ICPUSDT trade ideas
ICP/USDT on the Verge of a Breakout🚀| ICP Analysis Today💎 Paradisers, Take Notes! ICP/USDT is on the verge of a breakout from its descending channel pattern. Observing the daily close candle is vital to confirm a genuine breakout.
💎 If LSE:ICP remains above the support trendline at this point, it will signify a confirmed breakout.
💎 Examining ICP’s past behavior reveals its steady stance in a Strong Demand zone. Observations denote that the asset has consistently created wicks to access an order block in the bullish OB, maintaining the daily close persistently above the robust demand zone.
💎 LSE:ICP has undergone multiple attempts to penetrate the descending channel, each encountering substantial rejections and subsequently reverting to the strong demand zone.
💎 The analysis could become obsolete if ICP retreats from the Bullish OB zone, possibly signaling a continued descent for ICP.
💎 Stay vigilant and remain updated!
rise before descentOn the small charts, there is a small upward wave remaining, and then it completes its downward trend, and the data has been clarified on the chart
Note: the analysis fails if the price closes in the highest area 3.84
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
Another analysis ICPUSDTAnother analysis of the currency.. It is possible that due to the previous non-closure below the resistances area and the last bottom that was reached, that the rise is taking place in three waves to the shaded area above, and from it it faces strong resistance that enables it not to rise to prepare for the fall again.. So let us see what will happen.
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
ICP LONG SETUPICP has never seen real buy pressure. It’s has constantly been getting hammered ever since launching peak bull.
This setup is pretty risky considering it can keep getting hammered another 50% every few months.
$2 is a possible psychological support.
Bearish divergence on RSI.
Expectations are not to ride it to the $100s. I think it’s pretty unreasonable.
Will TP risk between $10 and $15.
10
NFA
ICPUSDTThis is a 1D frame analysis for ICPUSDT Taking into account that the price has reached close to our dynamic support area, we can expect to see an increase in price like before. However, keep in mind to always have your stop loss active, as if the price breaks below our support line, we can expect lower numbers. Those who don't want to take risks can wait for the price to go a bit higher and get more signs of an uptrend before entering the trade.
ICPUSDT Needs a new HHNew Higher High and Breakout: You've indicated that for a potential bullish trading opportunity, ICPUSDT needs to achieve two key conditions. First, it should create a new higher high, which means that the price needs to surpass a previous local high. Second, the price needs to break out from both the dynamic and static daily resistance levels.
Dynamic and Static Daily Resistance: The dynamic resistance might refer to a resistance level created by a moving average or a trendline that reacts to recent price action. The static resistance is likely a price level where the price has historically faced selling pressure.
Plancton's Rules Application: According to your analysis and Plancton's Rules, a new long position could be considered if both the new higher high and the breakout from the resistance levels occur. A long position involves buying the asset with the expectation that its price will rise.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
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