The Trust Layer for Market Analysts

The analysis focuses on ICPUSDT using an 8-hour chart, highlighting a breakout above a critical swing high prior to October 10th. After the breakout, the price rallied to a resistance area around 6.544 before getting rejected and starting to decline. A three-wave move up was observed, getting rejected at the Fibonacci resistance level. The analyst points out that the next few hours will be important, as the market tests the previous breakout point. The analyst highlights that it is important to avoid breaking back below it, looking for higher prices as long as the price holds above the previous breakout point, especially around $4.70, and avoiding a decisive break below this level is a priority. A break below $4.70 could lead to a test of the $3.10 area. The analyst mentions that there is no long-term bullish chart, it is starting a move from an all-time low.