📊 Technical Overview:
Pattern Identified: A Falling Wedge breakout to the upside — a classic bullish reversal pattern after a prolonged downtrend.
Breakout Confirmation: The breakout occurred near a key support level, increasing the reliability of the move.
Current Candle: Bullish candle above the wedge, confirming breakout strength.
🎯 Potential Price Targets:
First Target: $10.866
Second Target: $14.831
(Implying a potential upside of over +180% from current levels)
📉 Stop Loss:
Positioned at $2.709, below the previous low to invalidate the setup if breached.
✅ Conclusion:
ICP has broken out of a long-term falling wedge after months of correction. The breakout suggests a strong potential for a bullish rally towards the marked targets, as long as it holds above the support region.