MyCryptoParadise

ICP/USDT Breakout the Bullish Pennant pattern. Bullish Momentum?

BINANCE:ICPUSDT   ICP / TetherUS
💎 ICP has experienced significant developments in the market. Currently, ICP has broken out of the Bullish pennant pattern, which is a bullish continuation pattern.

💎 Additionally, the chart has broken through the supply area and is now transitioning to the demand zone. If this scenario plays out as expected, it is probability that ICP will continue its upward movement and aim to reach our target in the bearish OB area.

💎 However, if ICP fails to maintain its position above the demand zone and breaks down below it, there is potential for the price to return to the support area to build new upward momentum.

💎 The support area is a critical zone, and it requires a bounce to prevent the price from heading to the Bullish OB area or potentially moving even lower.

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