ICP Being Called Out

VacantCity@bbs profile image
Jul 13, 2022

In The Article, Rakesh Upadhyay explains:

If Bitcoin continues this uptrend to test its previous low, some ALT coins can breakout to Green Candles. Throughout the article he is giving a description of what will happen when Bitcoin leads this run.

Rakesh starts off by explaining bitcoin's Technical Analysis. A $21,230 (20-Day Exponential  Moving Average) is the current battle between the bulls and the bears, if the bears win and reject off this (20-Day) EMA, Price will decline to find, either a new higher low or a lower low to $17,622. 

One The other hand, Rakesh talks about if price " Rebounds off this Level" , 20-Day EMA, then it is " SUGGESTED " that the bears are losing the battle and allowing the price to push further above towards the (50-Day) EMA  $24,692

Now This brings us to ICP! 

If the Bears are being weaken the bulls can surge at any moment for these ALT coins, it all comes down to Bitcoin making that first initial Signal of which direction is will go towards. 

Rakesh had some interesting Points on ICP and some Calls that would help give us a better understanding of what can happen for ICP holders. 

Stated by The Author, ICP bulls are attempting to build a bottom on July 8th ever since price passed  @ $6.48

The moving Averages (50) & (20) are completing a bullish crossover. 

RSI, Relative Strength Index, is Undervalued. 

If the Bulls change these Moving Averages into Support then the target is a " psychological level of $10 " 

But if the Bears can show some aggression and stack up a shit-ton of shorts to prove they are selling at higher Levels. 

If you are also into UNI QNT AAVEcheck out the Article for yourself > here  <

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