ICP Trading Opportunity: Key Support Levels
#Icpusdt
$ICP
The 1-hour and 4-hour charts for Internet Computer (ICP) show a clear uptrend from the recent lows, with the price rising steadily and indicators suggesting continued bullish momentum. The charts highlight significant support and resistance levels, crucial for traders to monitor. The 1-hour chart indicates a clear uptrend with the price above the 200-period moving average, signifying bullish sentiment.
Similarly, the 4-hour chart confirms the bullish trend with the price breaking above key resistance levels. Key technical indicators include a neutral RSI at 48.61, indicating balanced buying and selling pressures, a slightly bullish MACD suggesting potential upward momentum, and the price being above the VWAP, typically indicating a bullish trend. The price near the upper Bollinger Band suggests it might be slightly overbought in the short term.
The first support level is at $8.75, the second at $8.54, with resistance levels at $10.00 and $11.00. This setup presents a promising trading opportunity
Disclaimer :
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a professional before making any trading decisions.