ICP/USD Main trend Falling wedge. Breakout of a local trend

22 Mac 2022

The main trend is a falling wedge. Breakout of a local trend.

Coin in the coin market: Internet Computer ICP

Local work in the breakthrough zone.
ICP/USD Medium-term work

27 Mac 2022

Nota

+31% from the level of 16.44. After consolidation at the resistance zone of the main downtrend line (big wedge resistance) – the price moves further to the local resistance levels. The downtrend has broken.

Possible transition to a sideways trend with a large % step from one of the levels shown (local in white). Although an “impulse piercing” at high % to higher values is possible (unlikely).

29 Mac 2022

Nota

Local Work. An impulse to the $24 zone and now a stop. Perhaps the local trend will continue. Protect your profit, at least part of it. If there will be a weakening, there will be a pullback. Let me remind you again, this is a local job, not everyone needs it.

13 Apr 2022

Nota

Rollback after pumping back to the breakdown zone. If the support zone of 15.6 is held, a flat will form with a pumping step of 50%. A sideways (horizontal channel) with 100% or so retracements allows you to build coins well before exiting it.

It is also worth noting that if another "hit" occurs on bitcoin (you just need to always regard it as a probability no more), then the movement on the alts will increase even more due to their liquidity. ICP is no exception. Therefore, always working in channels, you need to keep money (20-30% of the position) in case of a strong rapid failure.

30 Apr 2022

Nota

Breakout of support 15.6 and reaching the current level of 14.69. In yellow are the potential local reversal zones. It is also worth noting that if bitcoin gets really "spooked" or the downside flag target is realized, the alts will spill squeeze (quickly buy back), you should always keep this in mind and keep at least 30% in usdt just in case.

On ICP, you can work in parts (martingale) or wait for a breakthrough on the significant volume of the buyer and enter on the pullback.

1 Mei 2022

Nota

The price reached the squeeze zone of the level 11.96 (the lower zone of the descending channel). Potential reversal zone. There is a fractal similarity with the past local reversal zone.

Don't rush the main part of the entry, there may be more declines (under the market trend). But it should be understood that these are the lower values of the channel, therefore, you can think about a partial set.

The trend will reverse (great confidence) when the price breaks through and consolidates above the descending local line.

13 Mei 2022

Nota

Situation now after drain 9 05 - 12 05 (squeeze). The price of the low (current squeeze) on the dump is lower than the price of the non-public pre-sale long before the auction. Now rebound after the dump. Marker showed more likely potential options for movement after such dumps. The channel is superimposed on the reversal points of the previous channel (circled around them).

Almost on all alts, after the market dump, similar channels formed at the points of past lows (squeezes, as a rule), so this coin is an example. Almost everything is cloned.

Overcoming the local downward trend (this did not happen in the last update on this coin) and fixing above it on the volume (this is important) will indicate that the decline has ended and the trend has reversed. Also, after a local growth, alts can go sideways.

For all altos.
If you are not sure about the entry point and there are doubts, then you should not do it, or you should enter on a small volume from the planned one. Many market participants at high prices are not afraid to buy, but when the price drops significantly, the former fearlessness disappears.

Psychological stability (emotional resistance), trading strategy (algorithms of your actions thought out in advance in a given situation) and understanding of risk management (smart money management) solve this problem of the majority.

21 Jun 2022

Nota

After the drain, the price bounced +60% to the resistance zone of the secondary trend and a downward movement of -48% to the dynamic support of the channel according to the indicated scenario. Now the price is in the local resistance zone of $6.09. The percentage in case of a breakout is shown on the chart. Be generally vigilant in the near future.

7 Jul 2022

Nota

7 Jul 2022

Nota