🔥 ICP: Will It Finally Break Out Of The 1-Year Bear Trend?
Over the course of the last year, ICP has simply been selling off. No fake outs, no sideways, just going down only.
In my last ICP analysis I was looking at the same bearish trend line. Back then we were in a similar position as now, close to (finally) breaking out, but not there yet.
Next couple of days are going to be important for ICP's longer-term trend. If we can't break out, expect further selling for the next 1-2 months. If ICP will break out, it could just be a minor bullish move or it can be the start of something greater.
For now, I keep my targets close at $6 and $8.5 respectively.
In my last ICP analysis I was looking at the same bearish trend line. Back then we were in a similar position as now, close to (finally) breaking out, but not there yet.
Next couple of days are going to be important for ICP's longer-term trend. If we can't break out, expect further selling for the next 1-2 months. If ICP will break out, it could just be a minor bullish move or it can be the start of something greater.
For now, I keep my targets close at $6 and $8.5 respectively.
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