Is ICP Ready to Skyrocket or continue bearish? Find Out Now!
Yello, Paradisers! Is #ICP about to make a huge move? Read on to find out if this is a breakout or a fake-out!
💎#ICPUSDT has broken out of the descending resistance with a strong green candle, suggesting a potential bullish momentum. However, the price is currently facing rejection at a key resistance area. The Fibonacci retracement level indicates a high probability that the price will retest the demand zone at $8.55 before attempting another breakout to hit our target area.
💎If ICP manages to break out directly without retesting the demand zone first, there's a high probability that the price will continue its upward movement. This could signal a trend reversal back to a bullish momentum, likely reaching our target strong resistance area.
💎On the downside, if ICP fails to bounce when retesting the demand area, the price might head towards the Bullish Order Block (OB) area. If the price hits this zone, we can expect a significant rebound back to an upward trajectory.
💎However, if ICP fails to sustain above the OB area at $7.05 and breaks down below it, this would invalidate the bullish scenario and signal a bearish trend. In this case, there's a high probability that the price will continue downward and dip further.
Trade smart, Paradisers, and stay disciplined.
MyCryptoParadise
iFeel the success🌴
💎#ICPUSDT has broken out of the descending resistance with a strong green candle, suggesting a potential bullish momentum. However, the price is currently facing rejection at a key resistance area. The Fibonacci retracement level indicates a high probability that the price will retest the demand zone at $8.55 before attempting another breakout to hit our target area.
💎If ICP manages to break out directly without retesting the demand zone first, there's a high probability that the price will continue its upward movement. This could signal a trend reversal back to a bullish momentum, likely reaching our target strong resistance area.
💎On the downside, if ICP fails to bounce when retesting the demand area, the price might head towards the Bullish Order Block (OB) area. If the price hits this zone, we can expect a significant rebound back to an upward trajectory.
💎However, if ICP fails to sustain above the OB area at $7.05 and breaks down below it, this would invalidate the bullish scenario and signal a bearish trend. In this case, there's a high probability that the price will continue downward and dip further.
Trade smart, Paradisers, and stay disciplined.
MyCryptoParadise
iFeel the success🌴
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Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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