ICP has been one of the biggest losers of the past few months. Since it's inception on Binance, this token has practically only been trading down.
However, there might be some kind of relief rally coming to us in the near future. As seen on the chart, ICP is nearing the end of the falling wedge. Falling wedges are classically bullish reversal patterns.
Be aware that this pattern fails once ICP falls through the support. I'd advice to wait for the bullish break out before making an entry.
As the permanent downtrend was the big suprise for investors I expect big suprise of the uptrend. I will not sell my ICPs until it will reach 180-240 as a minimum price for this year. ICP will be a gamechanger for the web so the price can jump to 400,600,1500 usd next 5 years. The question is how much time can you wait and if you are ready for any unexpected dump before, also to the range like 0.8-7 usd.
citizenestatemusic
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Reminds me of the FIL falling wedge before it did a 10X!
MO-Capital
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@FieryTrading , i like your idea, thanks for sharing!