The combination Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 2.146 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 2.095 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 2.1685 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 2.146 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.19 |
| 2nd High | 2.182 |
| Next High | 2.146 |
| Current Price | 2.139000000 |
| Next Low | 2.095 |
| 2nd Low | 2.087 |
| 3rd Low | 2.049 |
2.146 – 2.182 – 2.19 – 2.095 – 2.111 – 2.149 —
2.150000000 – 2.139000000 —
57.212420667783 – 50.174237815094 —
– —
2.146 – 1784282400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Belt Hold – – –