ICP/USDT – 30M – SELL

The pair Internet Computer/Tether (ICP/USDT) goes from the ascending trendline down.

A bearish descent down to the next support line at 2.39 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 2.624 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.4235 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 2.624 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.

2.624 – 2.473 – 2.316 – 2.39 – 2.255 – 2.238 —
2.434000000 – 2.521000000 —
40.921900001674 – 59.743984914325 —
– —
2.624 – 1781377200

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