ICP chart structure is healthy and attractive for investment; strong upward trend with relative strength and low volatility makes it a good buy.
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Okay, JC is curious, Chris, about your opinion on the ICP chart in the near and medium term. I heard about him recently . Yes, I mean, it's one of those sub-charts, you know, going back to Salty Savage's question, the sub-charts that didn't get much traction.
yes, I haven't looked at the ICP in a long time. So, let's see. Let me reset my account for 200 days. Well, I mean, I think the credit goes to the ICP. This is funny. Well, you know, this ...oh my god, is it higher than August's level?
Well , that's funny. There was no major breakthrough in August. Oh, I think he sort of did. No, that was in May. So, yes, in August...oh, well, I'm kind of mistaken. So, that was the August breakout, and it continued to rise.
So, that's power, as I say. This is certainly a relative strength. It is also above the 200-week moving average cloud, and the cloud's direction has reversed upwards. Yes, well, let's give everyone their due .
The ICP indicator looks good. I don't know what's going on there. Again, I have looked at the ICP index over months, many months. But this is a firmly established force here.
So, there are some things I've noticed. The price reached the D9 level a few days ago, then quickly surpassed it , almost erasing it . I mean, this cancellation level is around 358 or 360 , and it's currently at 342.
So, it's continuing its strong upward movement. The price reached level D9, then dropped slightly to its 20-day moving average, then jumped again and recorded a new higher peak.
So, I do n't know what's going on at ICP, but there's definitely strong demand. Yes.
I also like that it's not like crazy candles, and not like huge 300% highs. It is more like a regular downward pattern to this moving average, and a quiet, steady upward trend.
So, this graph looks healthy. It is true that it has started to lean a little towards a sharp rise, but in my opinion it is more attractive for investment than, for example, a quantitative chart, which makes me say: "I should buy this stock." I feel more comfortable buying this stock.
It is true that you made a mistake in determining the purchase level . The optimal buying level was around 290, as the price dropped again and touched the moving average. Then it rose again to 342.
So, buying is no longer as good an option as it was a few days ago. But overall, the graph is very healthy. I also like that it stayed within the Bollinger Band range for most of the time during this period .
I mean, it's at the top now, but anytime you find a chart that's rising to the right but staying within the Bollinger Bands and regularly returning to the middle of the moving averages, that's a good chart and easy to buy .
Because it is simply a stable, predictable price movement that is not very volatile, and generally you would not necessarily buy it and watch it drop by 50% . Of course, that could happen, but the probability of it happening is slim.
I'm just saying that this structure is good to research. So, yes. Good choice. Yes, a good choice. Good choice, JC, and thank you for bringing it to our attention because it was clearly not the case.
What this channel has said about $ICP
Real Vision has only this one call on this stock.