ICP/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 2.43 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 2.5 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Then a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The candles form ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

2.5 – 2.511 – 2.643 – 2.43 – 2.435 – 2.468 —
2.476000000 – 2.414000000 —
48.592405902067 – 32.400949362441 —
– —
2.5 – 1772881200

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