ICP/USDT – 4H – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance line at 2.469 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Collapsing Doji Star’ candle pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

2.469 – 2.492 – 2.566 – 2.316 – 2.318 – 2.375 —
2.370000000 – 2.408000000 —
44.661651485348 – 50.362559376308 —
– —
2.469 – 1777449600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Collapsing Doji Star – – –