The combination Internet Computer/Tether (ICP/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 2.448 is certain.
Caution: A possible counter-trend in the direction of the support line at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 2.4715 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 2.448 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.602 |
| 2nd High | 2.557 |
| Next High | 2.448 |
| Current Price | 2.427000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.448 – 2.428 – 2.557 – 2.341 – 2.375 – 2.36 —
2.377000000 – 2.402000000 —
42.293302206097 – 55.069175247248 —
– —
2.448 – 1771246800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three White Soldiers – – –