ICP/USDT – 30M – SELL

The pair Internet Computer/Tether (ICP/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support at is considered certain.

Caution: A possible change in the direction of resistance at 2.55 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.

2.55 – 2.432 – 2.467 – 2.341 – 2.34 – 2.371 —
2.421000000 – 2.402000000 —
45.232709177743 – 40.171630836534 —
– —
2.55 – 1772467200

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