ICP/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support level at 2.175 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 2.624 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

2.624 – 2.494 – 3.231 – 2.175 – 2.118 – 2.613 —
2.559000000 – 2.601000000 —
56.884808043119 – 60.291502138885 —
– —
2.624 – 1781366400

Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –