After ICP broke below $2.82, the previous short-term bullish plan has become invalid. Now, I am mainly focusing on the evolution of the yellow scenario line. Once the price re-establishes above that downward trend line, it may just be an ABC correction pattern rather than a direct reversal. In simple terms, it depends on whether it can break through the trend line again—if it can, then the subsequent direction is worth paying close attention to. The current position still has uncertainties.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
7
Repost
Share
Comment
0/400
DYORMaster
· 4h ago
It's dropped again. Is 2.82 really the bottom? Seeing how conflicted you are, I can tell the direction hasn't been decided yet.
View OriginalReply0
ZKProofster
· 22h ago
nah, the $2.82 break was technically inevitable tbh. abc corrections are just the market's way of being cryptographically annoying—mathematically sound chaos, if you will. trend line retest? that's when things get interesting, or get liquidated. either way, the volatility vector here is... unpredictable.
Reply0
BlockDetective
· 12-27 00:30
It has broken below support, everyone bullish will have to rethink.
View OriginalReply0
ImpermanentPhobia
· 12-26 01:53
Dropped again... Seeing you all discuss so enthusiastically, I really can't understand when that yellow line will break through. It feels like I'm waiting forever.
View OriginalReply0
OldLeekConfession
· 12-26 01:41
Fell below again? ICP really can make people's blood pressure soar.
View OriginalReply0
DegenRecoveryGroup
· 12-26 01:39
It has dropped again... Looks like I need to wait a bit longer; the trend line is probably the real signal.
View OriginalReply0
MerkleDreamer
· 12-26 01:38
It has dropped again. The bullish plan is pointless. This market trend is really frustrating.
After ICP broke below $2.82, the previous short-term bullish plan has become invalid. Now, I am mainly focusing on the evolution of the yellow scenario line. Once the price re-establishes above that downward trend line, it may just be an ABC correction pattern rather than a direct reversal. In simple terms, it depends on whether it can break through the trend line again—if it can, then the subsequent direction is worth paying close attention to. The current position still has uncertainties.