ICP / TetherUSLong
Alikze »» ICP | Forming a triangle corner pattern
Updated
🔍 Technical analysis: Forming a triangle corner pattern
- According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure.
- As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand.
- Currently, a triangle corner pattern is formed in the green box area.
- Therefore, the last correction leg can be removed from compression by filling the gap of FVG.
- If it exits from the density above, it can grow up to the range of 12.5 dollars.
🛑 The most important resistance: $12.50
💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box.
💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50.
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ICPUSDT
- According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure.
- As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand.
- Currently, a triangle corner pattern is formed in the green box area.
- Therefore, the last correction leg can be removed from compression by filling the gap of FVG.
- If it exits from the density above, it can grow up to the range of 12.5 dollars.
🛑 The most important resistance: $12.50
💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box.
💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
ICPUSDT Note
According to the predicted movement path, after a correction in the form of wave E, the dynamic trigger has succeeded. Trade closed: target reached
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