ICP Market Observation
April 24
Since last night, the ICP price has not been able to break through the $15 mark, and has continued to fall to $14.29. Although the wind direction has been stable, it is a pity that the price is a little worse.
On the daily chart, the Bollinger band continues to move downward, and the price also fluctuates and falls with the downward movement of the middle track. The KD indicator shows signs of turning at a high level, which means that the price is likely to fail to break through the $15 mark, and then there is a high probability of callback to find support.
Therefore, we continue to pay attention to the pressure level above the daily chart, that is, the $15 mark, and the support level below, which is about $14.1.
On the 4-hour chart, the price is still running in the falling channel. Although the KD indicator shows a golden cross trend, the short volume of MACD has begun to shrink. Therefore, we still focus on the $15 mark. Once it successfully breaks through and stands firm, there is a high probability that it will continue to be bullish.
On the 1-hour chart, ICP is in a bullish trend.
Short-term outlook:
The short-term bearish trend has weakened, and there is a certain possibility of bullishness. The key to the evening is to observe whether the $15 mark can be successfully broken. Once it is broken, it is expected to continue to rise to a new high!
Continue to pay attention to:
Short-term pressure level: $15-16.5
Short-term support level: $14.3-13.5
Important support level: $12.4-11.7
The above is my personal observation of today's market, for reference only.
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