The Trust Layer for Market Analysts

The analysis focuses on ICPUSDT, noting a significant 500% recovery from its KuCoin low of $1.50 to $9.70. Despite this, the analyst points out that a five-wave move up needs to form to give a proper upside reversal. There are current micro-support levels tracked between $5.23 and $7.28, which need to hold for the upside continuation. The analyst is tracking a potential five-wave move up in an impulse. The analyst specifies that the third wave reached ideal targets, hitting a 138% extension. The analyst raises the question of whether the current state is a circle wave four, with the next move being a B-wave bounce followed by a C-wave decline, resulting in an ABC down in wave four, allowing for a fifth wave up from there. If there are the five waves up after wave four, there can be a proper reversal.