ICP / TetherUSShort
#ICP Ready to Fall Further or a Bullish Move Is On the Horizon?
Yello, paradisers! 😎 Are you ready for what could be a pivotal moment for #ICPUSDT? Let's discuss the latest analysis of #InternetComputer:
💎#ICP is approaching a crucial minor resistance level to confirm its bearish bias potentially. If this level holds strong during the retest, it will reinforce a bearish trend, signaling that the market could be primed for a further downward move. In that case, brace yourself for a potential drop toward the $5.79-$6.23 major support zone—our first key target.
💎However, if selling pressure doesn’t relent, things could get even more intense. A continued struggle to find support may drive prices lower, with our final target set around a robust demand zone at $4.34. This area will be crucial to monitor, as it represents a significant level where buyers may step in to defend against further declines.
💎But hold up—let’s not count out the bulls just yet. If #ICPUSDT manages to close above $11.37 on the daily chart, the bearish outlook would be invalidated. This breakout would suggest a possible shift back to bullish momentum, potentially setting the stage for a renewed uptrend.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
💎#ICP is approaching a crucial minor resistance level to confirm its bearish bias potentially. If this level holds strong during the retest, it will reinforce a bearish trend, signaling that the market could be primed for a further downward move. In that case, brace yourself for a potential drop toward the $5.79-$6.23 major support zone—our first key target.
💎However, if selling pressure doesn’t relent, things could get even more intense. A continued struggle to find support may drive prices lower, with our final target set around a robust demand zone at $4.34. This area will be crucial to monitor, as it represents a significant level where buyers may step in to defend against further declines.
💎But hold up—let’s not count out the bulls just yet. If #ICPUSDT manages to close above $11.37 on the daily chart, the bearish outlook would be invalidated. This breakout would suggest a possible shift back to bullish momentum, potentially setting the stage for a renewed uptrend.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.