ICP/USDT – 30M – SELL

The combination Internet Computer/Tether (ICP/USDT) moves from the bullish trendline downwards

The bearish trend down to the next support line at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 2.559 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 2.329096 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 2.559 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

2.559 – 2.624 – 2.473 – 2.401 – 2.39 – 2.255 —
2.440000000 – 2.429000000 —
45.131688856276 – 46.452431804431 —
– —
2.559 – 1781431200

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