The analysis focuses on the ICP/USDT pair using a 4-hour chart. The analyst expresses a negative sentiment about the chart, indicating that despite holding a support area for an extended period since the April low, the chart has not performed as well as others. The discussion revolves around a corrective rally characterized by three waves up, three waves down, and three waves up again. A potential triangle pattern is suggested, where the analyst is not sure if this is a triangle pattern. A lower low has formed, he highlights that a bullish signal would be a break above the upper trendline of the pattern, roughly at 6.12, with a more significant resistance level at 6.406. The 88.7% retracement level at 3.56 is mentioned as an area already calculated, and is deeper than ideally any chart should go. Q4 might be bullish for altcoins but there has not been any visible reaction yet.