๐ฅ ICP Going Parabolic, But For How Long?
ICP has seen an incredible move over the last few days, where it gained almost 30% and severely outperformed the rest of the market.
Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming.
The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here.
If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.
Seeing that BTC is trading bullish/neutral, it's likely that ICP will continue to go up in the near-term. However, we're currently severely overbought, so a short-term correction might be coming.
The main resistance that I'm looking at the is top diagonal resistance, which connects the two most recent local tops. Be prepared for bulls taking profits here.
If BTC continues to go up, ICP will likely break out of the triangle. Till then, I'm assuming that ICP will stay in the pattern.
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