ICP, what should we expect in the near future?

11 янв. 2022 г.

Today let's analyze the global and local picture on the ICP chart.

ICP broke the global trend line. After that, we got a strong impulsive move towards $38 level, which currently acts as resistance. It is worth highlighting the big volume at the bottom of the chart. This is a good signal. In case the resistance is overcome, the price is likely to head towards the next marked area.

Locally, we would like to highlight the key level and increase in volumes at the bottom of the chart. In case of breakdown of the key level, there could be a good opportunity for buying.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.