Description
⋅ What we can see in the chart is a head and shoulders pattern.
If this pattern plays out , we will see 30 % drop
$4,20 may be a good price to buy more ICP if we get it.
Long-term we still expect $80 .
Short-term $4,20 would NOT be anything surprising.
Enter the short position only if/when the price breaks down the neckline of the head and shoulders pattern.
Trade active
⋅ Neckline broke as expected. On the way down now
Comment
⋅ Good progress. Still expecting ICP to drop lower. Patience is a key
Trade closed: target reached
⋅ Well done. Target reached. Congratulations