The pair Internet Computer/Tether (ICP/USDT) jumps from the bearish trendline upwards
A bullish trend up to the next resistance line at 2.164 will continue.
Caution: A possible reversal of the trend in the direction of support at 2.027 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.283 |
| 2nd High | 2.218 |
| Next High | 2.164 |
| Current Price | 2.070000000 |
| Next Low | 2.027 |
| 2nd Low | 2 |
| 3rd Low |
2.164 – 2.218 – 2.283 – 2.027 – 2.096 – 2.148 —
2.095000000 – 2.083000000 —
50.987677490814 – 42.604021662979 —
– —
2.164 – 1771801200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Engulfing – – –