ICP cryptocurrency has come a long way enough from August 2021 to become attractive again for medium- and long-term investors. At the end of August we expected ICP cryptocurrency to continue growing up to $100. We talked about this in our previous forecast. However the maximum the buyers could do at that moment was the test of $87 mark. After unsuccessful attempt to stop above that level, the sellers started their mid-term decline. An interesting fact is that the sellers systematically test the strength of the buyers once a month. If you look carefully at the chart of cryptocurrency ICP, you can notice that attempts to break through the important range of $40-43 occurred in September, October and November. At the same time, the renewal of local minimums was very sluggish. The last attempt to update the local low was unsuccessful, which was a signal to consider the sellers as incompetent in this price range. The accumulation of positions within 3 months should allow buyers to organize a powerful wave of growth for the cryptocurrency ICP.
ICP Cryptocurrency -First growth target $90 mark
Looking at the chart of cryptocurrency ICP, we can assume that now there is a process of accumulation of long-term long position. If to analyze the situation on the wave analysis – now prolonged 2nd wave. After such correctional wave follows a strong growth impulse, which is better to start catching before it starts. The thing is that it will be very difficult to enter the market with acceptable risks at the beginning of this growth impulse.
We have placed orders to buy cryptocurrency ICP in the range of $34.50-37.50 and at the previous strait only one order to buy triggered. The rest of the buy orders we still keep open, because the chance of one more spill down remains. If you are interested in trading with us you can use our service “Deposit Management via API”.
If you don’t have patience and have strong faith in the project, the buying zone of cryptocurrency $37.50-43.50 is also tasty and weighted, because it is relatively close to the absolute minimum.
The first target, where it is possible to fix not bad profit for re-buying of ICP cryptocurrency is near the range of $90. The global aims from above for fixing the longs will be in the range of $150-185, and we will try to cover the longs nearer to $185.
ICPBTC price tramps the bottom
On the ICPBTC price chart, the falling trend is not over yet. Also, the buyers haven’t signaled their readiness to change the trend in the market. The only thing that gives a positive outlook for ICPBTC price movement so far is large volumes of trades in November. The fact of high volumes at historical highs gives a hint of at least a bounce of the price to the liquid zone of 0.0009. ICPBTC price fixing above this zone will give another signal of buyer strength.