The pair Internet Computer/Tether (ICP/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 2.585 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.69 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.6365 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 2.69 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.805 |
| 2nd High | 2.74 |
| Next High | 2.69 |
| Current Price | 2.664000000 |
| Next Low | 2.585 |
| 2nd Low | 2.574 |
| 3rd Low | 2.533 |
2.69 – 2.688 – 2.74 – 2.585 – 2.574 – 2.612 —
2.657000000 – 2.722000000 —
50.711338282639 – 68.379517392075 —
– —
2.69 – 1773462600