ICP/USDT – 1H – BUY

The combination Internet Computer/Tether (ICP/USDT) goes from the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance level at 2.55 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 2.357 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Bullish Engulfing’ candle chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

2.55 – 2.432 – 2.547 – 2.357 – 2.341 – 2.34 —
2.406000000 – 2.399000000 —
49.143204467418 – 47.612104107921 —
– —
2.55 – 1772467200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Engulfing – – –