The currency pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 2.643 is expected.
Caution: A possible trend reversal in the direction of the support line at 2.435 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 2.539 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.643 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.792 |
| 2nd High | 2.737 |
| Next High | 2.643 |
| Current Price | 2.505000000 |
| Next Low | 2.435 |
| 2nd Low | 2.34 |
| 3rd Low | 2.274 |
2.643 – 2.558 – 2.587 – 2.435 – 2.468 – 2.497 —
2.466000000 – 2.483000000 —
35.255821149167 – 44.875214406126 —
– —
2.643 – 1772791200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three White Soldiers – Symmetrical Triangle Chart Pattern – –