✴️ Internet Computer Repeating BottomPattern (Name Your Altcoin)
Updated
Here we have a repeating pattern for the Internet Computer (ICPUSD) trading pair.
The first thing to consider is the duration of the correction/bearish wave, since February until present which is a long time by any Cryptocurrency standard.
The market moves in waves, waves within cycles...
Regardless of a bearish or bullish cycle, we have down waves and up waves happening as a repeating pattern.
EMA50 has been working as resistance.
As EMA50 goes lower and lower, it becomes weaker and weaker.
Once the price moves above this indicator, the chart is considered bullish.
We can see ICPUSD now approaching this major inflection point in the coming days.
We expect a bottom formation to be completed and this event followed by a bullish wave.
The only variable is of time.
This analysis can be extended, meaning, it can take weeks or months to happen but it will happen with 100% certainty if one can wait because, the market moves in cycles and within these cycles we have waves.
We experienced a prolonged bearish wave and thus we are now going to enter a bullish phase.
It is like the moon and the sun... It is impersonal, it happens daily like clockwork, they go "down" and "up".
You can expect the Internet Computer eventually to grow.
Pretty soon of course.
Thanks a lot for your support.
Namaste.
The first thing to consider is the duration of the correction/bearish wave, since February until present which is a long time by any Cryptocurrency standard.
The market moves in waves, waves within cycles...
Regardless of a bearish or bullish cycle, we have down waves and up waves happening as a repeating pattern.
EMA50 has been working as resistance.
As EMA50 goes lower and lower, it becomes weaker and weaker.
Once the price moves above this indicator, the chart is considered bullish.
We can see ICPUSD now approaching this major inflection point in the coming days.
We expect a bottom formation to be completed and this event followed by a bullish wave.
The only variable is of time.
This analysis can be extended, meaning, it can take weeks or months to happen but it will happen with 100% certainty if one can wait because, the market moves in cycles and within these cycles we have waves.
We experienced a prolonged bearish wave and thus we are now going to enter a bullish phase.
It is like the moon and the sun... It is impersonal, it happens daily like clockwork, they go "down" and "up".
You can expect the Internet Computer eventually to grow.
Pretty soon of course.
Thanks a lot for your support.
Namaste.
Comment
Next All-Time High can be around 21.5DeboraMilano
Comment
ICP Can be seeing growing nicely but hitting resistance just now.Things can playout in two ways, straight up or a retrace before additional growth.
The common path is a retrace/correction before higher prices but the market decides.
Plenty of room available for additional growth when we consider the bigger picture.
Namaste.
Comment
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