In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Internet Computer/Tether (ICP/USDT) moves from the ascending trendline down.
A descent downwards to the next support at 2.43 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.5 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
In addition a ‘Three Inside Down’ candlestick pattern is discovered. The chart forms ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.643 |
| 2nd High | 2.511 |
| Next High | 2.5 |
| Current Price | 2.447000000 |
| Next Low | 2.43 |
| 2nd Low | 2.34 |
| 3rd Low | 2.274 |
2.5 – 2.511 – 2.643 – 2.43 – 2.435 – 2.468 —
2.484000000 – 2.474000000 —
49.499424406092 – 52.799799428415 —
– —
2.5 – 1772881200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –