If you're looking for an in-depth analysis of ICP, then, you're in the right place.
ICP has been moving closely to its major support and many have speculated this altcoin to continue doing so for the rest of the year.
The major support that has continued to hold ICP's price on top of the previously broken major resistance at 5.9-6.5. There are strong concentration of buy orders awaiting at thjese key levels and we are expecting strong reaction within these zones for demands that may arise. Without thinking less of this altcoin's next rally, we will be preparing once it reaches the optimal spot we're looking for. Best way to identify optimal spot would be to be patient and continue observing the market's reaction to any price action that it may take.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
🚨🚨🚨 BTC Price Prediction: Drop to $60,000 🚨🚨🚨 Current BTC Price: $64,000 Based on recent analysis, BTC is expected to drop to $60,600. Here's a detailed breakdown: Recent Rejection and Predicted Drop Yesterday, BTC failed to close above $64,800 and is now predicted to drop to $60,600. This expectation is due to two main reasons: 1. Inverse Head and Shoulders Pattern: - BTC is currently forming an inverse head and shoulders pattern. - The right shoulder is developing, suggesting a drop to the $60,600 area (not an exact price). - After reaching this area, further analysis will be needed to determine if a bullish pattern forms, potentially signaling a pump. 2. Break of 1-Hour Support Trend Line: - BTC has broken its 1-hour support trend line, indicating a retracement to the $61,000 area. Action Plan: - Sell BTC at $63,800: As advised in the previous update, selling BTC at $63,800 was recommended. - **Wait for Confirmation**: If BTC closes an 8-hour candle above $64,800, consider buying again. Otherwise, wait for a correction and target a buy around the $60,000 level. Altcoins: - Hold Your Altcoins: Do not sell your altcoins. Hold them tightly and wait for the next pump. Stay updated and follow the market trends closely. #Megadrop #BinanceTournament #Write2Earn! #ETHETFsApproved #BinanceTurns7
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