The currency pair Internet Computer/Tether (ICP/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 2.383 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.692 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.792 |
| Next High | 2.692 |
| Current Price | 2.573000000 |
| Next Low | 2.383 |
| 2nd Low | 2.104 |
| 3rd Low | 2.015 |
2.591 – 2.246 – 2.139 – 2.383 – 2.394 – 2.104 —
2.586000000 – 2.614000000 —
70.838861502272 – 64.858183129628 —
– —
2.591 – 1772055000
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – – –