ICP/USDT Secondary trend. accumulation channel. Reversal zone

13 Jul 2023

Logarithm. Time frame 3 days.

In a month there will be the last unlock of coins in August. Now the price is in the price zone - ICO 2018. The accumulation channel is currently 431 days. A fractal structure is observed with a previous exit from a local triangle. He showed two options for a local interchange in the accumulation zone:

1) exit from the local triangle as before.
2) and with the removal of stop-loss (descending pennant).

The first significant resistance zone after exiting this accumulation (a large bowl is formed) is around +300% (not price lows and highs, but an average value).


This is what it looks like on a linear price chart.




Main trend.

ICP/USD Main trend. Reversal zone. 911 (publication 3 11 2022).

the main trend (all trading history) at the moment.

13 Jul 2023

Nota

Local trend reversal zone.

30 Jul 2023

Nota

Everything is still the same, fully formed triangle, price is clamping down.

29 Sep 2023

Nota

The triangle was broken down. The price reached $3. Possible local movement towards the resistance of the mirror level zone and the downward trend.

20 Okt 2023

Nota

15 Sep 2024

Nota

6X

After a local pump from a trend reversal, a clamping zone is formed similarly to the XVS, a zone of levels 11.361-15.631 (note that these local "levels" were shown in the secondary trend ideas of the publication on 07 2023 in the accumulation zone, that is, more than 8 months ago). The key local reversal zones on the chart are shown by arrows.

15 Sep 2024

Nota

16 09 2024 reversal zones. pricing logic and percentages shown.