ICP/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 2.131 will persist.

Caution: A possible change in the direction of the resistance zone at 2.201 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 2.12494 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 2.201 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

2.201 – 2.193 – 2.248 – 2.131 – 2.11 – 2.138 —
2.169000000 – 2.212000000 —
51.462743660714 – 57.859509462155 —
– —
2.201 – 1782702000

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – – –