ICP/USDT – 1H – SELL

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

A bearish trend downwards to the next support level at 2.145 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 2.242 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ going down is 79%.

2.242 – 2.249 – 2.268 – 2.18 – 2.145 – 2.171 —
2.162000000 – 2.149000000 —
38.348309401736 – 36.670415229533 —
– —
2.242 – 1784120400

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