The pair Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 2.242 is certain.
Caution: A possible trend reversal in the direction of the support level at 2.095 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 2.208 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 2.242 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Inverted Hammer’ candlestick pattern is detected. The candles form ‘Inverted Hammer’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.268 |
| 2nd High | 2.249 |
| Next High | 2.242 |
| Current Price | 2.146000000 |
| Next Low | 2.095 |
| 2nd Low | 2.049 |
| 3rd Low | 2.046 |
2.242 – 2.249 – 2.268 – 2.095 – 2.18 – 2.145 —
2.146000000 – 2.140000000 —
53.065693281605 – 50.557084561005 —
– —
2.242 – 1784120400
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Inverted Hammer – – –