ICP/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 2.506 will continue.

Caution: A possible change in the direction of the resistance zone at 2.596 could occur.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

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

2.596 – 2.559 – 2.624 – 2.506 – 2.401 – 2.39 —
2.533000000 – 2.571000000 —
51.062549678276 – 55.461764043824 —
– —
2.596 – 1781501400

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