ICP/USDT – 30M – SELL

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

The bearish trend downwards to the next support line at 2.274 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2.467 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 2.274 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 2.467 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

2.467 – 2.547 – 2.572 – 2.371 – 2.274 – 2.425 —
2.446000000 – 2.404000000 —
54.417036262119 – 38.930536694934 —
– —
2.467 – 1772373600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – – –