$ICP
ICP/USDT Analysis: Is the Bottom In? Watch for the Reversal! 🚀
Post Content:
$ICP has been under heavy selling pressure, currently down 4.29%, but the 1H chart is finally flashing signs of a potential trend reversal. 📉➡️📈
Technical Breakdown:
Support Base: ICP successfully tested the $3.009 level and is now forming a series of higher lows on the short-term candles.
MACD Bullish Cross: We are seeing a positive shift in the MACD histogram, with a bullish crossover starting to form—this is a classic signal that the downward momentum is fading.
RSI Recovery: The RSI (10) has climbed back to 45.14, moving away from the oversold territory and suggesting buyers are stepping back in.
Bollinger Bands: Price is currently trading between the lower band and the middle basis line ($3.098). A break above $3.10 could trigger a fast move to the upside.
🎯 Potential Trade Setup:
Entry Range: $3.075 - $3.085
Target 1: $3.125 (Immediate resistance)
Target 2: $3.166 (Upper Bollinger Band)
Target 3: $3.250 (24h High recovery)
🛡️ Risk Management:
Stop Loss: $2.980 (Below psychological support)
The selling volume is decreasing, and the "W" shaped recovery pattern is taking shape. Keep a close eye on the $3.10 level! 🧐
What’s your move? Are you holding ICP for the long term or scalping this move? Let’s hear it in the comments! 👇
#ICP #InternetComputer #CryptoTrading #BinanceSquare #TechnicalAnalysis #TradingSignals