ICP/USDT – 30M – SELL

The currency pair Internet Computer/Tether (ICP/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at is expected.

Caution: A possible change in the direction of the resistance zone at 2.428 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

And also a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

2.428 – 2.557 – 2.602 – 2.375 – 2.36 – 2.48 —
2.403000000 – 2.448000000 —
50.881356976356 – 49.82212424708 —
– —
2.428 – 1771203600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –