The combination Internet Computer/Tether (ICP/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 2.36 is considered certain.
Caution: A possible change in the direction of the resistance line at 2.428000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.602 |
| 2nd High | 2.557 |
| Next High | 2.428000000 |
| Current Price | 2.381000000 |
| Next Low | 2.36 |
| 2nd Low | 2.283 |
| 3rd Low | 2.281 |
2.428000000 – 2.557 – 2.602 – 2.36 – 2.48 – 2.378 —
2.428000000 – 2.411000000 —
43.495156690766 – 46.957707730237 —
2.428000000 – 1771203600 —
– 1771203600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –