The pair Internet Computer/Tether (ICP/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support at 2.131 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 2.236 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.29 |
| 2nd High | 2.248 |
| Next High | 2.236 |
| Current Price | 2.105000000 |
| Next Low | 2.131 |
| 2nd Low | 2.11 |
| 3rd Low | 2.09 |
2.236 – 2.199 – 2.201 – 2.131 – 2.11 – 2.14 —
2.144000000 – 2.147000000 —
33.102695851709 – 44.330765690638 —
– —
2.236 – 1782770400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –