ICP/USDT – 30M – SELL

The pair Internet Computer/Tether (ICP/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 2.638 is considered certain.

Caution: A possible change in the direction of resistance at 2.74 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.618 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 2.74 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

2.74 – 2.732 – 2.759 – 2.638 – 2.678 – 2.618 —
2.729000000 – 2.682000000 —
62.208972858403 – 47.971180229049 —
– —
2.74 – 1780205400

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –