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trickykid
Jul 7, 2021 10:51 AM

$ICP Long

ICP / TetherUSBinance

Description

We've seen it before:

1) Market maker showed where is the bottom for ICP with a strong volume candle
2) Price been consolidating in the range of $42-52
3) Now it's above 10 and 20 day SMA with Anchored VWAP (pink line) starting to uptrend, showing that we step in the zone of bulls prevalence
4) The same VWAP line can work as resistance, so I see the first target as $90-100

Trade active

1 month of waiting but it's worth it.
Breakout of the wedge and next resistance at $70. I sold 50% at $56, move stop-loss to breakeven

Trade closed: target reached

Sold the rest of position cause the price reached it's target. Could add again if it breaksup, but would deem it as a separate trade.
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