Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Internet Computer/Tether (ICP/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support at 2.178 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.253 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.258 |
| 2nd High | 2.254 |
| Next High | 2.253 |
| Current Price | 2.231000000 |
| Next Low | 2.178 |
| 2nd Low | 2.177 |
| 3rd Low | 2.158 |
2.253 – 2.254 – 2.204 – 2.178 – 2.177 – 2.158 —
2.244000000 – 2.234000000 —
65.250429491928 – 53.702730311184 —
– —
2.253 – 1783080000
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –