ICP/USDT – 1H – BUYThe currency pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 2.4 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 2.316 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is found. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.433 |
| 2nd High | 2.405 |
| Next High | 2.4 |
| Current Price | 2.343000000 |
| Next Low | 2.316 |
| 2nd Low | 2.271 |
| 3rd Low | 2.246 |
2.4 – 2.405 – 2.433 – 2.316 – 2.35 – 2.369 —
2.366000000 – 2.369000000 —
56.792276634263 – 40.941957347691 —
– —
2.4 – 1777647600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bullish Engulfing – – –