SHIB/USDT – 30M – SELL

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.

A descent downwards to the next support level at 0.000027600 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.000028840 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 2.744E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000028840 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download SHIB/USDT Signal Image

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows