Market Psychology: Analysis of Internet PC (ICP) Trends
The cryptocurrency world has grown significantly in recent years. With the increase in blockchain technology, investors and traders, they were attractive to various digital assets, including the Internet (ICP). This article will take advantage of market psychology and analyze ICP trends using basic analysis and technical indicators.
What is an Internet computer?
The Internet PC (ICP) is a decentralized, open source operating system that allows you to safely, decentralize and change data storage. 2017 Founded by Alexander Zoumropul and Stephen Lang, the project sought to provide a platform for various programs, including decentralized data storage, content development and digital property management.
Market Psychology
Market psychology plays an important role in determining cryptocurrency prices. Investors and traders are encouraged by emotions, bias and psychological factors that influence their decisions. Here are some key aspects of market psychology that affect ICP trends:
- Fear and greed : Fear is the main engine of the market volatility, and greed often leads to excessive purchase and sale activities.
2.
3.
4.
- Vingis risk : Investors tend to choose safer investments such as traditional assets such as stock or bonds that offer lower returns but also provide stability level.
ICP Trends: Basic Analysis
To analyze ICP trends using basic analysis, we will examine the following factors:
- Income growth : ICP revenue has increased steadily since its establishment in 2017.
2.
- Sign supply : The total supply of ICP tokens is limited by 10 billion, which gives a stable price of price stability.
- Market capitalization : ICP market capitalization has increased over time, indicating increasing investor interest.
Technical indicators
To determine possible trends and models on the ICP market, we will examine technical indicators such as:
- Average average (MA) : 50 days MA is a medium -term trend filter and 200 days MA provides a long -term perspective.
- Relative Strength Index (RSI) : RSI in less than 30, shows too many and over 70 signals resold conditions.
- stochastic oscillator
: This indicator helps to determine market price trends and acceleration.
ICP Trends: Technical Analysis
Based on ICP trends analysis using basic and technical indicators, we can monitor the following models:
1
- Restancetrenda : RSI has exceeded 70 by signaling that the price could experience too much.
- Stochastic oscillator : Stochastic oscillator is currently greater than 20, which indicates a resale market.
Conclusion
Market psychology plays an important role in the formation of ICP trends. After analyzing the key and technical indicators, we can determine possible models and trends that may affect the ICP prices.
Leave a Reply