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Mihai_Iacob

ICP- Huge falling wedge for 100% rise

Long
ICP / TetherUS (BINANCE:ICPUSDT)  
Mihai_Iacob Updated   
BINANCE:ICPUSDT   ICP / TetherUS
Trend Analysis Chart Patterns Technical Indicators ICP ICPUSDT icpusdtanalysis cryptosignals signals signalservice signalprovider Contains image
25
4
trendanalysis chartpattern indicator icp icpusdt icpusdtanalysis cryptosignals signals signalservice signalprovider containsimage
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.
Comment:
Target hit
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