#BlackRockETHPurchase 📢The ICP/USDC
💯 is on 🔥🔥
📊 Key Technical Indicators Observed
Price & Change:
Current Price: $5.615
24h Change: +8.06% (Bullish signal)
Volume:
24h Vol(ICP): 385,119.57 ICP
24h Vol(USDC): 2.10M USDC
Volume bars are mixed but show spikes around $5.63, indicating buying interest at support levels.
Moving Averages:
MA60: $5.638 (current price is slightly below MA60, which can be a short-term bearish signal)
MA(5): 99.15
MA(10): 242.35 (seems unrelated to price—possibly a charting issue or different timeframe)
Price Trend:
There’s a visible pullback from recent highs ($5.704) after a sharp rise, suggesting a potential retrace or short-term correction.
✅ Strengths (Bullish Signals)
24h Performance is strong (+8.06%).
Past 7-day gain: +14.01% — short-term uptrend.
Volume spikes indicate strong participation—likely buyers stepping in.
The coin bounced slightly off the intraday low ($5.162), showing demand.
⚠️ Weaknesses (Bearish or Risk Signals)
Price is just under MA60 ($5.638) — not convincingly bullish unless it breaks and holds above this.
Today’s volume change is slightly negative (-0.20%), suggesting fading momentum.
Longer-term trends are bearish:
180 Days: -50.17%
1 Year: -49.05%
💡 Signal Summary
Timeframe Signal Comment
Intraday ⚠️ Caution Below MA60. Possible retracement.
7-Day ✅ Bullish Strong uptrend recently.
30–90 Day ✅ Bullish Moderate growth—up to 11.74%.
Long-Term ❌ Bearish Steep declines over 6–12 months.
📈 Trading Signal
Short-Term (Scalp/Day Trade): ⚠️ Neutral to Mild Bullish
Wait for confirmation above $5.64–$5.65 with volume for a long entry.
Support at ~$5.16–$5.20; consider stop-loss around there.
Mid-Term (1–2 weeks): ✅ Bullish Bias
7-day trend and current recovery favor continuation if volume holds.
Long-Term (Investing): ❌ Avoid for now
Long-term performance is poor; only consider after a sustained breakout or fundamental catalyst.
