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FieryTrading
Apr 29, 2023 12:21 PM

🔥 ICP Going Parabolic, But For How Long? Long

ICP / TetherUSBinance

Description

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ICP has seen an incredible move over the last few days, where it gained almost 30% and severely outperformed the rest of the market.

Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming.

The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here.

If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.
Comments
Bit-Xploid
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markjordan_23
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where you think it can reach in the short to medium term?
JCLARK87
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Noticed the same thing. Closed my long till we get confirmation.
LegionQ8
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Nice one, well done mate!
MonoCoinSignal
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Your chart is a fantastic way to see the data. Thank you for creating and sharing it!
WalterMoon
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Very nice ICPUSDT chart, I love it pal
vzik665
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I think the long downtrend was broken, How high can it go in the long run?
FieryTrading
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@vanzvik, Long-run being 2 years, I think >$30.
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