The ICPUSDT pair has recently broken out of a falling wedge pattern, indicating a potential bullish reversal. The area of interest zone is currently a prime location for accumulation, as it offers an attractive risk-reward ratio for traders.
Should the price break above the local supply zone, it is expected to reach a mega target of $28. On the other hand, a failure to hold the area of interest may result in a bearish continuation towards the landing zone, as shown on the chart.
It is important to note that this is just a technical analysis and does not take into account any fundamental factors that may impact the price of ICPUSDT
Should the price break above the local supply zone, it is expected to reach a mega target of $28. On the other hand, a failure to hold the area of interest may result in a bearish continuation towards the landing zone, as shown on the chart.
It is important to note that this is just a technical analysis and does not take into account any fundamental factors that may impact the price of ICPUSDT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.