ICPUSD ACCUMULATION COMING TO AN END
Updated
This is an update to a chart a posted awhile ago noting the buying range for a good price during accumulation. I believe the accumulation phase is coming to an end. I was criticized heavily when I posted the last chart due to ICP's perceived performance since listing (which was the day before the May drop LOL). However ICP entered an accumulation phase which looks very similar to a standard wyckoff accumulation pattern. Anyways, I believe the uptrend has begun. I have noted the resistance and support zones on the chart which will touched while ICP consolidates for the next push. As long as BTC behaves itself, I would say things are looking pretty good. Thanks again everyone!
Note
I probably should have made this chart on a smaller timeframe but I wanted you all to see the characteristics of an accumulation pattern so you may identify it for yourselves in the future. A lot of alts are going through the same pattern right now it just looks a bit different depending on how old they are.
Related publications
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.