$ICP is flagged as a "Rapid Riser" in Square's most searched list, but the chart is grinding lower. Here's the honest read 🧐
Structure (4H):
• Floor: 2.55 to 2.59, tested 4 times since Oct 24 (2.589, 2.572, 2.557, 2.554)
• Each test is slightly lower. Buyers are getting weaker
• Lid: 2.665, two rejections
• Price 2.577, below EMA 20 (2.62) and EMA 50 (2.72)
• RSI 39.6. Down 11.7% on the week
A floor that keeps getting tested with lower lows usually breaks eventually. But a quick flush below 2.55 that snaps back would be a classic spring.
Levels for $ICP :
🟢 4H close above 2.665 → 2.72 (EMA 50), then 2.79
🔴 4H close below 2.55 → 2.45 next
What are people searching $ICP for, a bounce or a breakdown? 👇
NFA
#InternetComputer #Altcoins #TradingSignals
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Structure (4H):
• Floor: 2.55 to 2.59, tested 4 times since Oct 24 (2.589, 2.572, 2.557, 2.554)
• Each test is slightly lower. Buyers are getting weaker
• Lid: 2.665, two rejections
• Price 2.577, below EMA 20 (2.62) and EMA 50 (2.72)
• RSI 39.6. Down 11.7% on the week
A floor that keeps getting tested with lower lows usually breaks eventually. But a quick flush below 2.55 that snaps back would be a classic spring.
Levels for $ICP :
🟢 4H close above 2.665 → 2.72 (EMA 50), then 2.79
🔴 4H close below 2.55 → 2.45 next
What are people searching $ICP for, a bounce or a breakdown? 👇
NFA
#InternetComputer #Altcoins #TradingSignals
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance