ICP/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 2.395 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 2.499 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

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

2.499 – 2.5 – 2.643 – 2.395 – 2.383 – 2.43 —
2.453000000 – 2.527000000 —
44.673104257636 – 57.114537923215 —
– —
2.499 – 1772971200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – – –