ICP/USDT – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 2.5795 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 2.692 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. 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).

2.692 – 2.805 – 2.55 – 2.533 – 2.588 – 2.354 —
2.724000000 – 2.705000000 —
70.946159479703 – 60.195989909455 —
– —
2.692 – 1773324000

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