ICP/USDT Break the descending channel, Bullish Momentum for ICP
Updated
💎 ICP has certainly grabbed our attention. Currently, ICP has broken out of the descending channel pattern, marked by a robust volume and a pronounced green candle. As it stands, ICP is positioned between supply and demand zones, making it prudent for us to await further confirmation.
💎 While ICP hasn't yet undergone a retesting phase post-breakout, there's a likelihood it might gravitate towards the demand level at $2.983 for a healthy correction, setting the stage for a potential upward surge. However, should ICP directly breach the supply zone, it could swiftly ascend to the next supply level.
💎 On the downside, if ICP exhibits a false breakout and the demand zone fails to hold against selling pressure, ICP might revert to the strong support zone. The bullish outlook would be jeopardized if this support is breached and a candle closes beneath it.
💎 While ICP hasn't yet undergone a retesting phase post-breakout, there's a likelihood it might gravitate towards the demand level at $2.983 for a healthy correction, setting the stage for a potential upward surge. However, should ICP directly breach the supply zone, it could swiftly ascend to the next supply level.
💎 On the downside, if ICP exhibits a false breakout and the demand zone fails to hold against selling pressure, ICP might revert to the strong support zone. The bullish outlook would be jeopardized if this support is breached and a candle closes beneath it.
Trade closed: target reached
Bingo! #ICP is dancing to our tune, up 24.12% just like we predicted
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.