The pair Internet Computer/Tether (ICP/USDT) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 2.587 will persist.
Caution: A possible counter-trend in the direction of support at 2.468 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.737 |
| 2nd High | 2.641 |
| Next High | 2.587 |
| Current Price | 2.524000000 |
| Next Low | 2.468 |
| 2nd Low | 2.34 |
| 3rd Low | 2.274 |
2.587 – 2.641 – 2.582 – 2.468 – 2.497 – 2.494 —
2.532000000 – 2.527000000 —
48.018063391596 – 47.284113752511 —
– —
2.587 – 1772706600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Engulfing – Symmetrical Triangle Chart Pattern – –