Evening Traders,
Today’s analysis – ICUSDT – trading above its local s/r where continuation to the upside is probable,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- Swing High Objective
- Declining Volume
- RSI Neutral
ICPUSDT’s immediate price action is impulsive, trading above its dynamic support allowing for a bullish bias.
The swing high is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The current volume is on a decline, an influx is highly imminent when testing a new trade location.
Overall, in my opinion, ICPUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helped,
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone