The currency pair Internet Computer/Tether (ICP/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 2.28 is considered certain.
Caution: A possible change in the direction of the support line at 2.145 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.321 |
| 2nd High | 2.3 |
| Next High | 2.28 |
| Current Price | 2.240000000 |
| Next Low | 2.145 |
| 2nd Low | 2.13 |
| 3rd Low | 2.124 |
2.28 – 2.251 – 2.262 – 2.145 – 2.185 – 2.167 —
2.267000000 – 2.234000000 —
60.601412000453 – 53.311863583506 —
– —
2.28 – 1783558800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Up – – –