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I think the hardest bounces will be
$TAO current price $170
$NPC current price 0.006
$ZEC current price $220
$LTC current price $53
$ZIG current price $0.034
$BCH current price $475
Keep eye on this last.
Dca in cauz we might dive towards 60k.
But risk reward is 👌
$ICP update:
We are still moving alongside the market right now with this downturn, but it's super close here on the Weekly. This T/R combo has thus far been invalidated. Notice how this week's candle is just barely holding high enough to not close below last week's reversal candle. The key here is to close this week *above* the $4.77 level. Doing so will officially invalidate this T/R combo and we can then expect the downside to slow down and possibly reverse back up. But closing below that will indeed create more downside pressure.
The Daily is starting to slow down on the downside so that Weekly invalidation close has a chance to happen. We've almost tapped the track line and dipped below the 200DMA (pink line). 50DMA (blue) is right underneath. I would expect some sort of support around this area at the very least.
Lastly, the 4HR has a descending wedge, looks to be bouncing inside it on the way down. Ultimately, we are still in a major Stage 4 downtrend, but I would expect support to be found somewhere between that $4.20 - $4.60 level. Soon as it breaks out of this wedge on LTFs, then we can reassess on mid- to higher-timeframes.
$ICP update:
Okay, so not the best looking chart right now, but the larger wedge on HTFs is still intact. Just waiting on this consolidation to end.
Weekly has a reversal candle as of today, but this still has time to change. If it holds, watch next week's candle for confirmation or invalidation. Will need to see how tomorrow closes out.
The Daily confirmed this T/R combo after a near-breakout of the wedge, but pulled back within due to market fears. Hence, why we're seeing a pullback towards the track line or at least one of the MAs here. Ultimately, there's still a golden cross on the horizon.
LTFs are clearly bearish at the moment. Stage 4 downtrend still in progress. Just watch for a reversal or some sort of strength/recovery from here (maybe around the 200EMA here on the 4HR, or even a tap near $4.84?). After that, we reassess. The overall breakout target is still the same (the wedge).