The main trend of this cryptocurrency. A squeeze zone along the trend. Again a large volume of the buyer came in the accumulation zone. Local momentum. Pullback. Zones of levels to work showed on the chart. Have your trading strategy and follow risk management in your trading.
Local work. The price is in the squeeze zone. Pulled up to the zone of local resistance level 54.78 (gematria, only for those who understand). Local reversal zone or continuation of the trend. To understand the price movement see the idea of a larger scale.
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the price is trapped in the local channel above the uptrend (green). Potential local reversal zone.
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ICP/BTC
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The pair to the dollar. After taking it out of the accumulation zone of the channel (break of support 28.29), the price reached the value of $21, note 21 12 21.
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+21% since 21 12 21 a break of the wedge resistance (downtrend secondary trend). At the moment the price is at the local resistance level 28.29
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+70% to the mirror level resistance zone (former support) 40.4 (37.77). Now a local pullback to the breakdown zone of the descending main trend (red bold).
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After local pumping +70% and reaching the mirror resistance level (44) the price reached the pivot zone 21-23 again, thus forming a local horizontal channel (double bottom with the corresponding % base)
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With the correction of BTC and the market, the price has now reached the level of 21.29. The news from the project also came out today: Sonic was launched, the first DEX on ICP
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1 week the price is in a sideways range with minimal volatility (percentage step) in the zone of the level 21.29 (former trend reversal zone). The price from the level of 37.77 (local high of +72%) dropped by -44.81% at the moment. Formed in a secondary trend (sideways) double bottom (in the case of a breakout of the local downtrend) with a base of about 70%. Pay attention to the volume, percentages, dates, prices. Perhaps understand the pattern and meaning, but if not, all the logic of the work is clear on the chart with levels and targets.
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local wedge (secondary trend). The formation is practically formed.