ICPUSDT (Internet Computer Protocol) - Coin of the Week
The Internet Computer is the world's first blockchain with unlimited capacity that runs at web speed. Along with Bitcoin and Ethereum, it is the third significant blockchain innovation — a blockchain computer that scales smart contract computation and data, executes them at web speed, quickly processes and saves data, and offers developers with sophisticated software frameworks. The Internet Computer offers a full reimagination of software by allowing tokenized internet services, cross-industry platforms, decentralized financial systems, and even traditional corporate systems and websites to be built.
Technically, ICP is in a big weekly downtrend. When we look at the 4h timeframe we see that the price structure made an all-time low a few days ago when the price reached 26.88 USDT per ICP. After that it bounced right back to the upside and now it is consolidating in the 35 USDT price area. The odds for a move to the first resistance area or a retest of the low is 50-50. If you are a long term investor this is the time to add to your position. Keep in mind that we are in a big downtrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, ICP is in a big weekly downtrend. When we look at the 4h timeframe we see that the price structure made an all-time low a few days ago when the price reached 26.88 USDT per ICP. After that it bounced right back to the upside and now it is consolidating in the 35 USDT price area. The odds for a move to the first resistance area or a retest of the low is 50-50. If you are a long term investor this is the time to add to your position. Keep in mind that we are in a big downtrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
