ICP/USDT – 1H – BUY

The pair Internet Computer/Tether (ICP/USDT) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance at 2.385 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 2.328 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair could go up.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Latter Bottom’ candle chart pattern is detected. The chart shows ‘Latter Bottom’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

2.385 – 2.4 – 2.405 – 2.328 – 2.316 – 2.35 —
2.357000000 – 2.359000000 —
48.349596435319 – 46.720827463662 —
– —
2.385 – 1777755600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Latter Bottom – – –