ICP had been in a wedge for the better part of 6months and we are finally seeing a bullish breakout. As mentioned before in previous posts, wave E can sometimes fall short - which we got here for ICP. Wave E fell short but we created a double bottom pattern before the breakout which is a good bullish indicator for reversal.
Trade Idea: - Look for lower timeframe pullbacks and enter - Put stops below the lows - Targets: 37, 57, 100, 150, actively manage the rest.
ICP has the potential to go much higher. Buying it at the lows here would be great for a long term investment.
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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.