The pair Internet Computer/Tether (ICP/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 2.22 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.267 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.309 |
| 2nd High | 2.281 |
| Next High | 2.267 |
| Current Price | 2.248000000 |
| Next Low | 2.22 |
| 2nd Low | 2.21 |
| 3rd Low | 2.202 |
2.267 – 2.249 – 2.281 – 2.22 – 2.21 – 2.202 —
2.238000000 – 2.272000000 —
49.160501542038 – 62.363953122766 —
– —
2.267 – 1781890200
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –