AliferCrypto

ICP Desc. Triangle Breakout + Rectangle, Targets $16.3 and $20

Long
BITGET:ICPUSDT   ICPUSDT SPOT
ICPUSDT broke out of its descending triangle and has successfully retested the resistance.

The triangle target is $20 ­čÄ»

Not the cleanest breakout, and lacking volume. Also, a case could be made for a rectangle pattern with a $14 resistance, so the safe play would be to wait for a daily close above that level.

The rectangle offers a second target: $16.3 ­čÄ»
This is also a previous resistance and could offer a good area to secure some profits.

Not Financial Advice

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