ICP is beginning its ascend to the promised land with a breakout
Greetings ICP believers! :-)
After a convincing breakout from the trendline ceiling of a 2-month long range ICP is ready to take off.
RSI made a bullish bounce from the 50 level. There are three higher bottoms in RSI . Price action will likely attack levels of previous September run between 62 and 85 and if it holds there it may go to 120 region where 4-month long trendline positioned on top of all the chart highs forms a resistance.
T1: 62
T2: 68
T3: 85
T4: 124
What to look for after $124? If price action breaks over the trendline the 150 level is next and we may quite possibly see $190-200 just on time for Christmas, although that's a bit optimistic.
My personal view is that #InternetComputer is one of the soundest projects out there (motoko code, team, speed, scalability, rate of adoption by developers) and has the potential to reach top 3 in market cap.
After a convincing breakout from the trendline ceiling of a 2-month long range ICP is ready to take off.
RSI made a bullish bounce from the 50 level. There are three higher bottoms in RSI . Price action will likely attack levels of previous September run between 62 and 85 and if it holds there it may go to 120 region where 4-month long trendline positioned on top of all the chart highs forms a resistance.
T1: 62
T2: 68
T3: 85
T4: 124
What to look for after $124? If price action breaks over the trendline the 150 level is next and we may quite possibly see $190-200 just on time for Christmas, although that's a bit optimistic.
My personal view is that #InternetComputer is one of the soundest projects out there (motoko code, team, speed, scalability, rate of adoption by developers) and has the potential to reach top 3 in market cap.
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