ICP/USDT – 1H – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 2.41 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 2.566 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.566 – 2.505 – 2.498 – 2.41 – 2.448 – 2.421 —
2.489000000 – 2.475000000 —
40.572078361326 – 40.919506317221 —
– —
2.566 – 1776855600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –