Sell ICP/USDT – 4H – SELL

The combination Internet Computer/Tether (ICP/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at 2.274 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 2.643 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 2.847
2nd High 2.737
Next High 2.643
Current Price 2.488000000
Next Low 2.274
2nd Low 2.014
3rd Low 2

2.643 – 2.641 – 2.737 – 2.274 – 2.014 – 2.121 —
2.454000000 – 2.527000000 —
39.45895514884 – 53.781557618887 —
– —
2.643 – 1772784000

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