ICP/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 2.316 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 2.4 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 2.316 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 2.4 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Southern Doji’ candlestick chart pattern is existing. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

2.4 – 2.405 – 2.433 – 2.316 – 2.35 – 2.369 —
2.371000000 – 2.365000000 —
51.806078405718 – 47.638618314506 —
– —
2.4 – 1777647600

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –