Which of these options do you think has the highest probability?
Option 1
Is ICP forming a double bottom reversal on the weekly time frame? If support holds in the $3.00 area and momentum returns to the crypto market a break out through $6.00 and then $9.00 and then $18 may play out. Expect a massive acceleration in price beyond $18.00.
Option 2
Is ICP in a large falling wedge? Will a failed retest of resistance at $6.00 during the next few months lead to a low around $1.00 to $1.50. If this is the case could it break out of the weekly falling wedge as momentum in the crypto market reforms in 2026/27?
Option 3
ICP is a failed project that will bleed price action with no trend reversal imminent?
For me, ICP is on my accumulation list at anything around $3.
I think there is a long term play here.
Option 1
Is ICP forming a double bottom reversal on the weekly time frame? If support holds in the $3.00 area and momentum returns to the crypto market a break out through $6.00 and then $9.00 and then $18 may play out. Expect a massive acceleration in price beyond $18.00.
Option 2
Is ICP in a large falling wedge? Will a failed retest of resistance at $6.00 during the next few months lead to a low around $1.00 to $1.50. If this is the case could it break out of the weekly falling wedge as momentum in the crypto market reforms in 2026/27?
Option 3
ICP is a failed project that will bleed price action with no trend reversal imminent?
For me, ICP is on my accumulation list at anything around $3.
I think there is a long term play here.
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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.