The combination Internet Computer/Tether (ICP/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 2.687 will continue.
Caution: A possible change in the direction of resistance at 2.806 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.015 |
| 2nd High | 2.858 |
| Next High | 2.806 |
| Current Price | 2.732000000 |
| Next Low | 2.687 |
| 2nd Low | 2.575 |
| 3rd Low | 2.496 |
2.806 – 2.858 – 3.015 – 2.687 – 2.692 – 2.575 —
2.676000000 – 2.773000000 —
35.262482183628 – 55.96686723044 —
– —
2.806 – 1780034400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –