ICP/USDT – 30M – SELL

The currency pair Internet Computer/Tether (ICP/USDT) jumps from the ascending trendline downwards

A bearish trend downwards to the next support at 2.304 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 2.392 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.392 – 2.399 – 2.28 – 2.304 – 2.145 – 2.185 —
2.319000000 – 2.340000000 —
47.249557140221 – 54.350528036756 —
– —
2.392 – 1783647000

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