ICP- Huge falling wedge for 100% rise

2023年12月8日

ICPUSDT has been trading in an immense falling wedge for a year and a half now.
At this moment the coin is exactly in the pattern's resistance and a break could fuel a strong rise.
The recent rise, although not so aggressive as in other coins could be interpreted as an accumulation in a rising channel which also adds to my bullish outlook.
In conclusion, I'm bullish ICPUSDT as long as it stays above 4 USD and, considering a target around 10usd, a 1:5 risk: reward could be achieved.

2023年12月17日

註釋

Target hit