ICP/USDT – 1H – SELL

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

A bearish trend downwards to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 2.624 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Inside Down’ chart pattern is detected. The chart forms ‘Three Inside Down’. 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 chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

2.624 – 2.305 – 2.316 – 2.39 – 2.223 – 2.214 —
2.519000000 – 2.440000000 —
57.763560830237 – 46.34443246317 —
– —
2.624 – 1781377200

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Inside Down – – –