Big Explosion Of Internet Computer Crypto Coin | ICP Price Prediction 2024

 


Big channel breakout:

On a weekly time frame from July 2021 up till the month of January 2023, internet computer was moving in a very long term down channel, and finally in the month of January 2023, it broke out the multi-years-based resistance of this channel

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Big wedge breakout:

Then ICP got stuck inside in another falling wedge pattern and from the month of Feb 2023 up till the month of October 2023 it has been moving inside this wedge, and finally broke it out this pattern as well

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Powerful rally and resistance levels:

After breaking out the falling wedge pattern, the price has been struggling to break the next resistance of $4.60 for almost 5 weeks, and finally this resistance is also broken out. From the low of September 2023 up till the high of January 2024, ICP has surged more than 476%, and now for the past 3 weeks it is struggling to break out a key resistance of $15, therefore, in order to continue this rally the priceline if Internet Computer needs to break out this resistance.

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Conclusion:

Internet computer has broken out in multi-years-based down Channel and then it quite big falling well pattern as well therefore the long term downtrend has been finished and this uptrend will be continued for the long term

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