The chart does not need any explanation. If you have questions, comment below. Pennant breakout, final target 100%, length of the pole. important resistance at the previous high of the last rally. follow me for more charts and TA material.
@jojoshery098, Hello, Yes ICP have painted a good, however, it is a complex breakout, which means it needs to be managed. We can appreciate that the volume has expanded on the breakout and then shrink in the retracement which is a healthy sign. I still believe it will reach a minimum of 81 dollars, with my final target at 104 dollars. However, right now the retracement will continue down to 62.5 at least with a possible wick down to catch some stop losses at 60.5. If ICP clean break down 60 then I will exit as it will turn more bearish than bullish. For now, it is still a good hold for me, patience.