On the ICP chart, we see a trend line that is now acting as resistance. The price will go up if it breaks this resistance. The best scenario would be if the price goes back down to $39.5 and then breaks the trend line. In that case, there will be a good entry point after the breakout. There is also a good buying opportunity if the price squeezes near the trend line and breaks through it.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
I've been watching this one for a while too. Looks like a lot of upside potential.....perhaps not the $2800 it had when it opened but still some great upside. We just need the volume to kick in and it will fly! Might be better than SHIBA? what are your thoughts Yuriy?
scoroop
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perfect breakout. I bought today just after retest and it worked as a charm :). let's see if it goes as high as ~60 :).
ForexTrendline
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Nicely done, thank you!
rogm86
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I bought in a week ago because I had a feeling(under the market circumstances) that ICP would double bottom and then follow the trendline upward. Nice chart, I was going to make one just like this and share, but now I don't have too.