Internet Computer (ICPUSD) is on the 2nd straight green 1W candle following the Higher Low pricing at the bottom of the September 2023 Channel Up. As the 1W MACD posted a Bearish Cross into Bullish Cross, we treat this as the start of the Channel's new Bullish Leg.
The previous Bullish Leg recorded +470% gains. Assuming a similar rise from the Higher Low, we are...
Internet Computer (ICPUSD) is rebounding aggressively for the second straight day on the 1D MA50 (blue trend-line). The price is about to complete an Inverse Head and Shoulders (IH&S) pattern. The technical target for such patterns, that are typically formed on market bottoms, is the 2.0 Fibonacci extension from the neckline's Resistance. That is at 17.800, just...
The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be...
