Get started
thedutchgopher

Will $5 be a strong support zone for ICP

Internet Computer / Tether (COINBASE:ICPUSDT)  
thedutchgopher Updated   
COINBASE:ICPUSDT   Internet Computer / Tether
Trend Analysis Chart Patterns ICP Bearish Patterns
5
3
trendanalysis chartpattern icp bearish
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
snapshot
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.