ICP started trading on Binance being one of the top10 cryptos by marketcap. However, since then this token has been subject to relentless selling and shorting. ICP has been one of the biggest losers of the last year, losing over 95% of its value since trading opened on Binance.
As of today, ICP has broken out of the falling wedge it has been trading in for the last 10 months. Falling wedges are classically bullish reversal patterns. Furthermore, the fact that ICP has been shorted so heavily since its inception on Binance could very well trigger a short-squeeze. Look at the GME chart what a short-squeeze can do to an asset.
I doubt that we're going to see a $1000 in the near future (or ever). However, a move towards $100 is definitely possible. For the near term I'd like to keep my targets a little bit closer, see the blue lines.
@BizzarTrading, if you invested today it would be your best😁
rogm86
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project can be considered a newer blue chip, that's mainnet lauch less then a year ago, is down 95% in value, and BTC smart contract integration is literally around the corner. If I was a savvy crypto investor that statement would be music to my ears.
ForexTrendline
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Looks great, good luck!
UnknownUnicorn15614419
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Good job!
CobraVanguard
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Professional work, I really like it
Solldy
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Nicely done!
UnitedSignals
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I guess we have a similar view on that. Well done!