ICP/USDT – 4H – SELL

The pair Internet Computer/Tether (ICP/USDT) moves from the bullish trendline downwards

A descending movement down to the next support line at 2.354 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 2.735 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

2.735 – 2.805 – 2.643 – 2.354 – 2.383 – 2.274 —
2.709000000 – 2.565000000 —
54.49681416474 – 33.908776537259 —
– —
2.735 – 1773745800

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