ICP/USDT – 30M – SELL

The combination Internet Computer/Tether (ICP/USDT) goes from the bullish trendline down.

A descent down to the next support level at 2.22 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 2.316 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Last Engulfing Top’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

2.316 – 2.267 – 2.249 – 2.22 – 2.21 – 2.202 —
2.300000000 – 2.314000000 —
53.807561313142 – 59.011199413481 —
– —
2.316 – 1781949600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Last Engulfing Top – – –