ICP Bearish Wedge
Pretty simple chart on ICP. I had previously charted a clear head and shoulders, which was met to more or less the expected target.
ICP has now formed the bearish symmetrical wedge identified in green on the chart.
Statistically a bearish pattern, but no pattern is 100%.
Breakdown of this pattern's price target would be around $3.5, a measured move of the height of the wedge.
ICP has now formed the bearish symmetrical wedge identified in green on the chart.
Statistically a bearish pattern, but no pattern is 100%.
Breakdown of this pattern's price target would be around $3.5, a measured move of the height of the wedge.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.