ICP Pomp to 44 % ?We have been supported by an upward trendline for a considerable period. However, for the past few days, we have been trading below a downward trendline, and the consolidation is intensifying. Both bullish and bearish scenarios are worth considering.
In a bullish scenario, we could anticipate a breakout above 13.97 with the specified targets in mind. Conversely, if the price breaks down below the 11.93 zone, we could accompany the downtrend until the 8.99 target.
Which direction are you anticipating?
Icpbtclong
$ICP/#BTC [#Internet Computer]: BBand_Breakout Super-TrendOn the $ICP / $BTC chart, we can see a Bollinger Band breakout and a Super Trend pattern. Both indicators are indicating a bullish trend, with the Bollinger Band indicating a probable positive trend as the price has moved outside of the upper band and the Super Trend indicating a bullish trend. Because both indicators are in sync, this is a stronger bullish indication. To buy at the current price range and aim for higher levels would be a solid option. Our analysis indicates that the key resistance levels are at 0.0002595 | 0.0002733 | 0.0002969 and the major support zones are at 0.0002359 | 0.0002261 | 0.0002025.
Technical Metrics :
Current price: 0.0002565
24H Volume: 28.3953 Ƀ
24H Price change: 7.322%
- Pivot Points - Levels :
Resistance: 0.0002595 | 0.0002733 | 0.0002969
Support: 0.0002359 | 0.0002261 | 0.0002025
Indicators recommandation :
Oscillators: SELL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth ICPBTC technical analysis on > Tradingview TA page
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ICP Breakout Major ResistanceHello Traders,
The web3, AI, and data narratives in blockchain are getting hype lately and i think it will be new trend. Especially data service such as indexing, oracle, etc., because it will be the foundation of web3 and AI including ICP project.
Based on Dfinity roadmap, ICP not only want to be a full web3 infrastructure but also make defi run on its own network that will attract a lot of liquidity. This vision is shown on the chart itself that ICP was showing strength since early of 2023 and just breaking out the major trendline resistance on btc pair from 4H - Daily time frame.
Possible short term target 3400 - 3700 sats
Midterm target 4600 sats
Can wait for pullback below 2900 sats to entry
Cheers!