ICP, I think big guys have started accumulate positions 🚀🚀
Diupdate
ICP as well as the entire cryptocurrency market has corrected very strongly. But if there are trading strategies for bitcoin, for altcoins it is very difficult to develop any strategy because of lack of statistics. That's why we recommend to buy only in capitulation periods and hold as mid-term positions. And most importantly, do not buy with more than 20-30% of your capital.
From the technical analysis it is worth mentioning that the price is in a local range, and most likely big players started to accumulate their positions. This is also indicated by the large volume at the very bottom. Now it is important that the price would consolidate above the control point. That will be a good signal for growth continuation. But it doesn't mean that the price can't go even lower. The big players can gather some liquidity once again below the consolidation zone and then go up. If you look from the global side, a breakdown of the trend line could mean a market reversal.
Important: This is not a buy advice!
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
From the technical analysis it is worth mentioning that the price is in a local range, and most likely big players started to accumulate their positions. This is also indicated by the large volume at the very bottom. Now it is important that the price would consolidate above the control point. That will be a good signal for growth continuation. But it doesn't mean that the price can't go even lower. The big players can gather some liquidity once again below the consolidation zone and then go up. If you look from the global side, a breakdown of the trend line could mean a market reversal.
Important: This is not a buy advice!
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
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