ICP/USDT – 1H – BUYThe currency pair Internet Computer/Tether (ICP/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 2.211 is certain.
Caution: A possible trend reversal in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 2.2845 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 2.211 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.437 |
| 2nd High | 2.429 |
| Next High | 2.211 |
| Current Price | 2.246000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
2.211 – 2.429 – 2.437 – 2.121 – 2.135 – 2.342 —
2.189000000 – 2.184000000 —
47.047528199097 – 48.161644936618 —
– —
2.211 – 1771617600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – – Double bottom retreat down – –