The combination Internet Computer/Tether (ICP/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at is expected.
Caution: A possible trend reversal in the direction of resistance at 2.455 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Three Inside Down’ chart pattern is found. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.601 |
| 2nd High | 2.471 |
| Next High | 2.455 |
| Current Price | 2.383000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.455 – 2.471 – 2.601 – 2.338 – 2.376 – 2.506 —
2.427000000 – 2.421000000 —
56.413980316513 – 52.757139006753 —
– —
2.455 – 1781665200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern – –