ICP IS DOING JUST AS EXPECTED 💸💸
The breakout from the ascending channel paved the way for a massive movement in the past 48 hours 📈
Here are some key points to consider in the coming days:
📢 Breakout from ascending channel
In this daily chart of ICP, it has been moving within this channel for the past 3 and half months making higher highs and higher lows steadily. Also taking support on the lower trendline multiple times except the recent sell off which broke the trendline and closed below that level.
📢 Resistance Breakout ($14 & $16)
The crucial resistance of $14 was tested on multiple occasions, but the breakout finally came after some positive news and the pullback on Wednesday last week. This led to breaking the $16 price level as well and moving ahead to touch $20 (the next resistance). This is an important level as in the past sell offs took place from this price. Following this $24 will be the next milestone to reach.
On the downside $16 is the now the first support(earlier the resistance)followed by strong support at $12.
📢 Indicators are looking impressive
Moving Averages (MA) got aligned in order as the 7MA was below 50MA during the correction phase, but it's up again and looking strong.
MACD too is showing strength and there could be big moves ahead in the coming days.
This is my viewpoint after looking at all the metrics. Please #DYOR🟢. before taking any trade.
Sharing is caring. So please share such posts as much as possible and please like, share your feedback in the comments and follow me. This is the least I ask for from my beloved audience 🙏
$ICP
