✴️ Internet Computer Update by Request
My friends... I received so many messages about ICP, I get the feeling as if someone is knocking... "Tum, tum, tum... Hey, the update, DO IT!!!", so much insistence... But not even one of these was in the trade idea called "Name Your Altcoin", where I fulfilled all your requests...
But anyway, here is the analysis/update as I like to be of service and help.
The turning point for the Internet Computer (ICPUSDT) happened 19-December, one day before Jupiter stationed direct.
Right after this date a very clear bullish wave starts to develop. We get green candles, volume starts to rise and new highs are reached.
19-February, 2 months later, ICPUSDT peaked ending the first wave with a total of 143%.
It is normal to see a correction after a major move.
The correction started the next day and bottomed 10-March, just like the rest of the Altcoins market.
As the 10-March low was hit we see an initial bounce followed by consolidation and small higher lows.
All this action is happening above 0.786 Fib. retracement level support, which is a bullish signal.
Based on what this chart is saying, we should see a continuation of the initial bullish wave now that the correction is over. This is the chart setup.
This setup can become invalid if prices move, close and stay below $4.400, any trading above this level and we expect a higher high to happen reaching 12.4 or higher as the next peak.
Yes, bullish!
Namaste.
But anyway, here is the analysis/update as I like to be of service and help.
The turning point for the Internet Computer (ICPUSDT) happened 19-December, one day before Jupiter stationed direct.
Right after this date a very clear bullish wave starts to develop. We get green candles, volume starts to rise and new highs are reached.
19-February, 2 months later, ICPUSDT peaked ending the first wave with a total of 143%.
It is normal to see a correction after a major move.
The correction started the next day and bottomed 10-March, just like the rest of the Altcoins market.
As the 10-March low was hit we see an initial bounce followed by consolidation and small higher lows.
All this action is happening above 0.786 Fib. retracement level support, which is a bullish signal.
Based on what this chart is saying, we should see a continuation of the initial bullish wave now that the correction is over. This is the chart setup.
This setup can become invalid if prices move, close and stay below $4.400, any trading above this level and we expect a higher high to happen reaching 12.4 or higher as the next peak.
Yes, bullish!
Namaste.
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