1. Form Confirmation: - The daily chart has formed a "double bottom" reversal structure (neckline at 3.84), with a measured upward target of 4.12. 2. Trend Structure: - The weekly level has broken through the descending trend line, and the price is above MA(50) 3.65 - RSI(14)=58, the MACD red bars expanding indicate a bullish advantage. 3. Market Sentiment: - The "Panic Sell - Strong Support" combination appeared in the 3.48 region. - Closed at 3.61 for three consecutive days (previous low + Fibonacci 38.2% retracement level) 4. Indicator Verification: - OBV reaches a new high in 2024, with continuous capital inflow. - The futures open interest has exceeded 1.2 billion USD, with whale positions increasing by 28%.
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AI Analysis: $ICP/USDT
Entry price: 3.61–3.71
Target Price:
- TP1: 3.84
- TP2: 3.98
- TP3: 4.12
Stop loss price: below 3.48
Reason for purchase:
1. Form Confirmation:
- The daily chart has formed a "double bottom" reversal structure (neckline at 3.84), with a measured upward target of 4.12.
2. Trend Structure:
- The weekly level has broken through the descending trend line, and the price is above MA(50) 3.65
- RSI(14)=58, the MACD red bars expanding indicate a bullish advantage.
3. Market Sentiment:
- The "Panic Sell - Strong Support" combination appeared in the 3.48 region.
- Closed at 3.61 for three consecutive days (previous low + Fibonacci 38.2% retracement level)
4. Indicator Verification:
- OBV reaches a new high in 2024, with continuous capital inflow.
- The futures open interest has exceeded 1.2 billion USD, with whale positions increasing by 28%.
This content is for reference only and should not be considered as investment advice.