The Internet Computer vs Tether USD (ICPUSDT) chart looks weak, I'll give you that, but out of weakness comes strength.
From small to big. We are born babies, we become children and we grow.
No wait... A seed is tiny, completely sealed, it is so small.
You plant the seed, water it, nourish the soil and it grows. It can turn into a huge tree, it becomes BIG yet it starts from something very small.
Ok nevermind that.
10-November we have a strong reversal candle. 21-Nov. we have a lower low compared to 9-Nov. and also compared to 13-June but the volume is so much lower.
You see lower support levels being hit while the bear volume continues to decrease. This is a bottom signal.
The past 6 days ICP closed green. Yes, the chart looks weak but 6 consecutive green days is always positive.
The charts can always change... But ICPUSDT is likely to grow in the coming days.
@AlanSantana, Its the way I mapped the chart getting a perfect base to map the whole coin is critical but I will try today sometime busy with kids school projects :)
BlackBirdTrading
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@AlanSantana, @AlanSantana, @AlanSantana, For now what I see is trendline liquidity with an untested low @ 3.5 and a resistance area at current price. As soon as it grabbed the liquidity we may see a rise to 5.4 to 6.8 and also 7.3 is also in sight
AlanSantana
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@BlackBirdTrading, And the liquidity you mean at 3.5, the one that needs to be grabbed?
The 3.5 low was hit 10-nov and then again 22-nov.
BlackBirdTrading
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@AlanSantana, 10th Nov it creates a new low which was never tested. The 22nd Nov is not a retest also there is a fair value gap @ 22 Nov. Also if you see the previous chart its a rising wedge in formation
AlanSantana
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@BlackBirdTrading, I see. Thanks for clarifying. It needs to be exact to be considered tested in your case I am inferring.