Uncle Scrooge Crypto
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📉 Technical Analysis — ICP/USDT (1h)
@Internet Computer #icp $ICP
Current price: $3,263
Variation: -4.23%
⸻
📊 Technical Indicators
• Moving Averages:
• MA(7): 3,257 ✅
• MA(25): 3,285 ❌
• MA(99): 3,416 ❌
🔸 The price recovers MA(7), but remains below the larger averages, indicating a predominant downtrend.
⸻
📉 RSI (Relative Strength Index):
• RSI(6): 51.07
• RSI(12): 43.36
• RSI(24): 42.04
🔸 Neutral RSI, but with a slight recovery bias. Still distant from the overbought zone.
⸻
🔊 Volume:
• High selling volume during the drop, but it has been decreasing.
🔸 Lower selling pressure may open space for a technical correction.
⸻
📌 Important Technical Levels:
• Support: $3,201 (recent low)
• Resistance: $3,285 (MA25) and $3,416 (MA99)
⸻
✅ Summary and Strategy
ICP is attempting a reaction after a strong drop, holding MA(7), but faces resistance just above. The overall structure is still bearish, with lower highs and lower lows.
📍 Current scenario: Possible technical rebound
📌 Attention: A break above $3,285 with strength would indicate an attempt to reverse. Failure at this point may generate new selling pressure.
Strategy: Monitor behavior between $3.26 and $3.29. Confirming a breakout with volume may provide space to seek MA(99). Otherwise, the downtrend remains.
{spot}(ICPUSDT)
@Internet Computer #icp $ICP
Current price: $3,263
Variation: -4.23%
⸻
📊 Technical Indicators
• Moving Averages:
• MA(7): 3,257 ✅
• MA(25): 3,285 ❌
• MA(99): 3,416 ❌
🔸 The price recovers MA(7), but remains below the larger averages, indicating a predominant downtrend.
⸻
📉 RSI (Relative Strength Index):
• RSI(6): 51.07
• RSI(12): 43.36
• RSI(24): 42.04
🔸 Neutral RSI, but with a slight recovery bias. Still distant from the overbought zone.
⸻
🔊 Volume:
• High selling volume during the drop, but it has been decreasing.
🔸 Lower selling pressure may open space for a technical correction.
⸻
📌 Important Technical Levels:
• Support: $3,201 (recent low)
• Resistance: $3,285 (MA25) and $3,416 (MA99)
⸻
✅ Summary and Strategy
ICP is attempting a reaction after a strong drop, holding MA(7), but faces resistance just above. The overall structure is still bearish, with lower highs and lower lows.
📍 Current scenario: Possible technical rebound
📌 Attention: A break above $3,285 with strength would indicate an attempt to reverse. Failure at this point may generate new selling pressure.
Strategy: Monitor behavior between $3.26 and $3.29. Confirming a breakout with volume may provide space to seek MA(99). Otherwise, the downtrend remains.
{spot}(ICPUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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