ICP/USDT – 30M – BUY

The currency pair Internet Computer/Tether (ICP/USDT) moves from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance level at 2.463 is likely expected.

Caution: A possible change in the direction of the support line at 2.339 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 2.385578 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 2.463 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

2.463 – 2.494 – 2.506 – 2.339 – 2.337 – 2.399 —
2.373000000 – 2.378000000 —
38.811984337445 – 44.150985977763 —
– —
2.463 – 1770654600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Engulfing – Double top retreat up – –