ICP/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 2.027 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 2.164 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2.164 – 2.283 – 2.211 – 2.027 – 2.096 – 2.121 —
2.063000000 – 2.126000000 —
33.129625435048 – 51.57293396513 —
– —
2.164 – 1771801200

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