ICP currently at a new decision point on where to move.

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Keep it safe and use short stop loss at this moment if you are entering the trade.
Comment your idea and hit a like if you like my contribution.
Have an awesome and profitable day! :)

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ملاحظة

15min and 1h chart RSI we hit the bottom. We touched 47$ and got bought back up in current channel and above last breakout line. Needs few green candles on 1h time frame to confirm a safe entry.

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ملاحظة

Well that went south quickly, we just dropped to the lower target of 42 with a huge wick down to liquidate many traders.

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ملاحظة

The same happened on 27th october of around 22% drop in price to liquidate gains.

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ملاحظة

5min chart shows double bottom and got quickly bought back to current 46$ as of writing this. My guess is that it was the bottom.

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ملاحظة

It's really interesting to see this market manipulation, as twice in a 30 day period there is a precise drop of ~30% in price. I see this as they call "scam wick" to take out leveraged traders.

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ملاحظة

If it breaks 42$ to downside, then next target is 37$ that should be a hard bottom.

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ملاحظة

After this wick down happened, i see our next target at 64$ minimum

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ملاحظة

Nice green candle now to the upside. ICP is trying to get back over the resistance line, so it wouldn't go any lower. If we can see another hourly green candle open over 47$ range, then ICP is over its recently broken resistance and we are continuing our way up to 60+$

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ملاحظة

MacD levels and RSI is looking bullish for today and seems that yesterdays 44.5$ drop was the lowest for now and bulls have regained control.

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ملاحظة

I expect some more consolidation and not so large moves to upside today and possibly next 2 days as on daily chart MacD is slowly trying to reverse trend to positive.