ICP/USDT – 4H – SELL

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

A bearish movement down to the next support line at 2.274 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 2.737 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

2.737 – 2.283 – 2.474 – 2.274 – 2.014 – 2.121 —
2.582000000 – 2.551000000 —
60.708652629005 – 58.776077155941 —
– —
2.737 – 1772164800

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –