ICP trade ideas
ICP continues to show weakness A detailed technical analysis of ICP reveals a bearish market sentiment. The moving averages and technical indicators indicate a strong sell signal, with no buy indicators in sight.
The RSI, STOCH, and MACD indicators all suggest a bearish trend, with values indicating a sell zone. The ATR value indicates lower volatility in the market.
ICP Analysis Points to a Downward Trend 📉💸 #InternetComputing My analysis of ICP indicates a downward trend. 📉📊💸 #ICP #Crypto #Analysis #TrendingDown
ICP is in breakout in near termICP is near to breakout. Can see breakout at 6B level and SL at 3.88 level. Traders can take entry with 8B target.
ICP - Could be gearing up for 11+ bil MCICP could be gearing up to hit around a $11.5 billion market cap - which would be my 1st target on a long position. This is taken from the bottom of the trend line of the initial trend, which started it's push from the double bottom @ $3.8 bil MC. If there are a couple of decisive closings above $11.5 billion within the next few days, it wouldn't be impossible if it reached for the original trend line's top - just shy of $30 billion.
Invalidation of this would be if it were to decisively spit out of the current pattern, hitting approximately $6 billion in MC.
Best of luck, and trade responsibly.
