Over the course of the last year, ICP has simply been selling off. No fake outs, no sideways, just going down only.
In my last ICP analysis I was looking at the same bearish trend line. Back then we were in a similar position as now, close to (finally) breaking out, but not there yet.
Next couple of days are going to be important for ICP's longer-term trend. If we can't break out, expect further selling for the next 1-2 months. If ICP will break out, it could just be a minor bullish move or it can be the start of something greater.
For now, I keep my targets close at $6 and $8.5 respectively.
In my last ICP analysis I was looking at the same bearish trend line. Back then we were in a similar position as now, close to (finally) breaking out, but not there yet.
Next couple of days are going to be important for ICP's longer-term trend. If we can't break out, expect further selling for the next 1-2 months. If ICP will break out, it could just be a minor bullish move or it can be the start of something greater.
For now, I keep my targets close at $6 and $8.5 respectively.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.