Hi all. Timeframe 1 week. After a long fall, ICPUSDT has formed a descending channel and is located at its resistance. I’m considering recruiting to the spot now with a pick-up from the green zone (unlikely). Also long during a breakdown/retest of resistance. In principle, you can already look for an entry on a lower timeframe. Marked goals and levels on the chart.
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the first take is closed, now +70% of the channel breakout
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the second take is closed, +112% of the channel breakout
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the third take is closed, now +150% of the breakout
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ICP has formed a local channel with a step of ~40%, from the breakout of the global one it is at a profit of +140%
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a local channel has been formed with a step of 50%, I recommend for local work an internal channel with a step of 20%
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After the breakout and subsequent return to the channel, testing the lower boundary, ICP returned to the precisely designated boundaries. Locally - work in the channel. Globally - long in case of breakdown/consolidation.
✅ Telegram. t.me/tehanaliz
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✅ Telegram. t.me/tehanaliz
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.