Market Psychology: Analysis of Trends on Internet Computer (ICP)
The world of cryptocurrency 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 benefit from market psychology and analyze ICP trends using basic analysis and technical indicators.
What is an internet computer?
The Internet PC (ICP) is an open source decentralized operating system that allows you to safely, decentralize and change data storage. 2017 Founded by Alexander Zumopul and Stephen Lang, the project seeks 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, biases 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 driver of market instability and greed often leads to excessive purchase and sale activities.
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- Risk of Vingis : Investors tend to choose more festive investments such as traditional assets such as shares or bonds that offer a lower return, but also provide a level of stability.
ICP Trends: Basic Analysis
To analyze ICP trends using basic analysis, we will look at the following factors:
- Income growth : ICP revenue has been steadily increasing after its establishment in 2017.
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- Signs Delivery : The total supply of ICP tokens is limited by 10 billion, which gives a stable price for the price.
- Market capitalization
: The market capitalization of ICP has increased over time, indicating an increase in investor interest.
Technical indicators
To determine the possible trends and models in the ICP market, we will look at 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 Power Index (RSI) : RSI at less than 30, shows too much and over 70 resale signals.
- Stochastic oscillator : This indicator helps to determine the trends and acceleration of market prices.
ICP Trends: Technical Analysis
Based on the ICP tendency analysis, using basic and technical indicators, we can observe the following models:
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- Rastancetrenda : RSI has exceeded 70, signaling that the price can experience too much.
- Stohastic oscillator : The stochastic oscillator is currently more than 20, which shows a market for resale.
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 can affect ICP prices.