ICP/USDT – 30M – SELL

The combination Internet Computer/Tether (ICP/USDT) moves from the ascending trendline downwards

A bearish trend downwards to the next support level at 2.34 will continue.

Caution: A possible change in the direction of the resistance line at 2.55 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochOSC Bearish Divergence’ indicator layout is detected. The indicator is ‘StochOSC Bearish Divergence’. chart signal.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.50044 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 2.55 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which 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).

2.423 – 2.55 – 2.432 – 2.34 – 2.358 – 2.357 —
2.465000000 – 2.582000000 —
63.813434536261 – 78.248634335402 —
– —
2.423 – 1772524800

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