Hi everyone,
Thank you for considering reading my idea.
Since the launch of ICP , the value of ICP against USD has been declining. If we try to plot the current price actions to the Wyckoff Method, we get this analysis. Just a disclaimer that these signals may not be accurate. There are several ways to plot the signals as the price action is not yet complete.
First, we have our Selling Climax ( SC ), and we immediately got our Automatic Rally (AR). We tested our SC called Secondary Test (ST). As of now, that's all we have.
What are we expecting?
We expect the price to go up the SC for a brief time then get a Spring action and we need to get up to test our support lines. Once supported, we should have our Sign of Strength (SOS) where we break our resistance line from AR, then we test it again to confirm so that we may continue to go up to Phase E which is the Markup Phase
Like this idea and follow me for more analysis like this.
Cheers,
Juvs
Thank you for considering reading my idea.
Since the launch of ICP , the value of ICP against USD has been declining. If we try to plot the current price actions to the Wyckoff Method, we get this analysis. Just a disclaimer that these signals may not be accurate. There are several ways to plot the signals as the price action is not yet complete.
First, we have our Selling Climax ( SC ), and we immediately got our Automatic Rally (AR). We tested our SC called Secondary Test (ST). As of now, that's all we have.
What are we expecting?
We expect the price to go up the SC for a brief time then get a Spring action and we need to get up to test our support lines. Once supported, we should have our Sign of Strength (SOS) where we break our resistance line from AR, then we test it again to confirm so that we may continue to go up to Phase E which is the Markup Phase
Like this idea and follow me for more analysis like this.
Cheers,
Juvs