ICP has printed three pushes up in a bull channel, reaching $20.90. It is currently holding its position above the Daily 30EMA. Is it time to short?
How do we trade this? 🤔
We do not yet have a short signal near a key resistance zone. Three pushes up after the breakout into the bull trend is a sign to start looking for reversals, but we have yet to see a...
ICP gave us another push up after we broke the Support Zone and established support. Now we see ICP coming down to test the Push #2 high of $11.80. The price is consolidating to the upside in an ascending wedge pattern, should we short?
How do we trade this? 🤔
It is not time to short because we're still in the ascending wedge pattern and have not failed to make...
ICP executed a beautiful measured move in three legs; a breakout from the first to the second leg with an ascending triangle(per my last analysis), broke resistance, and landed on the measured move target. We're now witnessing a pullback but is that where the drop will end?
How do we trade this? 🤔
We need to wait and see what happens to the price after it...
ICP is mirroring Bitcoin and Ethereum in their difficulty to break their Weekly resistance zones. This is the 4th attempt since November 12th that the price tried to clear and hold above $4.80, will it hold this time?
How do we trade this?
ICP is in a bull channel, which means our bias should be toward the upside. That does not mean it's the *only* data point...
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ICP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ICP 1H support is at ~$31.8
Enter 50% here
and try to set some buy orders near the support zone
If ICP holds above the trendline,
the Take-Profit target would be $35, $38, and $44
Cheers
The price is at the bottom of the channel, it can be the dip
You can consider this level as a good opportunity to buy
The first target will be the red trend line, after breakout there will be higher targets
Consider Bitcoin / Total Market Cap situation before or during your investments.
Any support level can be broken
ICP 1H support is at ~$41.8
Enter 50% here
and try to set some buy orders near the support zone
If ICP holds above the trendline,
the Take-Profit target would be $45, $49, and $55
Cheers
ICP 12H support is at ~$47
Enter 50% here
and try to set some buy orders near the support zone
If ICP holds above the trendline,
the Take-Profit target would be $51.7, $54.1 and $58
Cheers
