ICP/USDT – 1H – BUY

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

A bullish ascent up to the next resistance at 2.42 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 2.32 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

2.42 – 2.385 – 2.4 – 2.32 – 2.328 – 2.316 —
2.370000000 – 2.393000000 —
46.638342982828 – 50.416853494969 —
– —
2.42 – 1777885200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Belt Hold – – –