🔥 ICP Falling Wedge Break Out: High Risk Reward Potential
ICP has been selling off for nearly a month now. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so that's why we're looking bullish.
Wait for the price to break out and close outside of the pattern before considering an entry. Looking at 4.90 for now. Target placed at 6.80 for optimal risk-reward of 11.18, but could be 6.20 or 5.45, depending whether you want a higher probability trade.
Wait for the price to break out and close outside of the pattern before considering an entry. Looking at 4.90 for now. Target placed at 6.80 for optimal risk-reward of 11.18, but could be 6.20 or 5.45, depending whether you want a higher probability trade.
Nota
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.