🚀ICP Breakout Alert: Get Ready for the Surge 🌟💎 Paradisers, #ICP has broken out of a descending channel and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move.
💎 The candle has closed above the resistance level, but I am expecting a slight retracement to trap buyers. We can then anticipate a bullish movement from the Fair Value Gap (FVG) zone. Be cautious here and look for bullish signs.
💎 Price may also retrace from here and find support at the bullish Order Block (OB) level, after which we can expect a bounce. So, design your strategy for #ICPUSDT accordingly.
💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and the right shoulder of the inverse head and shoulders pattern, it will invalidate the bullish signs. In this case, it would be better to avoid it and wait for more favorable price action to develop.
ICPUSDT
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.
ICP/USDT: Bearish Head and Shoulders Pattern - Stay Alert!💎 Paradisers, Let's dive into ICP/USDT on the daily chart. We're spotting a head and shoulder pattern. Now, while this pattern's reliability isn't typically strong near market bottoms, the overarching bearish sentiment in both ICP and the broader crypto market boosts the likelihood of this pattern playing out.
💎 For the bears to take control, we need to see a breakdown below the pivotal level of 3.146, followed by a retest. If that happens, we could be looking at a slide down to the next demand zones at 2.314 and 1.792.
💎 Keep your trading strategies flexible and stay alert, ParadiseSquad!
ICUSDT Trade IdeaUp wards :
We are Looking for Elliote Wave Structure, we need to hold Current zone, if we broke Resistance of 50.33 with Good volume and with Strong bullish candle move, then surely we are going to Chase next resistance in Next move
Downwards :
If we are not able to hold current zone strongly then we may go low to test levels for future supports, key levels are : 48.19 & 46,43
Keep in mind :We are bullish thats confirmed, we are creating base for more upward movements.!