$ICP (#InternetComputer)
🔻 Trend Break Point: A break above $11 signals a potential trend reversal. The key resistance zone to watch is $11 - $15.
🔻 Consolidation Scenario: Keep in mind a possible wide range sideways movement, where after testing $11 - $15, the price could be pushed back down to $4 for consolidation and accumulation.
🔻 Downside: Liquidity buildup observed, which can be easily taken out, driving the price down to $3.7 - $3. PA below $11, the downtrend remains intact with likely consolidation around lower levels.
🔻 Fundamentals: ICP offers perceptive technology with a strong developer team, led by an active CEO. The project has solid marketing efforts and growing partnerships, which can help drive adoption in the future.
🟢 Green zone = buying opportunities.
🔴 Red zone = selling or profit-taking zones. Watch for setups and price action in these key areas.
🔻 Consolidation Scenario: Keep in mind a possible wide range sideways movement, where after testing $11 - $15, the price could be pushed back down to $4 for consolidation and accumulation.
🔻 Downside: Liquidity buildup observed, which can be easily taken out, driving the price down to $3.7 - $3. PA below $11, the downtrend remains intact with likely consolidation around lower levels.
🔻 Fundamentals: ICP offers perceptive technology with a strong developer team, led by an active CEO. The project has solid marketing efforts and growing partnerships, which can help drive adoption in the future.
🟢 Green zone = buying opportunities.
🔴 Red zone = selling or profit-taking zones. Watch for setups and price action in these key areas.
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