The ICP/USDT (1D) chart is currently forming a classic Bear Flag pattern, which is a bearish continuation pattern following a strong prior decline (flagpole). Flagpole: A sharp drop from around ±3.8 down to ±2.2 Flag: An upward consolidation within a small ascending channel (marked by rising support and resistance trendlines) This structure suggests that the current upward movement is only a temporary retracement before a potential continuation to the downside Additionally: Price is still below a strong resistance zone (±2.8 – 3.1), which previously acted as support The lower high structure remains intact → indicating continued seller dominance --- 🐂 Bullish Scenario A bullish case is only valid if there is a strong breakout above the upper channel and resistance zone: Break and close above ±2.8 – 3.1 Significant volume increase during the breakout Successful retest confirming the level as support 📈 Potential targets: 3.4 – 3.8 (next supply area)... Read more

I’m looking at this one from the daily first, then the 1H, then the 15m and GEX, because they actually line up pretty well right now. Daily On the daily, PLTR still looks like a stock trying to repair itself after that big drop from the highs. What stands out to me is this. Price already bounced well off the lower area around the low 120s, and now it’s back trading in the upper half of the range. That part is constructive. The problem is that it’s now pushing into a spot where sellers showed up before. The main thing I see on the daily is a broad range with support down near the mid 120s and resistance up near the upper 150s into 160. So even though price has recovered nicely, it still has not fully broken out of the bigger structure yet. For me, the daily says PLTR... Read more