ICP/USDT – 1H – SELL

The pair Internet Computer/Tether (ICP/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at will persist.

Caution: A possible change in the direction of the resistance zone at 2.321 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.321 – 2.33 – 2.399 – 2.26 – 2.145 – 2.167 —
2.270000000 – 2.262000000 —
42.951658097019 – 43.793467157435 —
– —
2.321 – 1783796400

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