ICP/USDT – 30M – BUYBesides a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 2.225084 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 2.294 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Shooting Star’ candlestick pattern is found. The candles show ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.315 |
| 2nd High | 2.297 |
| Next High | 2.294 |
| Current Price | 2.240000000 |
| Next Low | 2.197000000 |
| 2nd Low | |
| 3rd Low |
2.294 – 2.297 – 2.315 – 2.197000000 – 2.254 – 2.245 —
2.219000000 – 2.254000000 —
23.063595417522 – 47.952197443555 —
2.197000000 – 1782084600 —
2.294 – 1782057600
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Shooting Star – – –