ICP/USDT – 1H – BUYThe currency pair Internet Computer/Tether (ICP/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 2.506 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 2 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.576 |
| 2nd High | 2.564 |
| Next High | 2.506 |
| Current Price | 2.414000000 |
| Next Low | 2 |
| 2nd Low | |
| 3rd Low |
2.506 – 2.564 – 2.576 – 2.399 – 2.41 – 2 —
2.461000000 – 2.386000000 —
50.959439791411 – 36.65066826438 —
– —
2.506 – 1770559200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Up – Double top retreat up – –