👋 Welcome to TradeCity Pro!
In this analysis, I want to review the ICP coin for you—one of the DePIN and AI-related coins, ranked 37 on CoinMarketCap with a market cap of 3.11 billion.
📅 Daily timeframe
As you can see on the daily timeframe, a ranging box has formed around the key support at 4.648, and price is fluctuating inside this box.
🔔 The top of the box is at 6.205, and price has touched it multiple times. It just wicked into it again and got rejected.
📈 This level has become a very important resistance. If it breaks, we can enter a long position—and it’s even suitable for a spot buy.
🛒 I already hold this coin in spot from lower entry points and don’t plan to increase my spot volume, but I’ll open a futures position if 6.205 breaks.
🔽 If Bitcoin Dominance moves downward, the 6.205 trigger will be a very good entry point. A break above 70 on the RSI will also be a strong momentum confirmation.
📊 If price gets rejected from the top of the box and drops to the 4.648 support, we can open a short position in lower timeframes. A break below 4.648 would confirm the bearish outlook.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the ICP coin for you—one of the DePIN and AI-related coins, ranked 37 on CoinMarketCap with a market cap of 3.11 billion.
📅 Daily timeframe
As you can see on the daily timeframe, a ranging box has formed around the key support at 4.648, and price is fluctuating inside this box.
🔔 The top of the box is at 6.205, and price has touched it multiple times. It just wicked into it again and got rejected.
📈 This level has become a very important resistance. If it breaks, we can enter a long position—and it’s even suitable for a spot buy.
🛒 I already hold this coin in spot from lower entry points and don’t plan to increase my spot volume, but I’ll open a futures position if 6.205 breaks.
🔽 If Bitcoin Dominance moves downward, the 6.205 trigger will be a very good entry point. A break above 70 on the RSI will also be a strong momentum confirmation.
📊 If price gets rejected from the top of the box and drops to the 4.648 support, we can open a short position in lower timeframes. A break below 4.648 would confirm the bearish outlook.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.