Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Internet Computer/Tether (ICP/USDT) moves from the bullish trendline down.
A descending movement down to the next support level at 2.627 will persist.
Caution: A possible counter-trend in the direction of resistance at 2.722 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.805 |
| 2nd High | 2.74 |
| Next High | 2.722 |
| Current Price | 2.691000000 |
| Next Low | 2.627 |
| 2nd Low | 2.574 |
| 3rd Low | 2.533 |
2.722 – 2.69 – 2.74 – 2.627 – 2.644 – 2.574 —
2.706000000 – 2.692000000 —
54.199811282136 – 52.751688125737 —
– —
2.722 – 1773529200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – – Rising Wedge Chart Pattern – –