↗️ 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.
After a formidable growth, price entered an accumulation phase in lower timeframes and right now it's stuck in the manipulation phase to tire traders out before the distribution phase (AMD Pattern).
🕯 Outlook
Now the distribution phase will take price to even higher resistant levels in this timeframe only if price breaks free from the manipulation phase.
⚠️ Key Level
As the manipulation phase is expected to sweep off below the previous levels, you CAN either go with risky approach and try to DCA in this zone or wait for manipulation to finish first and then jump into distribution. Plan is Clear, as Risk is in your Hands. $SKR
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.
The price of DOGE is approaching the lower zone of the 2-hour OB between $0.07940 and $0.08320. If the price holds within this zone, it will have the potential to begin an upward move. The main target for future growth is the liquidity at the current high of $0.10085.
👀 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