ICP / TetherUSتم تحديثه

ICPUSDT is creating a diamond pattern

The price created a falling wedge on the daily timeframe and had a nice breakout from it and from the weekly resistance (21.20$)

On the daily timeframe, the price is creating a diamond pattern after a rejection form the 22.25$

How to approach?
For a long scenario, the price needs to have a breakout from the Diamond pattern and 4h resistance and retest it as new support.
Otherwise, if the Diamond pattern is confirmed, we could see a retracement on 0.618 Fibonacci level for new liquidity and a new bullish impulse.
––––
Keep in mind.

🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ملاحظة
the price needs to flip the 4h resistance on 24$ for the bullish continuation.
We could see a retracement until the 0.5 Fibonacci level

no trade zone so far
لقطة
ملاحظة
The price is testing the major resistance on 23$
We are waiting for the breakout!

A nice retest on 0.382Fibonacci level. I want to see a new breakout from it!
لقطة

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.