$ICP the forgotten crypto about to make a comeback? $70-$100+
I know this sounds crazy bc LSE:ICP has done nothing but fall since hitting the market, but feel like it's finally time for this thing to make a move.
Why?
- Looks like it's formed a bottoming formation (inverse H&S)
- OBV shows a inverse head and shoulders pattern forming on the right side of the price action on the weekly time frame (inverse H&S within an inverse H&S)
- Multiple higher lows on weekly time frame in obv
- RSI crossing into extreme bullish/ parabolic levels on weekly timeframe
The only thing that needs to happen is price action needs to break above the last blue trend line. From there, I think we'll see a clear shot to $71. That's where I'd want to take profits, and we'll see if price can move any higher after that.
Taken a small position here incase it plays out.
Why?
- Looks like it's formed a bottoming formation (inverse H&S)
- OBV shows a inverse head and shoulders pattern forming on the right side of the price action on the weekly time frame (inverse H&S within an inverse H&S)
- Multiple higher lows on weekly time frame in obv
- RSI crossing into extreme bullish/ parabolic levels on weekly timeframe
The only thing that needs to happen is price action needs to break above the last blue trend line. From there, I think we'll see a clear shot to $71. That's where I'd want to take profits, and we'll see if price can move any higher after that.
Taken a small position here incase it plays out.