ICP Possible long position forming - breaking resistance
An old resistance line coming Sep 2021 was finally broken.
I expect accumulation for a while and when the volume goes very low, I expect a bullish rally to pump it up towards $10.
For the long term: price must close above $13 to start a proper 100%+ rally. Otherwise, it's still bearish down to $4.
Link to previous chart below.
Keep your eyes out for this one, as of right now it's in murky waters, and could very well for a strong rally out of nowhere.
\\ PLEASE ZOOM IN TO SEE THE TEXT BETTER
I expect accumulation for a while and when the volume goes very low, I expect a bullish rally to pump it up towards $10.
For the long term: price must close above $13 to start a proper 100%+ rally. Otherwise, it's still bearish down to $4.
Link to previous chart below.
Keep your eyes out for this one, as of right now it's in murky waters, and could very well for a strong rally out of nowhere.
\\ PLEASE ZOOM IN TO SEE THE TEXT BETTER
Comment:
False break, continuing down still
Trade active:
Up trend confirmed.
Trade closed manually:
Closing below the Stop loss limit of $7. VERY Bearish sign!
