ICP/USDT – 1H – BUYThe combination Internet Computer/Tether (ICP/USDT) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 2.465 is certain.
Caution: A possible counter-trend in the direction of the support zone at 2.202000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.601 |
| 2nd High | 2.471 |
| Next High | 2.465 |
| Current Price | 2.257000000 |
| Next Low | 2.202000000 |
| 2nd Low | 2.177 |
| 3rd Low |
2.465 – 2.471 – 2.601 – 2.202000000 – 2.177 – 2.338 —
2.246000000 – 2.228000000 —
35.810791327579 – 39.613185831244 —
2.202000000 – 1781841600 —
2.465 – 1781683200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Up – – –