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Technically, ICP is in a big weekly downtrend. When we look at the 4h timeframe we see that the price structure made an all-time low a few days ago when the price reached 26.88 USDT per ICP. After that it bounced right back to the upside and now it is consolidating in the 35 USDT price area. The odds for a move to the first resistance area or a retest of the low is 50-50. If you are a long term investor this is the time to add to your position. Keep in mind that we are in a big downtrend.
Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
When it will hit 1000$? Is it possible in couple of years?
Salvaaa
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Is it still time to buy? Good analysis!
CobraVanguard
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keep the good work!
financialflagship
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@T_V_TreeTrader, Thanks a lot!
SignalProvider
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quality stuff
where is your target bro?
financialflagship
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@SignalProvider, if it is consolidating at this resistance area, the higher probability is a continuation to the upside. It could go to 60 USDT. But we have to see the structure here at this consolidation.