ICP looks set to break out somewhere in this area.
Since the bottom, price has completed a 1:1 ABC and now looks to be in a continuation pattern.
Notice the mini bull flag breakouts within the horizontal channel. Each one builds pressure. As Wyckoff described - they are "the cause." When price breaks out that will be "the effect" of pressure built and may well be explosive.
There are other possible ratios but if price breaks above the containment channel then I think this will most likely be a 1:1 ABC up to $154 area.
Not advice.
Since the bottom, price has completed a 1:1 ABC and now looks to be in a continuation pattern.
Notice the mini bull flag breakouts within the horizontal channel. Each one builds pressure. As Wyckoff described - they are "the cause." When price breaks out that will be "the effect" of pressure built and may well be explosive.
There are other possible ratios but if price breaks above the containment channel then I think this will most likely be a 1:1 ABC up to $154 area.
Not advice.
Note
Each of these mini breakouts also consolidating the 1:1 C top area @$67.A third mini breakout within the channel now.
Note
Looking impulsive here Note
Back into the horizontal channel. If BTC drifts up I think this should break out again.
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Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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