApps) and services on the network.
Internet-Scale: The Internet Computer is designed to be internet-scale, meaning it can scale to handle vast amounts of data and user traffic without compromising on performance.
On-Chain Governance: The network implements an on-chain governance system that allows token holders to participate in decision-making processes, such as protocol upgrades and changes.
הערה:
In my opinion, deviation from the range would be possible. I'll accumulate more ICP in $3-$3.5 if prices go here
הערה:
I accumulated first ICPs in the waiting area
הערה:
It is possible that we can buy ICP a lower prices (-20% from here). I'll wait to add more ICP if this happens.
הערה:
Still in the accumulation (yellow) area however i'll ready to accumulate & hold at the lower trendline of the descending channel. A Long setup would be a good idea also, if prices get there
הערה:
My first accumulation done. Will add more if Spring event comes or at the retest of the dashed trendline (of the descending channel).
הערה:
ICP had finished ST in phase B event and moving up (30% since my buying price)
הערה:
ICP has increased almost 70% since my preference buying price (in yellow area). Today, it is breaking the discontinued trendline. Something is really moving for ICP:
הערה:
ICP performed very well recently. Almost x2 from my buying price.
In mid-term it would reach $22 (x7). ICP is one of my favorite cryptos because of its fundamental aspects but it will need a good patience to hold the bag for years (from now).
In mid-term it would reach $22 (x7). ICP is one of my favorite cryptos because of its fundamental aspects but it will need a good patience to hold the bag for years (from now).
הערה:
ICP almost made x4 from my buying price. In the next bull-run (2024-2025), my mid-term and long-term targets are $24 and $85. In the far future, it would come back to $250?
הערה:
ICP made an x5 from the proposed buy zone (yellow).
I took partial profit at $15.
Next profits will be $22, $85 and above
I took partial profit at $15.
Next profits will be $22, $85 and above
הערה:
ICP is breaking the current resistance at $16. If succeeding, the next one is $22
הערה:
The current resistance around $15 is being broken. If successful, next target for taking profit will be $24 (almost x7 from entry). I actually expect higher TPs at $85 and $250 for this cycle.
