ICP/USDT – 4H – BUY

The pair Internet Computer/Tether (ICP/USDT) breaks through the descending trendline upwards

A bullish movement up to the next resistance line at 2.290000000 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 2.046 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

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 2.335 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 2.290000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Inverted Hammer’ chart pattern is detected. The candles show ‘Inverted Hammer’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).

2.290000000 – 2.321 – 2.316 – 2.046 – 2.177 – 2.175 —
2.290000000 – 2.181000000 —
55.406033865539 – 39.69254986583 —
2.290000000 – 1782360000 —
– 1782360000

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Inverted Hammer – – –