Just snapped this chart and it's painting a seriously bullish picture. We're up over 33% today, breaking past key levels.
Here’s what my eyes are glued to:
· Bollinger Bands: Price is punching through the Upper Band (UB: ~6.96). That's a classic sign of strong, momentum-driven buying. · Volume: This isn't a quiet move. Volume is exploding at 47.07M compared to its averages. That's conviction right there. · RSI: Okay, a word of caution – the RSI is reading a sky-high 91.11. That's deep in overbought territory and suggests we might be due for a cooldown or pullback soon.
The takeaway? This looks like a powerful trend reversal after a long consolidation. While the overbought RSI means don't FOMO in recklessly, the breakout itself is significant.
What's your plan? Buying a dip? Or riding the wave?
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📊 Look at $ICP go! 🔥
Just snapped this chart and it's painting a seriously bullish picture. We're up over 33% today, breaking past key levels.
Here’s what my eyes are glued to:
· Bollinger Bands: Price is punching through the Upper Band (UB: ~6.96). That's a classic sign of strong, momentum-driven buying.
· Volume: This isn't a quiet move. Volume is exploding at 47.07M compared to its averages. That's conviction right there.
· RSI: Okay, a word of caution – the RSI is reading a sky-high 91.11. That's deep in overbought territory and suggests we might be due for a cooldown or pullback soon.
The takeaway? This looks like a powerful trend reversal after a long consolidation. While the overbought RSI means don't FOMO in recklessly, the breakout itself is significant.
What's your plan? Buying a dip? Or riding the wave?
#ICP #InternetComputer #Trading #Gateio #Crypto