ICP/USDT – 1H – SELL

The combination Internet Computer/Tether (ICP/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support level at 2.34 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 2.5 should be noted.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. 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 likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

2.5 – 2.643 – 2.587 – 2.43 – 2.435 – 2.468 —
2.491000000 – 2.454000000 —
47.779315191827 – 34.409353822997 —
– —
2.5 – 1772881200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Last Engulfing Bottom: – – –