ICP/USDT – 30M – SELLThe pair Internet Computer/Tether (ICP/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 2 is expected.
Caution: A possible change in the direction of the resistance line at 2.36 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The candles show ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.429 |
| 2nd High | 2.386 |
| Next High | 2.36 |
| Current Price | 2.164000000 |
| Next Low | 2 |
| 2nd Low | |
| 3rd Low |
2.36 – 2.386 – 2.429 – 2.226 – 2.345 – 2.342 —
2.210000000 – 2.184000000 —
32.937093475659 – 28.256914159312 —
– —
2.36 – 1771428600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Last Engulfing Bottom: – Double top chart pattern – –