I've been drawing this chart several times now but my "wonderful" Apple laptop decides to reset the page each time and delete everything... Useless Safari/MacOS so I guess we get no drawings.
Here we have Internet Computer (ICPUSDT) turning now bullish and this supported by multiple signals.
We had a low back on the 20th of July after which a bullish move...
I have two scenarios for it
1- Wave 2 is over and we are at the beginning of wave 3
2- Wave 2 is not over and we are in a small wave of wave C. In this case, the price drops to $ 35 and then begins to grow.
I hope the first scenario is correct.
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ICP is sitting near the resistance and the support is very near, trading ICP here is not really risky, if the support holds and we break the trend ICP will give you good gains.
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$ICP seems is in a long term rising wedge, as you can see support zone is doing its job well and price is still above the support. also in RSI if we draw a support, candles hold the support too.
there is a butterfly pattern that if price break out from descending resistance, bulls can go trough the resistance zone to complete this pattern around $65.
This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, be free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
Hi guys, it looks like we are moving in a price channel where the reactions to the floor and ceiling are quite obvious, and based on this, the position can be opened by stopping the closing of the candle below $ 37 per day. The goals are also clear.
icp/usdt 4h chart long idea
double bottom formed on 4 h chart
we update btc chart almost everyday on story
and free signal share on story
The uptrend line has been retested 3 times.
Especially in this 3rd time, the price continuously followed the uptrend line, showing indecision.
According to the time frame price runs, today or tomorrow the price will have a drastic change.
It can be an increase or it can be a decrease.
Waiting for the day candle to end everything will be clearer.
However, watch the...
*no financial advise*
*do your own research*
Internet Computer (ICP) is formed by an advanced decentralized protocol called ICP. ICP is the utility token that allows users to participate in the governance of the Internet Computer network. the protocol combines the power of individual computers into seamless universe.
Did you know that ICP represents...