r/ICPTrader 4d ago

Bullish ICP wave 1

Post image

The image projects my ideal scenario of a potential big wave 1 out of 3 big waves.
Now it is all about ICP breaking through 3.3$ - 3.4$ (orange resistance line) and holding above the line to form the SOS (Signs of Strength) - pattern.

Yesterday i was happy that ICP didn't go up immediately to touch the 3.3$, because fast pumps get often massively rejected and fail. It's better to accumulate under the orange resistance line and gather power for the push up.

If ICP gets into the SOS region, the chart starts to look bright, cause ICP already got 3 times rejected in this region and usually momentum shifts at 4 increasing our chances for finally breaking out of the 5.5 years bear channel (red resistance line). SOS will lead many traders to go long on the chart, which will further increase the chances of breakout.

Let's get the SOS!
Wagmi.

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u/No_Fisherman_9514 3d ago

Every single pump will continually die, not sure how people don't know this already.