The pair Internet Computer/Tether (ICP/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 2.332 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 2.506 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.
Besides a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.576 |
| 2nd High | 2.564 |
| Next High | 2.506 |
| Current Price | 2.345000000 |
| Next Low | 2.332 |
| 2nd Low | 2 |
| 3rd Low |
2.506 – 2.564 – 2.576 – 2.332 – 2.337 – 2.399 —
2.376000000 – 2.400000000 —
45.722650202591 – 51.905503894672 —
– —
2.506 – 1770559200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Matching Low – Double top chart pattern – –