The pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 2.182 will continue.
Caution: A possible trend reversal in the direction of support at 2.111 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.242 |
| 2nd High | 2.19 |
| Next High | 2.182 |
| Current Price | 2.114000000 |
| Next Low | 2.111 |
| 2nd Low | 2.087 |
| 3rd Low | 2.049 |
2.182 – 2.19 – 2.242 – 2.111 – 2.149 – 2.161 —
2.137000000 – 2.122000000 —
48.04002158853 – 39.071976028087 —
– —
2.182 – 1784210400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Engulfing – – –