Yuriy_Bishko

📈ICP: is the whale trap coming to open short?

BINANCE:ICPUSDT   ICP / TetherUS
Hi friends! As we can see the volume indicator shows us that lots of coins have sold by big players during the last few pumps.

Now the price forming the falling wedge which is the bullish pattern. But why short is possible in this case:
1. growing dominance of BTC. Altcoins looks very weak.
2. huge resistance at the $7.4-8 value area.
3. possible false breakout or pump the same as we see previously with volume bars growth. It shows us the sellers presure.

The target for downtrend movement will be at least the $6 key level.

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.

Get access to the private club with VIP signals 👉 bit.ly/Biko_ViP

🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy

🔷YouTube 👉 bit.ly/YouTube_Lessons
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。