The pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 2.316 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 2.238 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.
Additionally a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.408 |
| 2nd High | 2.357 |
| Next High | 2.316 |
| Current Price | 2.281000000 |
| Next Low | 2.238 |
| 2nd Low | 2.223 |
| 3rd Low | 2.214 |
2.316 – 2.305 – 2.305 – 2.238 – 2.223 – 2.247 —
2.301000000 – 2.284000000 —
46.762150481388 – 51.677494568781 —
– —
2.316 – 1781276400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Belt Hold – – –