ICP bullish correction
Updated
ICP is breaking down from structure with a valid bearish engulfing pattern. will force the ema21 under the ema55.
Maybe valuable short opportunity will come on the retest of the cross.
Green areas are the interest areas and
ICP failed to test the 38.2Fib makes it one of the weakest cryptos. I assume this is still because of the early days manipulation by SBF. Fundamentally, it's on the scale of solana and ethereum.
Maybe valuable short opportunity will come on the retest of the cross.
Green areas are the interest areas and
ICP failed to test the 38.2Fib makes it one of the weakest cryptos. I assume this is still because of the early days manipulation by SBF. Fundamentally, it's on the scale of solana and ethereum.
Note
If ICP closes this H2 candle in this manner it creates a valid bullish engulfing pattern with targets in green bellow
Trade closed: stop reached
ICP rebounded of the 0.236FIB, formed the strongest kind of bullish engulfing in H4, to be confirmed with candle close.
Trade active
At this level it ends the H4 as indecision/rejection.on the lowest timeframes we are bearish again
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