The pair Internet Computer/Tether (ICP/USDT) moves from the ascending trendline down.
A bearish trend down to the next support at 2.465 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 2.529 could occur.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ candlestick pattern is detected. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.737 |
| 2nd High | 2.643 |
| Next High | 2.529 |
| Current Price | 2.489000000 |
| Next Low | 2.465 |
| 2nd Low | 2.395 |
| 3rd Low | 2.383 |
2.529 – 2.517 – 2.527 – 2.465 – 2.395 – 2.415 —
2.465000000 – 2.523000000 —
39.420850285479 – 58.309843723211 —
– —
2.529 – 1773084600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –