#ICP #INTERNET_COMPUTER Technical Analysis

#ICP Technical Analysis

View the classic patterns of double bottom and triangle along with drawing movement channels as well as assisting Fibonacci levels and obtaining cluster ranges.

According to the items specified for the triangle pattern target, the initial targets of this pattern is range 88 and the next targets are 111 & $ 128.

On the other hand, according to the double bottom pattern, the targets of this pattern are between $ 93 and $ 123.

By putting these together, we get to the cluster boundaries.

So according to the mentioned cases, the possible price targets for the next one to 4 months are:
1- 89$
2- 111$
3- 123$

The break-even point for this analysis is the consolidation below $ 54

Suitable range of entry: 69-63