🔥 ICP: Potentially Breaking Out Of 1.5 Year Bear Trend

2022년 12월 28일

Few weeks ago I made an analysis on ICP and the potential break out of the 1.5 year bear trend. The break out failed, so no entry has been made. However, the same theory applies to this signal.

I'm waiting patiently for a weekly close above the dotted resistance line. In case of a break out, I'm keeping my initial targets close at $5 and $6.

Since there's a lot of investors shorting ICP, we could see some kind of short-squeeze develop at some point in the future. When it will happen remains a mystery, though.