ICP/USDT – 30M – SELL

The combination Internet Computer/Tether (ICP/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 2.395 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 2.499 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which 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%.

2.474 – 2.499 – 2.5 – 2.395 – 2.415 – 2.383 —
2.480000000 – 2.499000000 —
60.280763582736 – 58.310952026616 —
– —
2.474 – 1773001800

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – – –