ICP/USDT – 4H – SELL

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 2.582278 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 2.737 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

2.643 – 2.641 – 2.737 – 2.383 – 2.274 – 2.014 —
2.522000000 – 2.802000000 —
55.10576581759 – 68.10673445791 —
– —
2.643 – 1772784000

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