ICP/USDT – 1H – SELL

The combination Internet Computer/Tether (ICP/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 2.417000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2.417000000 – 2.41 – 2.506 – 2.332 – 2.337 – 2.399 —
2.417000000 – 2.381000000 —
43.749116770177 – 54.362738864501 —
2.417000000 – 1770818400 —
– 1770818400

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Down – – –