ICP/USDT: Bearish Head and Shoulders Pattern - Stay Alert!

πŸ’Ž Paradisers, Let's dive into ICP/USDT on the daily chart. We're spotting a head and shoulder pattern. Now, while this pattern's reliability isn't typically strong near market bottoms, the overarching bearish sentiment in both ICP and the broader crypto market boosts the likelihood of this pattern playing out.

πŸ’Ž For the bears to take control, we need to see a breakdown below the pivotal level of 3.146, followed by a retest. If that happens, we could be looking at a slide down to the next demand zones at 2.314 and 1.792.

πŸ’Ž Keep your trading strategies flexible and stay alert, ParadiseSquad!

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