ICP/USDT – 1H – SELL

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 2.797438 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 2.765 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ heading down is 79%.

2.765 – 2.732 – 2.806 – 2.613 – 2.638 – 2.618 —
2.667000000 – 2.850000000 —
47.649848134259 – 65.760397327312 —
– —
2.765 – 1780232400

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – – –