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
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Matching Low – – –