Moreover a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 2.112 will persist.
Caution: A possible counter-trend in the direction of support at 2.015 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Moreover a ‘Three White Soldiers’ candle pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.164 |
| 2nd High | 2.126 |
| Next High | 2.112 |
| Current Price | 2.131000000 |
| Next Low | 2.015 |
| 2nd Low | 2.014 |
| 3rd Low | 2 |
2.112 – 2.126 – 2.164 – 2.015 – 2.014 – 2.027 —
2.035000000 – 2.105000000 —
39.744400524956 – 59.013494512843 —
– —
2.112 – 1771891200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –