The currency pair Internet Computer/Tether (ICP/USDT) jumps from the ascending trendline down.
A descent down to the next support level at 2 is considered certain.
Caution: A possible change in the direction of the resistance zone at 2.474 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.506 |
| 2nd High | 2.494 |
| Next High | 2.474 |
| Current Price | 2.282000000 |
| Next Low | 2 |
| 2nd Low | |
| 3rd Low |
2.474 – 2.381 – 2.417 – 2.293 – 2.282 – 2.283 —
2.325000000 – 2.310000000 —
40.743920798007 – 35.986727005189 —
– —
2.474 – 1770895800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – Double top chart pattern – –