#ICE

📊 Chart Overview – ICEUSDT (1H):

💵 Current Price: $0.004698

🔻 Previous Downtrend: Price was following a clean descending trendline, now broken.

🟦 Support Zone: $0.00450 – $0.00454 (gray box at bottom with demand reaction)

🟫 Resistance Zones:

First Supply Zone: ~$0.00490

Second Supply Zone: ~$0.00520

🔍 Technical Insights:

Breakout Confirmation:

Price has broken above the descending trendline, indicating a shift in momentum from bearish to neutral/bullish.

Volume spike or follow-up candle above $0.00470 would strengthen this breakout.

Demand Bounce:

The reaction from the $0.00450 support zone was clean — forming a small double bottom (W-pattern type behavior).

This support has held multiple times (highlighted with blue boxes), showing buyer strength.

Immediate Upside Targets:

🥇 First target: $0.00490 (first supply zone)

🥈 Second target: $0.00520 (next major resistance

These zones could trigger short-term profit taking or fresh sell pressure.

Invalidation Level:

A break below $0.00450 would invalidate the bullish setup and risk further downside.

📈 Summary:

The structure shows an early bullish reversal with short-term upside potential. Momentum above the broken trendline could lead to retests of key resistance zones. However, confirmation and volume follow-through are critical.

⚠️ Disclaimer:

This analysis is for educational and informational purposes only and does not constitute financial advice. Always do your own research, use stop-losses, and manage risk appropriately before trading.