ICP/USDT – 30M – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance zone at 2.316 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition 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 signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

2.316 – 2.357 – 2.408 – 2.175 – 2.208 – 2.233 —
2.237000000 – 2.290000000 —
48.573048628251 – 62.4927055542 —
– —
2.316 – 1781098200

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