Cryptoknowmics
2022-01-10 11:30:48

ICP Technical Analysis: Channel Breakout Unleashes Trapped Bullishness

The ICP coin price action gives a bullish breakout of the falling channel unleashing the trapped momentum that can reach $55. Internet Computer Internet Computer is the world’s first blockchain operating at high speed on the internet with no limit to capacity. It claims to be the third major innovation in blockchain in addition to Bitcoin along with Ethereum. It’s a blockchain computer that scales the computation of smart contracts and also data storage operates at the speed of a web browser. It processes and stores data with efficiency and offers robust software frameworks for developers. Let us move ahead to read about ICP technical analysis. Past Performance of ICP The ICP coin price has grown almost 25% in the past three days resulting in the breakout of the falling channel pattern. Moreover, the price action approaches the resistance level at $39. Therefore, traders can shortly find the price to give a breakout entry opportunity. ICP/USD Daily Chart ICP Technical Analysis The ICP coin price seems to have overcome the short-term downtrend with the breakout of the falling channel. Moreover, the growth of 10% in market cap on January 9th resulted in the bullish engulfing candle. Therefore, a rise in trend momentum is evident by the price action. The coin price breaks above the 50-day EMA in the daily chart and the price approaches the 100-day EMA. However, the EMAs maintain a bearish alignment which can reverse if the price ...

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约