The ICPUSDT pair has shown promising signs of emerging from a possible downward trend, with the price encountering a substantial resistance zone around the $15.40 level.
A modest pullback is anticipated at this point, which is likely to precede a bullish momentum. We have identified the retracement target, which is where we aim to re-enter the market.
Additionally, we have accounted for a key support level near the $4.67 threshold. Our intermediate and ultimate price objectives have been outlined on the provided chart.
It is crucial to monitor the immediate resistance level closely; should it be breached, we recommend entering a position as the asset retraces to this level, which is expected to act as support, with our established targets in mind.
We welcome your thoughts and endorsements on this analysis.
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Icp building up bull flag formation, if the current price break the setup upside, we will long the pullback towards the top trendline of the flag. On the other side the immediate buy back is a good area for buying opportunity should incase price give the chance with drop towards there.
I just look at this potential scenario ( maybe to bald ) ... but usual almost 90% of projects listed on Binance, go above first long wick from the day of listing