Hi there!
ICP/USDT turning bullish in the weekly and daily time frames after hitting $22 on March earlier this year (7 MONTHS AGO). The price has been consolidating strongly for almost 4 months trying to break the $8.662 resistance a couple times in order to chase it's second resistance at $10.63 (were the price have been playing around the past couple of days).
Bitcoin's divergence and smart money manipulation have been retracing the growth of this token and most altcoins in order to find better prices for the next bulls season. In the daily frame, this is also the first time in months that volume increases strongly since July. We might be in presence of a possible breakout in the short-term.
NOTE: Market is being extremely volatile in the past few weeks! Be careful and DYOR.
We are going LONG in ICP with a tight SL! Chart is setting up with a bullish momentum. I drew a Fibonacci extension to identify and confirm targets and resistances. Everything for this trade in depicted in the chart :)
Open LONG-trade between -----------> $9.5 and $10
SL: -----------> $8.77
TARGETS:
TG-1 -----------> $12.247 (Short-term)
TG-2 -----------> $14.027
TG-3 -----------> $18.023
Thank you for reading!
Have a gr8 day ahead.
ICP/USDT turning bullish in the weekly and daily time frames after hitting $22 on March earlier this year (7 MONTHS AGO). The price has been consolidating strongly for almost 4 months trying to break the $8.662 resistance a couple times in order to chase it's second resistance at $10.63 (were the price have been playing around the past couple of days).
Bitcoin's divergence and smart money manipulation have been retracing the growth of this token and most altcoins in order to find better prices for the next bulls season. In the daily frame, this is also the first time in months that volume increases strongly since July. We might be in presence of a possible breakout in the short-term.
NOTE: Market is being extremely volatile in the past few weeks! Be careful and DYOR.
We are going LONG in ICP with a tight SL! Chart is setting up with a bullish momentum. I drew a Fibonacci extension to identify and confirm targets and resistances. Everything for this trade in depicted in the chart :)
Open LONG-trade between -----------> $9.5 and $10
SL: -----------> $8.77
TARGETS:
TG-1 -----------> $12.247 (Short-term)
TG-2 -----------> $14.027
TG-3 -----------> $18.023
Thank you for reading!
Have a gr8 day ahead.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.