The pair Internet Computer/Tether (ICP/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 2.253 will persist.
Caution: A possible change in the direction of the support level at 2.178 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 2.258 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 2.253 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Inverted Hammer’ candle pattern is found. The chart shows ‘Inverted Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.258 |
| 2nd High | 2.254 |
| Next High | 2.253 |
| Current Price | 2.234000000 |
| Next Low | 2.178 |
| 2nd Low | 2.177 |
| 3rd Low | 2.158 |
2.253 – 2.254 – 2.204 – 2.178 – 2.177 – 2.158 —
2.241000000 – 2.225000000 —
61.537840483296 – 48.347758330752 —
– —
2.253 – 1783080000
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Inverted Hammer – Rising Wedge Chart Pattern – –