ICP/USDT – 30M – SELL

The combination Internet Computer/Tether (ICP/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at 2.337 will continue.

Caution: A possible change in the direction of the resistance level at 2.463 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘On Neck’ candlestick pattern is discovered. The chart forms ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

2.463 – 2.494 – 2.506 – 2.337 – 2.399 – 2.41 —
2.438000000 – 2.429000000 —
51.816100571132 – 49.857866568788 —
– —
2.463 – 1770654600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –