ICP/USD Main trend. Reversal zone. 911Logarithm. Time frame 1 week. The main trend (all trading history).
Linear chart to illustrate the trend direction and reversal zones.
Coin in coinmarketcap: Internet Computer ICP
Same for comparison on a candlestick price chart.
ICO 2018 Token Price: 1 ICP = 4 USD
From maximum (liquid) pumping, the price is down -98.21%
Shown are the two potential accumulation and distribution zones and the average percentages from them.
Don't forget, the whole world is in an unprecedented artificial recession. The residual panic of capitulation has not yet occurred. If there is a significant but short-term rise in the markets, take advantage of it. Be aware of the phenomenon of "false trend reversals. Do not forget to comply with risk management.
A sophisticated profit percentage and skillful management of the potential risk/profit ratio can significantly increase your trading depo. It is important how much you earn when you are right and how much you lose when you are wrong. Initially, before entering a trade you must know these potential values. If you can't determine them, or the risk is too big, you must refrain from trading.
Secondary trend. Time frame 3 days.
ICP/USD Channel 177d Reversal zone Party 911 Isle of Dogs Rocket
All local and medium-term work in the reversal zone I showed in the idea of a secondary trend.
