ICP/GBP - Bullish Long Term (2024)
Floor Support= £7.77🟢
Line of Resistance £17.94🔴
Key Level Broken= £12.90🚀
Target!= £23🌟
ICP has managed to stay above the 20-day EMA & 50-day EMA today on the 24hr timeframe. Previous resistance level at "£12.90" has now been broken and will be acting as a new Level of Support for ICP.
Prices are likely to have a consolidation within the ranges of £12.90 - £17.94 from the next few weeks. Weekly candle's have also closed above the past major key level of resistance at "£7.77".
A retracement back to the floor support is very unlikely!
If bulls carry strong momentum for the new few weeks and break above the "£12.90", an attempt price for ICP will be heading towards £23.
Line of Resistance £17.94🔴
Key Level Broken= £12.90🚀
Target!= £23🌟
ICP has managed to stay above the 20-day EMA & 50-day EMA today on the 24hr timeframe. Previous resistance level at "£12.90" has now been broken and will be acting as a new Level of Support for ICP.
Prices are likely to have a consolidation within the ranges of £12.90 - £17.94 from the next few weeks. Weekly candle's have also closed above the past major key level of resistance at "£7.77".
A retracement back to the floor support is very unlikely!
If bulls carry strong momentum for the new few weeks and break above the "£12.90", an attempt price for ICP will be heading towards £23.