The currency pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 2.182 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 2.111 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.242 |
| 2nd High | 2.19 |
| Next High | 2.182 |
| Current Price | 2.136000000 |
| Next Low | 2.111 |
| 2nd Low | 2.087 |
| 3rd Low | 2.049 |
2.182 – 2.19 – 2.242 – 2.111 – 2.149 – 2.161 —
2.129000000 – 2.138000000 —
36.007190446732 – 43.237884094794 —
– —
2.182 – 1784210400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Belt Hold – – –