ICP project was announced with great fanfare and promised great features. However, ICP's price was in a long downtrend until recently when price broke the downtrend line and made a higher high and a higher low. It's too soon to surmise the major trend reversal has happened since at least another higher high and higher low is needed. Let's see what happens.
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It is possible that ICP has made a double bottom, and thus a reversal can happen. We have to wait for confirmation.
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Just an update.
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So, ICP has been moving in a somewhat descending channel. It seems ICP has started an upward wave from the bottom of this channel. Let's see if ICP can reach the upper line or even break through it.
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So, ICP reached the channel's upper line and broke it with momentum, showing that the impulse wave is strong. It is most probable that a big Cup and Handle pattern is unfolding. Let's see what happens.
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So, ICP went up pretty well. It seems ICP is resting/oscillating in an ascending channel. Let's see when ICP break this channel upward.
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So, ICP still oscillating in the ascending channel.
@panunen, Usually, for reversal confirmation, we need to see at least two higher highs and higher lows. But since a double bottom pattern may have formed, we also need the price to break above this double bottom's peak, which is around 8.2.