ICP has broken its falling wedge downward thus in case of ICP, the falling wedge has turned into bearish sentiment rather than bullish due to downward break, its currently trying to retest the trendline support and is in a small uptrend on 15min chart (Uptrend support line drawn on chart), after confirmation of rejection and break of trendline support, ICP will be...
ICP had broken out of falling wedge and has retested on 15 min timeframe aswell, i am currently aiming for that 0.5-0.618 fib ratio but the target can be increased depending on the market situation at that time.
As we know that we have been making contracting ending diagonal waves on BTC and Wave 5 seems to have turned into extension of 3 corrective waves (ABC) so I am looking at 49-51k area as that is the key level of supply, from where the Ending Diagonal waves will play out. My target is the price range where Wave 2 is ending. Plus there lies the daily trendline which...
KSM has broken its trendline resistance after getting rejection from it for 4 times, Its currently in consolidation phase and an upward movement to 0.618 Fib level is expected soon.
ICP has been in continuous downtrend since its listing, after a long time, it has started making falling wedge pattern on 4 hour timeframe, this can act as the push needed for ICP to break the forever lasting downtrend. In case the upper trend line resistance is not broken, the safe target would be around 45-46 if this falling wedge is executed.