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Weekly forecast Internet Computer technical chart

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 22, 2022 - 13:02
Forecastcontinuation of downtrend

Midterm forecast:

  • 4.590 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 6.03 on 2022-05-12 and the trough at 4.6 on 2022-06-18, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • A peak is formed in daily chart at 5.800 on 11/04/2022, so more losses to more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 35.

Symbol Released Current Forecast
Internet Computer (ICPUSD) Sat, 24 Feb 2024
Internet Computer (ICPUSD) Tue, 20 Feb 2024
Internet Computer (ICPUSD) Sun, 11 Feb 2024
Internet Computer (ICPUSD) Sun, 4 Feb 2024
Internet Computer (ICPUSD) Sun, 28 Jan 2024