ICP/USDT – 30M – SELL

The pair Internet Computer/Tether (ICP/USDT) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2.417 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Bottom:’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

2.417 – 2.41 – 2.397 – 2.282 – 2.283 – 2.332 —
2.356000000 – 2.381000000 —
55.632579786788 – 56.035715361619 —
– —
2.417 – 1770818400

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Last Engulfing Bottom: – Double top chart pattern – –