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financialfreedomgoals101
Oct 24, 2021 2:10 PM

ICPUSD: RISING WEDGE PATTERN, CONFIRMATION OF SHORT OPPORTUNITY? Short

BINANCE:ICPUSDT240
ICP / TetherUSBinance

Description

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Hello Enthusiast Coin Traders! Here's long-term outlook for ICPUSDT, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)

ICPUSDT is breaking out of the Rising wedge pattern. Breakout of Rising wedge pattern could be an indication of bearish trend. The momentum indicator already crossed below the zero area, it signify the potential of bearish trend ahead.

The roadmap will be invalid after exceeding the resistance/target area.

DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.

Trade closed: stop reached

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Support area reached, False Break

Comment

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Create another false break lol :)
Trend AnalysisChart PatternsTechnical IndicatorsICPUSDTICPUSDTPERPDOTUSDTBTCUSDTaltcoinscoinbasesignalscryptosignalscryptotrading
Comments
EzraCrypto
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this isn't right, if you draw a line from the last high ICP made with that new bottom price, it broke the downtrend and retested that line. Also that 42.22 bottom value was on another long term support. We going up from here !
islandbouye
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@julienCRYPTO88, I agree
Simphomestrong
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Thank you for the analysis.
Still keeping my faith on this one in Long position
financialfreedomgoals101
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@Simphomestrong, you're welcome :)
Mr_Ross
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ridi golam
ChauLaoDe
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great. this is the chart I want to find. I found a short idea on tradeing view now.
EzraCrypto
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@ChauLaoDe lol you must have gotten rekt
ChauLaoDe
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@julienCRYPTO88, no i'm betting Long :D. I try to find a short chart to bet Long
xizha127
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I think you hit it on the spot, I was bullish on ICP as well, but I can't see it happening as of now, it will explode later though.
financialfreedomgoals101
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@xizha127, Thank you for the comment. I hope so, Let the market decide where it will go :)
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