ICP/USDT – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.797 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 3.224 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 3.278 |
| Next High | 3.224 |
| Current Price | 3.018000000 |
| Next Low | 2.32 |
| 2nd Low | 2.316 |
| 3rd Low | 2.271 |
3.224 – 3.278 – 2.42 – 2.32 – 2.328 – 2.316 —
2.976000000 – 3.076000000 —
47.051316667333 – 59.195111799705 —
– —
3.224 – 1778155200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Matching Low – – –