ICP: Bullish Patterns Forming Near 200 EMA

💎 ICP is currently forming an inverse head and shoulders pattern near the 200 EMA, with additional bullish indications such as CHoCH and Break Of Structure (BOS) occurring within this pattern. These factors contribute to a bullish market structure, which is further supported by the overall uptrend.

💎Furthermore, ICP/USDT is adhering to a supportive trendline, reinforcing the bullish sentiment. A bounce from the bullish order block (OB) can also be anticipated if the price demonstrates bullish candlestick patterns at this level.

💎However, if the price falls below the demand area, it would be considered a breakdown, signaling a potential shift to bearish movement in the market.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?


🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.