SHIB/USDT – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards

A descending movement down to the next support level at 0.000014480 will persist.

Caution: A possible change in the direction of the resistance zone at 0.000015670 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.45945E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.000015670 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000015670 – 0.000015970 – 0.000015890 – 0.000015170 – 0.000015090 – 0.000014480

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern