↗️ The ICP price is poised to begin a new uptrend after consolidating below the $2,300 level. If the price successfully finds support at these liquidity levels, a new uptrend will begin with the goal of breaking through the $2,500 resistance level.
The longer HYPE stays above $80, the more long liquidity and stop-loss orders accumulate below that level. Many indicators are already showing overbought conditions.
However, whale positioning suggests the price is more likely to reach $86–$88 before falling below $78.
A weekly close above $85 could push the price higher as early as Monday.
👀 Bitcoin is testing resistance at $80,000, and a move above the level would confirm a double-bottom pattern, according to Fidelity’s Jurrien Timmer. $BTC $SKR $ZKC
An initial strong move a couple of weeks ago has started a nice break above the descending trendline (start of wave (a) of a possible abc pattern).
🏹 Plan
If we CAN capture the pullback at the end of wave (b), it CAN give us a nice chance to ride wave (c) to challenge higher resitant zones.
⚠️ Risk
If price gets close to the point where the initial bullish move started, then the whole pattern has failed and it's better to cut loss before it's too late. $ZKC