Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 2.358 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 2.37 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Latter Bottom’ candlestick chart pattern is existing. The candles form ‘Latter Bottom’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.4 |
| 2nd High | 2.385 |
| Next High | 2.37 |
| Current Price | 2.351000000 |
| Next Low | 2.34 |
| 2nd Low | 2.328 |
| 3rd Low | 2.316 |
2.37 – 2.385 – 2.347 – 2.34 – 2.328 – 2.316 —
2.352000000 – 2.352000000 —
41.09297997476 – 43.430929958311 —
– —
2.37 – 1777795200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Latter Bottom – – –