We are just so close to the end of the triangular formation!
Up break the imminent selling " wall " that we will encounter is around $33.0
Colours: Red is resistance line, blue & purple are bottom support lines.
BTC is signaling a short in my opinion, and this may drive ICP further down.
However, if this doesn't happen, ICP is likely due for a little pump.
I think this would be a good setup to enter AFTER the break from the resistance line AND when it comes down to test it as support, because it may as well be a fake breakout.
Nonetheless, these are good +10-15% chances. Let's keep our eyes on this.
Note: Previous Wyckoff idea had failed. I will link my failed chart on the bottom.
Buy in is around : $20.00 - $20.86
TP 1: $28
TP 2: $33
Then we wait for re-entering the trade once it is calmed down.
Up break the imminent selling " wall " that we will encounter is around $33.0
Colours: Red is resistance line, blue & purple are bottom support lines.
BTC is signaling a short in my opinion, and this may drive ICP further down.
However, if this doesn't happen, ICP is likely due for a little pump.
I think this would be a good setup to enter AFTER the break from the resistance line AND when it comes down to test it as support, because it may as well be a fake breakout.
Nonetheless, these are good +10-15% chances. Let's keep our eyes on this.
Note: Previous Wyckoff idea had failed. I will link my failed chart on the bottom.
Buy in is around : $20.00 - $20.86
TP 1: $28
TP 2: $33
Then we wait for re-entering the trade once it is calmed down.
Commento:
Price below the purple line means it is really bad and bearish
