SHIB/USDT – 1H – SELL

The pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support at 0.000013890 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000014380 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000014380 – 0.000014190 – 0.000014230 – 0.000013890 – 0.000013930 – 0.000013200 — 31.577571050222 – 27.562790076799

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom retreat down –