ICP/USDT Local trend

Local trend (part of the secondary), clamping in the lower part of the channel (which was formed after the huge descending wedge broke down under the market dump). Logarithm graph. Timeframe 1 day.

Coin in coinmarket: Internet Computer ICP

Line chart.

Main trend
This is a wedge that was broken down after +40% growth and an unsuccessful retest (rationality under the market movements).
ICP/USD Main trend.Falling wedge

This is how the main trend looks now after the market dump. Pay attention to which zone the price is now.

Line chart. 3 days timeframe

Comment:

Please note that the price has been in a narrow range of 17% for 1 month already. (accumulation). Now the resistance of this clamp has its price. Level 6.09

Comment:

+55% at the moment from the reversal. Price is approaching the local resistance level of 9.84

Comment:

Trabajo local en el canal 101%.

El precio alcanzó el segundo objetivo del nivel 9.84 (9/12-21) +61% y se revirtió. Por el momento, el precio se mantiene cerca de la zona del meridiano lateral 7.34.

Las principales zonas locales de reversión de las que depende el desarrollo posterior de la tendencia (para todo el mercado, racionalidad) se muestran en el gráfico. También mostró de ellos% a los niveles principales.

Comment:

The price has been moving in a squeeze along the 6.09 level for 2 weeks already. The decoupling percentages (the rationality of the price movement under the general market trend) from this zone on the chart.

Comment:

Local work in a horizontal channel. +21% to the level of 7.34 (meridian, average price of the channel) and from it a rollback to the level zone of 6.09. In this zone, the local price consolidation in the rectangle is currently taking place. Local levels and zones on the chart. To increase coins, you can use local volatility.

Comment:

Local clamping was broken down, the price reached the first target level 5.21 The most important support. From it, after clamping in its zone, a reversal began (the trend of the entire market). On all alts, everything is almost the same.

Comment:

Comment:

the price has reached halfway to the second short target and is now returning from 4.66 (previous squeeze zone before reversal) to 5.21 to the mirror resistance level (previous support) of the large horizontal channel in 100% increments. Re test.

Short
If there is no breakthrough of 5.21 and no return to the channel zone (fixation above the channel support), the downward movement will continue.

Long
Breakthrough and consolidation is the first local movement to the resistance zone of 6.09, just this is the intersection of the downtrend of the main trend (69 signal down, remember the BTC peak and Musk signals).

In the global double bottom, but on condition that the price fixes above the mirror level (5.21 in red). General market breakdown.

Stop zones showed.
If you work short, I think your stop is worth 5.21.
Behind the tail (squeeze) are long stops.
It is rational to knock out on both sides.

Comment:

Linear. baseline. The reversal zone of the past local pumping and now. Catch the difference. On liquid instruments, this difference is crucial (the psychology of crowd behavior and the inability to keep the "tanker"), on coins with similar liquidity, it is relative to how the "desire to press" + monopolization of coins is decided (influence on the price at will, the crowd has no influence on the price) in "one hand".

Comment:

Also for better visualization. On the one hand, a hike under support by a large%, in our case -10.6% knocked out most of the stops of those who worked in the channel and long. But the difference from the last time is that the price was not returned back quickly (the squeeze last time), and now the price has every chance to fix under the support (this is bad).

This local retest will decide the further development of the trend. Although it is correct to say the general situation on the market, how on such altos this is done at will and rationality.

Comment:

2 11 local trading situation under the support of a horizontal channel.

On 9/11 in London, there will be a party at a bar called Rocket on the Isle of Dogs. This is not a joke, but from the official site..