Alikze »» ICP | Forming a triangle corner pattern
2024-09-13

🔍 Technical analysis:  Forming a triangle corner pattern 

- According to the  analysis presented  in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure.

- As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand.

- Currently, a triangle corner pattern is formed in the green box area.

- Therefore, the last correction leg can be removed from compression by filling the gap of FVG.

- If it exits from the density above, it can grow up to the range of 12.5 dollars.

🛑  The most important resistance: $12.50 

💎  Alternative scenario:  If the breakout occurs from below and the green box is broken, the correction can extend to the green box.

💎  So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50. 
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  BINANCE:ICPUSDT  
