Internet Computer (
ICP) is exhibiting a clean technical structure on the weekly (1W) timeframe. After breaking out of a long-term descending resistance trendline, the price saw an aggressive expansion leg that has now encountered significant macro resistance. Following a strong rejection from the upper Fibonacci levels, the market structure has shifted bearish on higher timeframes, opening up a high-probability short-selling scenario targeting the macro value area below.
ICP has completed its relief cycle and is showing heavy signs of macro exhaustion. The strong rejection from the 0.705 Fibonacci level and the subsequent failure to hold the 0.382 Fib floor signal that the path of least resistance is firmly down. As long as the $5.92 resistance remains unbreached on a weekly closing basis, the technical structure favors a full retest and potential sweep of the historical lows toward $1.34.
ICP) is exhibiting a clean technical structure on the weekly (1W) timeframe. After breaking out of a long-term descending resistance trendline, the price saw an aggressive expansion leg that has now encountered significant macro resistance. Following a strong rejection from the upper Fibonacci levels, the market structure has shifted bearish on higher timeframes, opening up a high-probability short-selling scenario targeting the macro value area below.ICP has completed its relief cycle and is showing heavy signs of macro exhaustion. The strong rejection from the 0.705 Fibonacci level and the subsequent failure to hold the 0.382 Fib floor signal that the path of least resistance is firmly down. As long as the $5.92 resistance remains unbreached on a weekly closing basis, the technical structure favors a full retest and potential sweep of the historical lows toward $1.34.
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📲Join Honey Badger Trading Bot for free:
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HoneyBadger is the Top-1 Master Trader on Bybit TradFi.
Find more analytics and our trading results here - t.me/Neuro_trade_AI_bot?start=Tradingview
HoneyBadger is the Top-1 Master Trader on Bybit TradFi.
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。