ICP/USDT – 30M – SELLThe combination Internet Computer/Tether (ICP/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support level at 2.21 will persist.
Caution: A possible change in the direction of the resistance line at 2.281 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.46 |
| 2nd High | 2.309 |
| Next High | 2.281 |
| Current Price | 2.231000000 |
| Next Low | 2.21 |
| 2nd Low | 2.202 |
| 3rd Low | 2.177 |
2.249 – 2.281 – 2.309 – 2.21 – 2.202 – 2.177 —
2.255000000 – 2.238000000 —
51.222287005626 – 49.160500996704 —
– —
2.249 – 1781857800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Bearish Engulfing – – –