ICP/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at will continue.

Caution: A possible change in the direction of resistance at 2.643 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

2.643 – 2.641 – 2.737 – 2.383 – 2.274 – 2.014 —
2.473000000 – 2.517000000 —
50.309356222269 – 52.830274330233 —
– —
2.643 – 1772784000

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –