The pair Internet Computer/Tether (ICP/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 2.737 is expected.
Caution: A possible change in the direction of the support level at 2.383 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘Advance Block’ candle chart pattern is existing. The chart forms ‘Advance Block’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.822 |
| 2nd High | 2.847 |
| Next High | 2.737 |
| Current Price | 2.727000000 |
| Next Low | 2.383 |
| 2nd Low | 2.274 |
| 3rd Low | 2.014 |
2.643 – 2.641 – 2.737 – 2.383 – 2.274 – 2.014 —
2.523000000 – 2.737000000 —
52.738447162449 – 63.770006371644 —
– —
2.643 – 1772784000
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Advance Block – Symmetrical Triangle Chart Pattern – –