Market Psychology: Analyzing Internet Computer (ICP) Trends

Market psychology: Analysis of Internet computer trends (ICP)

The cryptocurrency world has experienced significant growth and volatility in recent years. As the blockchain increases, investors and traders were attracted to various digital assets, including Internet (ICP). In this article, we are considering market psychology and analyzing ICP guidelines with basic analysis and technical indicators.

What is the Internet computer?

The Internet PC (ICP) is a decentralized and open source operating system which allows secure, decentrated and scalable data storage. In 2017, the objective of Alexander Zoumropoulis and Stephen Lang was to provide a platform for different applications, including decentralized data storage, content creation and digital properties management.

Market psychology

Market psychology plays an important role in determining cryptocurrency prices. Investors and merchants guide the emotions, biases and psychological factors that influence their decisions. Here are some of the key aspects of market psychology which affects orients:

• Fear and greed : Fear is the main controller of market instability, while greed often leads to purchases and excessive sales.

• Confirmation exception : Investors try to find information that confirm their existing opinions, which can lead to poor security or poor confidence in the value of property.

• Integrated cost error : The tendency to maintain a loss of investment due to the cost of maintenance, even if it is no longer sensible from an economic point of view.

• Social influence : Social media and online communities play an important role in the conception of market emotions, and influencers and fame will often reject certain funds.

• Avoid risk : Investors prefer safer investments such as traditional funds such as stocks or bonds which offer lower return but also offer stability.

ICP trends: Basic analysis

To analyze the ICP orientation by basic analysis, we explore the following factors:

• Revenue : Return ICP has increased regularly since its creation in 2017.

• Winning margins : When you start the scales and get more users, the beneficiary margins are likely to improve.

• Takes : the total number of ICPs is 10 billion, providing a stable base for price stability.

• Market value : The market value of the ICP has increased over time, indicating the growing interest of an investor.

Technical indicators

In order to identify the possible trends and models of the ICP market, we will study technical indicators such as:

• Middle Mobiles (MA) : 50 days, I act as a medium -term trend filter, while 200 days my offers a longer -term perspective.

• Relative resistance index (RSI) : Reading RSI less than 30 indicates additional conditions, while more than 70 signals of conditions of surface.

• Stochastic oscillator : This indicator will help identify trends and market prices speed.

ICP trends: Technical analysis

Based on the analysis of ICP trends, basic and technical indicators using the following models:

• Tendency insurance : 50 days, MA is an upward trend, indicating a potential increase.

• Intermediate products : RSI reading has exceeded 70, which means that the price can have overloaded conditions.

• Stochastic oscillator : The stochastic oscillator is currently greater than 20, which refers to the superiority market.

conclusion

Market psychology plays an important role in the conception of ICP orientation. By analyzing fundamental and technical indicators, we can identify potential models and trends that can affect ICP prices.