Looking at the RSI, MACD and volume there aren`t any signs of a reversal in price. There is just no momentum, no will to buy for a long term at these prices, oscillators making lower highs and following price. On the mid-long term I think this is going to drop to $5. Even in those price levels there will be a high risk in buying into the altcoin market, are these companies really going to solve the problems of a monopolized internet by US tech giants, or are they just creating new problems with other owners, i don`t know, but i do know that we aren`t going to find out in a long, long time.
Trade closed manually:
Looks like the falling wedge was the correct trend after all and ICP is still trading inside
Comment:
Comment:
Comment: $5 Hit and gives some temp support as predicted in my initial idea, with the information we have now, no i don`t think $5 is going to hold.
Comment:
Trade closed manually