ICP Technical Analysis: Weakness And Hopelessness Are Still Stable

Success can be temporary and absolute. Looking at the ICP market situation, the word success is clearly too early to use. The global downward trend, in which the ICP price has been moving since September 2021, has been maintained by sellers. For three weeks, buyers have been trying to reverse this trend. However, during the trading week on 28 March, sellers clearly showed their dominance. With the help of limit orders, sellers extinguished all the passion of buyers at local highs. https://www.tradingview.com/x/aFW2PTLm/ Thus, a small weekly candle was formed with the highest trading volumes in 3 weeks. The local culmination of purchases showed the unwillingness of ICP buyers to start a new growth wave. During the week of 4 April, sellers leveled almost all the success of buyers in three weeks. This fact shows the inability to keep the price and redeem the offer of sellers. At the time of writing, sellers are testing a $15.7 critical mark. Buyers managed to repel the first attack, but there is no confidence and desire to seize the initiative. If the weekly candle of 11 April closes below the $15.7 mark, we will expect the ICP price to continue falling with a maximum target of $10. To realize such a negative scenario, the Bitcoin market must fall below $38,000. Technical Analysis Of ICP On The Daily Timeframe https://www.tradingview.com/x/SyfJdSGI/ However, the local perspective of preventing a negative scenario is present. Anal...