ICP/USDT – 30M – SELL

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

A descending movement down to the next support level at 2.533 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 2.805 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

2.805 – 2.55 – 2.537 – 2.533 – 2.588 – 2.354 —
2.578000000 – 2.650000000 —
45.563984871321 – 61.95320379388 —
– —
2.805 – 1773234000

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –