The combination Internet Computer/Tether (ICP/USDT) moves from the bullish trendline downwards
A descent downwards to the next support at 2.395 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.55 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.737 |
| 2nd High | 2.643 |
| Next High | 2.55 |
| Current Price | 2.402000000 |
| Next Low | 2.395 |
| 2nd Low | 2.383 |
| 3rd Low | 2.34 |
2.55 – 2.537 – 2.523 – 2.444 – 2.465 – 2.395 —
2.428000000 – 2.413000000 —
32.822160213058 – 37.620449582827 —
– —
2.55 – 1773154800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –