ICP current market price: $5.166.
The reason for buy:
1. The Moving Average indicator has crossed to the upside which indicates buy signals.
2. The MACD indicator has also crossed to the upside and that gives us additional confirmation to enter buy positions.
3. The STC indicator also turned from red to green and it is below the level of 25 which also indicates buy signals. In conclusion, it is a high probability trade when three indicators are aligned with the same direction.
Disclaimer: This post is solely the author’s opinion and it’s not financial advice.
Please trade according to your trading plan and follow your risk management.