Coin Of The Week
07/12/2022 - 07/16/2022
Internet Computer
Background Information: - Blockchain Network that Aims to enhance & expand the "Current Public Internet"
- Engine of ICP Ecosystem
- Allows Complete 1-2 seconds transactions
- Increases Network Scalability
Network Scalability is increased by adding NODES and generating SUBNETS
"Simplifies the Transaction Process"
- Unique Features
- Anyone can create software & run it on the internet; develop DeFi applications
- Works at Web Speed
- " ICP is the fastest & Only Infinitely scalable general-purpose blockchain"
-Launched By DFINITY Foundation May 2021
Main Purpose:
Become "World Computer" hosting Web3 dapps, DeFi, Games, NFTS, Social Media & Metaverse
ICP Call
This project has potential to 10x or even 100x your investment! Its mission is to change the way we use our internet. ICP can show some green momentum through this week. Price has been very undervalued, and we can see a pump from being oversold for quite sometime. The The graph shown above, you can see when the Weekly time frame candles start to curl upwards, we always see a pump to the previous low.
The Chart below, you are going to see White Lines that were placed by a Fib Retracement Tool.
Top to Bottom$70.99
$56.91
$44.82
$37.06
$$24.90
$15.89
Current Price Of ICP: $6.54
If history has taught us anything, it is that it repeats. . . . most of the time, so we can see a pump this week to Target Price ( $15.89 ) Our closest Previous Low.
Then, possibly continue the downtrend till the Bulls return to play with the bear's balls. If we continue a break above our Target Price, the VWAP shows a major rejection at the BLUE LINE. If we continue to push about $15 and gain more momentum we will stop at $19.53
