ICP/GBP - Bullish Long Term (2024)
Floor Support= £7.77🟢
Line of Resistance £17.94🔴
Key Level Broken= £12.90🚀
Target!= £23🌟
ICP has managed to stay above the 20-day EMA & 50-day EMA today on the 24hr timeframe. Previous resistance level at "£12.90" has now been broken and will be acting as a new Level of Support for ICP.
Prices are likely to have a consolidation within the ranges of £12.90 - £17.94 from the next few weeks. Weekly candle's have also closed above the past major key level of resistance at "£7.77".
A retracement back to the floor support is very unlikely!
If bulls carry strong momentum for the new few weeks and break above the "£12.90", an attempt price for ICP will be heading towards £23.
Line of Resistance £17.94🔴
Key Level Broken= £12.90🚀
Target!= £23🌟
ICP has managed to stay above the 20-day EMA & 50-day EMA today on the 24hr timeframe. Previous resistance level at "£12.90" has now been broken and will be acting as a new Level of Support for ICP.
Prices are likely to have a consolidation within the ranges of £12.90 - £17.94 from the next few weeks. Weekly candle's have also closed above the past major key level of resistance at "£7.77".
A retracement back to the floor support is very unlikely!
If bulls carry strong momentum for the new few weeks and break above the "£12.90", an attempt price for ICP will be heading towards £23.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.