The combination Internet Computer/Tether (ICP/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 2.435 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 2.643 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.792 |
| 2nd High | 2.737 |
| Next High | 2.643 |
| Current Price | 2.481000000 |
| Next Low | 2.435 |
| 2nd Low | 2.34 |
| 3rd Low | 2.274 |
2.643 – 2.558 – 2.587 – 2.435 – 2.468 – 2.497 —
2.469000000 – 2.509000000 —
36.037691877724 – 53.179948103367 —
– —
2.643 – 1772791200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –