The currency pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 2.602 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 2.281 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.847 |
| 2nd High | 2.792 |
| Next High | 2.602 |
| Current Price | 2.415000000 |
| Next Low | 2.281 |
| 2nd Low | 2 |
| 3rd Low |
2.602 – 2.445 – 2.474 – 2.281 – 2.293 – 2.282 —
2.441000000 – 2.409000000 —
39.610447563811 – 37.804976009662 —
– —
2.602 – 1771102800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three White Soldiers – Inverse Head and Shoulder chart pattern – –