ICP inverted H&S*log scale
Internet Computer is approaching the major downtrendline which dominated for almost a year. Price forming Inverted Head and Shoulders 🤷 so it looks like price may be bottoming but still too early to say! IF price breaks the Neckline @ 9.8 and the major downtrendline then I think there is chance for run to 14.9 and even higher. Check how the iH&S target coincides with important market structure (yellow).
ENTRY : Neckline break @ 9.8
STOPLOSS (SL) : Left Shoulder @ 6.75
TARGET (TP) : Inverted H&S target projection @ 14.9 (view reg scale to do the projection Head-Neckline = Neckline-Target)
REWARD RISK RATIO (RRR) : 1.5
INVALIDATION : when SL level hit (Left Shoulder @ 6.75)
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
