ICPUSDT

Current Price Action: The price is currently in a corrective phase, with price interacting with significant support and demand levels, marked as OB (Order Block) and NECKLINE. These levels are crucial for potential reversals.

Key Levels to Watch:

FV+ Zone (Fair Value Gap): The upper resistance is marked by the FV+ zone, indicating a potential area of rejection or a strong bearish bias.

OB (Order Block): The price is testing a significant Order Block at the lower end, which could provide a bullish reversal if price respects this demand zone.

NECKLINE: A possible neckline of a reversal pattern, it could confirm a bullish breakout if the price sustains above it.

Fibonacci Retracements: Price is currently retracing, and key Fibonacci levels (0.382, 0.5, 0.618) are in play. A bounce off the 0.5 Fibonacci level could signal a potential upside move towards the 1.272 and 1.618 extensions, providing a target for future price action.

Trendline Support: A potential trendline (represented by the dashed line) could provide additional support for a reversal in price if it holds.

Key Price Targets:

First Target: Reaching the 0.618 Fibonacci level aligns with potential resistance at higher levels.

Further Targets: Targeting the 1.272 and 1.618 Fibonacci extensions for further upside potential.