The currency pair Internet Computer/Tether (ICP/USDT) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 2.559 will persist.
Caution: A possible counter-trend in the direction of support at 2.401 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.904 |
| 2nd High | 2.624 |
| Next High | 2.559 |
| Current Price | 2.488000000 |
| Next Low | 2.401 |
| 2nd Low | 2.39 |
| 3rd Low | 2.255 |
2.559 – 2.624 – 2.473 – 2.401 – 2.39 – 2.255 —
2.422000000 – 2.520000000 —
41.30223425563 – 61.373164757781 —
– —
2.559 – 1781431200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Northern Doji – – –