Hey traders!
ICP is showing a textbook Adam & Eve Double Bottom inside a Descending Channel — and it’s gearing up for a major breakout!
Key Highlights:
Pattern: Adam & Eve reversal formation spotted
Structure: Descending Channel breakout imminent
RSI: Bullish momentum confirmed with breakout above 50 level
Volume: Healthy uptick in volume during Eve formation
Major Support Zone: $4.50 – $4.90 (strong historical demand)
Target Levels (Fibonacci-Based):
TP1: $5.99
TP2: $7.26
TP3: $8.71
TP4: $9.79
️ Risk Management:
Invalidation: If price drops below $4.60 support zone
Trade Idea:
Waiting for daily close above the neckline (~$5.30) with strong volume confirmation before entering.
🧠 Notes:
Conservative traders can wait for a clear retest of the breakout line.
Aggressive traders may enter on breakout candle with volume confirmation.
Community:
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Let’s grow together, team!
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