ICP/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support line at 2.274 is expected.

Caution: A possible change in the direction of the resistance zone at 2.641 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 2.3755 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 2.641 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

2.641 – 2.737 – 2.283 – 2.274 – 2.014 – 2.121 —
2.551000000 – 2.643000000 —
58.776077199821 – 59.545018474517 —
– —
2.641 – 1772611200

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