ICP/USDT – 30M – SELLThe pair Internet Computer/Tether (ICP/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 2.465000000 is considered certain.
Caution: A possible change in the direction of resistance at 2.557 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Inside Down’ candlestick chart pattern is existing. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.582 |
| 2nd High | 2.559 |
| Next High | 2.557 |
| Current Price | 2.504000000 |
| Next Low | 2.465000000 |
| 2nd Low | 2.455 |
| 3rd Low |
2.557 – 2.559 – 2.582 – 2.465000000 – 2.455 – 2.551 —
2.485000000 – 2.518000000 —
38.038438813605 – 52.153608454815 —
2.465000000 – 1774038600 —
2.557 – 1774004400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Inside Down – – –