hey there, this is just an idea. (I'm still fairly new to charting) I know the controversy behind ICP that caused such a quick decline, however I think there is an impending breakout, just a gut feeling. As of today (May 26th) Dfinity- the company behind ICP opened a new fund for over 200 million USD for ICP's production, may be a bit of a perk up for it. Of course this is all speculation and I'm not a financial advisor, but even if that doesn't create a bump, it does resemble a falling wedge, at least from my perspective, though I may have charted it wrong because I'm a noob. I welcome input! Thanks everyone.
Comment:
entry @ 137.88
Trade closed manually:
Trade closed manually: Trade closed manually: sold yesterday @ 144.5. I decided to chart out a gann fan/fibonacci level on the BTC/USD weekly and it's a bit of a gamble, but I'd rather miss out on making money than lose money. So I created a new position roughly corresponding to where I assume BTC will descend to in the coming week(s). ICP, while not a 1:1 match in its patterns and analysis, does link, as do the majority of altcoins, to BTC.I estimate an entry position for around Friday afternoon/evening ~125