ICP/USDT – 4H – BUYThe combination Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 3.095 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 2.613 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.092 |
| 2nd High | 3.612 |
| Next High | 3.095 |
| Current Price | 3.039000000 |
| Next Low | 2.613 |
| 2nd Low | 2.575 |
| 3rd Low | 2.403 |
3.095 – 2.752 – 3.612 – 2.613 – 2.575 – 2.403 —
2.741000000 – 2.965000000 —
52.231095306766 – 58.046830381713 —
– —
3.095 – 1779868800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Up – – –