ICP/USDT – 1H – SELL

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

A bearish descent down to the next support level at 2.494 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 2.641 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 2.4905 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 2.641 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

2.641 – 2.55 – 2.432 – 2.494 – 2.34 – 2.357 —
2.550000000 – 2.581000000 —
53.360083381538 – 57.675087790653 —
– —
2.641 – 1772614800

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –