ICP/USDT – 30M – SELL

The currency pair Internet Computer/Tether (ICP/USDT) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 2.34 is certain.

Caution: A possible change in the direction of resistance at 2.5 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Besides a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

2.5 – 2.511 – 2.643 – 2.43 – 2.435 – 2.468 —
2.454000000 – 2.404000000 —
37.393308793484 – 32.569721572769 —
– —
2.5 – 1772881200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Belt Hold – – –