ICP/USDT – 1H – SELL

The combination Internet Computer/Tether (ICP/USDT) jumps from the ascending trendline down.

The bearish trend downwards to the next support line at 2.354 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 2.805 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

2.805 – 2.55 – 2.529 – 2.354 – 2.444 – 2.395 —
2.659000000 – 2.684000000 —
51.896183468578 – 50.428332477567 —
– —
2.805 – 1773234000

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –