ICP broke out of long downtrend + EMA 50 and 180 soon to cross!
Last night i had a nightmare that ICP dropped to 20$, and its good that nightmares don't come true.
As of this moment ICP has broken out of 2 month long downtrend and if today we stay above 48$ and don't fall back to 43$, then the 50 day and 180 day Exponential moving average lines will cross for first time since 6 august(3months ago), at that point we can see a good uptrend to 80$+
Fingers crossed and keep it safe. Do not overleverage as this asset is volatile.
Hit a like and follow if you appreciate my comment and have a happy day!
As of this moment ICP has broken out of 2 month long downtrend and if today we stay above 48$ and don't fall back to 43$, then the 50 day and 180 day Exponential moving average lines will cross for first time since 6 august(3months ago), at that point we can see a good uptrend to 80$+
Fingers crossed and keep it safe. Do not overleverage as this asset is volatile.
Hit a like and follow if you appreciate my comment and have a happy day!
Comment:
By looking at MacD levels ICP will very soon drop to 48$ range. As lines are crossing to downside any hour now. We should bounce on 48$ range and there is a new support level that has now established after we broke the long term downtrend resistance.
Comment:
But there is a chance that we do touch the 57$ as well and then come down to 50$ for a retest. Both chances are equally possible in the next 24h
