TradingView
darkpiggie
Jun 20, 2021 10:55 PM

icpusdt 

Internet Computer / TetherCoinbase

Description

icpusdt is down over 90%
There is a beautiful falling wedge, with multiple divergences on many time frames.
IF this plays out by textbook, we could see a possible reversal.
Usually falling wedges break to the upside.
Nothing is certain, but given the 90+% drop, the divergences and the beautiful pattern, it's very likely we are bottoming around these levels.

It's just for educational purpose as usual.

Trade closed: stop reached

Bearish breakout
Comments
Mccflb333
Its going to drop more. Just abandon this dead token
darkpiggie
@Mccflb333, seems like it, it broke down of the falling wedge
darkpiggie
@Mccflb333, I don't really care about the token, the wedge seemed interesting, but apparently bearish trend isn't over yet for any token
HassanAsheref
How much deep it can go?
Mccflb333
@HassanAsheref, around low 10's so dump this token and stay away from ICP
jbcell180
+1 on reversal
More