$ICP Elliott Wave Setup — Wave 5 Targeting $6.13 Incoming?

#ICP is showing a perfect Elliott Wave structure on the lower timeframes, and the chart is pointing toward a potential Wave 5 extension. Momentum is building, structure is clean, and buyers are still defending each pullback.


📊 Wave Structure Breakdown

Wave (1): Initial impulse setting the trend

Wave (2): Healthy correction

Wave (3): Strong expansion — confirms bullish momentum

Wave (4): Shallow corrective pullback, showing strength

Wave (5): Currently in development with a 1.618 extension target at approx. $6.135


This aligns with broader resistance zones from higher timeframes, making it a high-probability confluence zone.



📈 Key Levels to Watch

Immediate Support: $5.55 – $5.50

Wave 5 Target: $6.10 – $6.20

Breakout Confirmation: Sustained candles above $5.85


⚠️ Note: A break below $5.45 invalidates this short-term Elliott structure, so manage risk accordingly.

#ICP looks ready to squeeze higher — watch the $6+ region closely. 🚀