Hi. Let's analyze icp/usdt
After a 5 correction wave, we expect to experience an accelerated uptrend in the purple box area.
We are now in the last wave of correction, the E wave.
The maximum time that the E wave can pass is up to the specified time range (yellow line)
Daily chart of bitcoin Dominance shows strong tendency to break the low we had at 2018 and another alt season is coming. Of course we should wait for a proper trigger and that can be b-d trend line in hourly bitcoin dominance analysis.
Today, nifty gap opened nearly 200 points which appears to be the end of its first leg of the final wave. It is going to correct till 14700, its 38% retracement in 3 waves.
a Long position would occur near that place!
LONG NEAR 14700!!!
Based on the wave structure of S&P500 index it seems like we are very close to a MAJOR top (at least in terms of price), as I've shown on the chart, a 6%~10% decline is due, after which there are two scenarios, one being the continuation of the bear market into 3333 level (at least), another being market getting really choppy and boring and just wasting time and...
Regarding this currency pair, the point that can be said with more certainty is that we are in a strong uptrend and in the fifth phase of a corrective. Normal goals for this phase, or perhaps better to say, medium-term Minimum goals for this currency can be considered in the range of 145.