ICP/USDT – 2H – SELL
SELL
74%
▲ Bullish 26% (4.81)
▼ Bearish 74% (13.76)
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Signal evolution
Events for ICP/USDT
Full calendar- TomorrowUSDInitial Jobless Claims (Aug/08)●●●Forecast 198KPrevious 199Kin 20h
- TomorrowUSDCore PPI YoY (Jul)●●●Forecast 4.7%Previous 4.7%in 20h
- TomorrowUSDCore PPI MoM (Jul)●●●Forecast 0.2%Previous 0.2%in 20h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | Fibonacci Break UpTrend (0%) | fibonacci | 2.68 |
| ▼ | MAMA PRICE Retreat Down | indicator | 2.15 |
| ▼ | TRIMA Retreat Down | indicator | 1.79 |
| ▲ | CCI OS Exit | indicator | 1.78 |
| ▼ | HT TRENDLINE Retreat Down | indicator | 1.60 |
| ▼ | BOP Zero Cross Down | indicator | 1.50 |
| ▼ | EMA Retreat Down | indicator | 1.41 |
| ▼ | STOCHF KD Cross Down | indicator | 1.26 |
| ▼ | Bearish Engulfing | candlestick | 0.86 |
| ▼ | Last Engulfing Bottom | candlestick | 0.82 |
Trend Context
15MDOWNTrend forming
30MDOWNTrend forming
1HDOWNTrend forming
2HDOWNTrend forming
4HUPVery strong trend
8HUPSolid trend
12HUPSolid trend
1DUPTrend forming
Analysis
🎯 Key Takeaways
- Short-term bearish signals on 2H suggest a pullback, but longer timeframes remain bullish.
- Watch the 2.06300 support level; a break below could signal a deeper correction.
- Momentum is fading on lower timeframes, but the 4H trend is very strong, so caution is advised.
- The Fibonacci Break UpTrend (0%) indicates a potential trendline support break, adding to bearish pressure.
The 2H chart for ICP/USDT has fired a cluster of bearish signals, including a BOP Zero Cross Down, CCI exiting overbought territory, a STOCHF KD Cross Down, and multiple moving average retreats (EMA, TRIMA, MAMA Price). Additionally, a Fibonacci Break UpTrend (0%) and a trendline retreat on the higher timeframe suggest that the recent upward momentum is losing steam. These signals collectively point to a short-term bearish correction within the broader uptrend.
Across timeframes, the picture is mixed: the 15m through 2H timeframes are all bearish with trend forming (2/5), indicating early-stage downside momentum. However, the 4H, 8H, and 12H timeframes remain bullish with solid to very strong trends (3-4/5), and the daily is also bullish but forming. This suggests that the current bearish signals are likely a pullback within a larger uptrend rather than a full reversal. Key levels to watch: immediate resistance at 2.39700, and support at 2.06300. A break below support would confirm deeper correction, while holding above it could see the uptrend resume.
Across timeframes, the picture is mixed: the 15m through 2H timeframes are all bearish with trend forming (2/5), indicating early-stage downside momentum. However, the 4H, 8H, and 12H timeframes remain bullish with solid to very strong trends (3-4/5), and the daily is also bullish but forming. This suggests that the current bearish signals are likely a pullback within a larger uptrend rather than a full reversal. Key levels to watch: immediate resistance at 2.39700, and support at 2.06300. A break below support would confirm deeper correction, while holding above it could see the uptrend resume.
Catalysts
- ▼ Multiple indicators align bearishly on the 2H timeframe (BOP, CCI, STOCHF, and moving averages).
- ▼ Lower timeframes (15m-2H) are all bearish, showing consistent short-term momentum.
- ▼ A break of the Fibonacci uptrend line (0%) adds technical confluence.
- ▼ Resistance at 2.39700 is nearby, providing a clear level for potential reversal.
Risk Factors
- ▲ Higher timeframes (4H, 8H, 12H) are bullish, which could override the short-term bearish signal.
- ▲ The 4H trend is very strong (4/5), so the pullback may be shallow and reverse quickly.
- ▲ If price holds above support at 2.06300, the bearish scenario could fail.
- ▲ Momentum on lower timeframes is only trend forming (2/5), indicating weak conviction.
Symbol
ICP/USDT
Timeframe
2H
Direction
SELL
Probability
74%
Strength
MODERATE
Date
2026-08-11 22:00
cat_ Crypto
Crypto
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 2.39700 | 2026-08-11 |
| S1 | 2.06300 | 2026-08-07 |
| S2 | 2.04300 | 2026-08-03 |
| S3 | 1.99400 | 2026-08-01 |