So is the honeymoon period over for the crypto recovery over TradingView community? Looking at several coins, we can see a similar pattern setting up. ICPUSD looks to be more on the weaker side so we have zeroed in on this coin.
Here are the points that have us looking for a new continuation lower. The counter-rally looks to have stalled. Sellers continue to pepper today’s price action. The last high looks to be an LH maintaining the normal pattern of trend. The MA and CCI both remain bearish.
It comes down to today’s session. Will we see a break of minor support signaling seller momentum is back? If sellers can take hold and beat support will also be looking for a break of the LL to show that the downtrend is looking to continue.
Good trading.