Many ask me for $ICP chart
On the daily chart, ICP has broken the downward trend line that was driving the entire bearish movement. As long as ICP remains in the green zone, the outlook remains positive.
On the monthly chart, we can clearly see that the price has tested and defended the same monthly zone for the second time, which increases the validity of the level.
This price action is typical of macro bottoms, but the red zone above the price is the first real supply block, where, however, for a true reversal, a break and close above the red zone and a valid flip are needed.
Be careful, without valid confirmations it is always risky, but if you want to try, do it with the right risk management.
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