🎯 TP1: $2.3907 (+0.88%) │ TP2: $2.3693 (+1.77%)
🛑 SL: $2.4508 (-1.61%) │ R/R: 1 : 1.1
⚠️ SL is placed beyond the nearest candle wicks to reduce the risk of accidental triggering
FUNDAMENTAL BACKGROUND
No fresh news on the Internet Computer (ICP) project shifts focus to the broader crypto market, where Bitcoin and Ethereum show resilience. Data published on 26.08 was expected and did not exert significant pressure on the market. The market remains cautious ahead of the Federal Reserve (Fed) Chair's speech today at 14:00 GMT.
TECHNICAL PICTURE
The price of $2.4120 is below EMA20 ($2.43) and VWAP ($2.44), confirming seller pressure. ADX 15.3 indicates a weak trend with a bearish bias. MACD histogram is negative (-0.01) but close to the zero line, signaling potential consolidation. Key levels: resistance — $2.43–2.44 (EMA20 + VWAP), support — $2.40 (psychological level).
PROBABILITY MODEL
The probability of a bearish scenario (38%) is slightly higher than a bullish one (40%), but the overall mode remains weakly upward. Model confidence is 50% due to conflicting signals: MACD is near a reversal, but price is under EMA pressure.
DIRECTION
🔴 SELL — resistance at $2.44 (VWAP + EMA20) limits upside.
🛑 SL: $2.4508 (-1.61%) │ R/R: 1 : 1.1
⚠️ SL is placed beyond the nearest candle wicks to reduce the risk of accidental triggering
FUNDAMENTAL BACKGROUND
No fresh news on the Internet Computer (ICP) project shifts focus to the broader crypto market, where Bitcoin and Ethereum show resilience. Data published on 26.08 was expected and did not exert significant pressure on the market. The market remains cautious ahead of the Federal Reserve (Fed) Chair's speech today at 14:00 GMT.
TECHNICAL PICTURE
The price of $2.4120 is below EMA20 ($2.43) and VWAP ($2.44), confirming seller pressure. ADX 15.3 indicates a weak trend with a bearish bias. MACD histogram is negative (-0.01) but close to the zero line, signaling potential consolidation. Key levels: resistance — $2.43–2.44 (EMA20 + VWAP), support — $2.40 (psychological level).
PROBABILITY MODEL
The probability of a bearish scenario (38%) is slightly higher than a bullish one (40%), but the overall mode remains weakly upward. Model confidence is 50% due to conflicting signals: MACD is near a reversal, but price is under EMA pressure.
DIRECTION
🔴 SELL — resistance at $2.44 (VWAP + EMA20) limits upside.
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.
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.