ICPUSD: Bullish despite today's decline.

5 thg 1, 2024

Internet Computer remains bullish on its 1D technical outlook (RSI = 68.393, MACD = 1.900, ADX = 40.337) despite today's strong selling as it maintains the parabolic rise structure. It is about to test the 0.382 Fibonacci level, but the horizontal Resistance is slightly over it at 23.7500 (R1). This is our target (TP = 23.000) and after that we will wait for a 1D MA200 pullback to buy for the next rally (TP = 55.0000).

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