The currency pair Internet Computer/Tether (ICP/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 2.805 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 2.533 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.847 |
| Next High | 2.805 |
| Current Price | 2.714000000 |
| Next Low | 2.533 |
| 2nd Low | 2.354 |
| 3rd Low | 2.34 |
2.805 – 2.55 – 2.529 – 2.533 – 2.354 – 2.444 —
2.692000000 – 2.671000000 —
53.46447159049 – 59.318369518848 —
– —
2.805 – 1773234000
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Belt Hold – – –