ICP/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 2.34 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 2.5 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

2.5 – 2.643 – 2.587 – 2.43 – 2.435 – 2.468 —
2.464000000 – 2.415000000 —
42.27044584525 – 31.205416016932 —
– —
2.5 – 1772881200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – – –