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Dantefe
Dec 22, 2023 2:00 PM

ICP Detailed Chart 

ICP / TetherUSBinance

Description

As mentioned before, ICP coin broke out from $3.50 and reached the range of $9-10. Later, I shared another analysis and mentioned that it was trying to return from around $9.80, and if it can hold here, it could go up to $15, but if it can't, we might see a reversal around $7.50. I tried to explain this more clearly and explicitly in this chart. If the market is still in a bullish season, ICP will initially attempt the $13-15 range. If it can break this range and continue the uptrend, it will target the $20-22 range.

As the year-end approaches, it's advisable to be cautious. Generally, the market experiences a drop before the year-end. However, the expectation of the Bitcoin ETF is keeping the market strong.

I wish everyone good luck and a happy new year.

Trade closed: target reached

ICP reached the first TP point. I will stop here since I don't trust the RSI.
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