ICPUSDT

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ICPUSDTICP / TetherUSBINANCE:ICPUSDTmilikgroupy_tvCurrent Price Action: The price is currently in a corrective phase, with price interacting with significant support and demand levels, marked as OB (Order Block) and NECKLINE. These levels are crucial for potential reversals. Key Levels to Watch: FV+ Zone (Fair Value Gap): The upper resistance is marked by the FV+ zone, indicating a potential area of rejection or a strong bearish bias. OB (Order Block): The price is testing a significant Order Block at the lower end, which could provide a bullish reversal if price respects this demand zone. NECKLINE: A possible neckline of a reversal pattern, it could confirm a bullish breakout if the price sustains above it. Fibonacci Retracements: Price is currently retracing, and key Fibonacci levels (0.382, 0.5, 0.618) are in play. A bounce off the 0.5 Fibonacci level could signal a potential upside move towards the 1.272 and 1.618 extensions, providing a target for future price action. Trendline Support: A potential trendline (represented by the dashed line) could provide additional support for a reversal in price if it holds. Key Price Targets: First Target: Reaching the 0.618 Fibonacci level aligns with potential resistance at higher levels. Further Targets: Targeting the 1.272 and 1.618 Fibonacci extensions for further upside potential.