ICP/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Internet Computer/Tether (ICP/USDT) goes from the bullish trendline downwards

A bearish descent downwards to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 2.596 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.4395 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 2.596 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

2.596 – 2.559 – 2.624 – 2.506 – 2.401 – 2.39 —
2.570000000 – 2.552000000 —
59.101844041547 – 50.687381063435 —
– —
2.596 – 1781501400

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –