#ICP/USDT #ICP The price is moving in a descending channel

#ICP

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.

We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.

There is a key support zone in green at 3.40. The price has bounced from this zone multiple times and is expected to bounce again.

We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward move.

Entry price: 3.43
First target: 3.48
Second target: 3.55
Third target: 3.63

Don't forget a simple principle: money management.

Place your stop-loss below the green support zone.

For any questions, please leave a comment.

Thank you.