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Weekly forecast Internet Computer technical chart
Symbol ICPUSD

Trading suggestion:

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

DateSeptember 16, 2022 - 10:38
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 9.800 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.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 7.45 on 09/11/2022, so more losses to support(s) 5.65, 4.60 and 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 41.

Symbol Released Current Forecast
Internet Computer (ICPUSD) Sat, 23 Mar 2024
Internet Computer (ICPUSD) Sun, 17 Mar 2024
Internet Computer (ICPUSD) Sun, 10 Mar 2024
Internet Computer (ICPUSD) Sun, 3 Mar 2024
Internet Computer (ICPUSD) Sat, 24 Feb 2024