Hello traders , in this idea I wanna to talk about ICP .
let's explain the daily chart :
in the daily chart , as you can see ICP price create a very clear bull flag and trying to break out from the flag , but let's calculate the potential price targets for the ICP :
1_there is different methods to calculating price targets for the ICP , one of them is :you can drawing fib extension tool from the beginning the handle of the flag around 38$ , up to the top around 75$ and then you can say the technical targets of this pattern should be around 94$ .
2_but also you can expand your target to the second blue box or reduce your target if you are cautious to the 0.786 fib level.
but let's finds more details in the 4H time frame :
as you can see in the 4H time frame , price already breaked out from the flag and now already below the 4H structure , and if you wanna to looking for the LONG POSITION you can wait for the breaking from the 4H structure and retest it as new support and also its possible to also retesting the 21ema .
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
let's explain the daily chart :
in the daily chart , as you can see ICP price create a very clear bull flag and trying to break out from the flag , but let's calculate the potential price targets for the ICP :
1_there is different methods to calculating price targets for the ICP , one of them is :you can drawing fib extension tool from the beginning the handle of the flag around 38$ , up to the top around 75$ and then you can say the technical targets of this pattern should be around 94$ .
2_but also you can expand your target to the second blue box or reduce your target if you are cautious to the 0.786 fib level.
but let's finds more details in the 4H time frame :
as you can see in the 4H time frame , price already breaked out from the flag and now already below the 4H structure , and if you wanna to looking for the LONG POSITION you can wait for the breaking from the 4H structure and retest it as new support and also its possible to also retesting the 21ema .
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
