SHIB/USDT – 1H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.

A bearish trend down to the next support level at 0.000012710 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000014190 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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 1.235076E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 0.000014190 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000014190 – 0.000014030 – 0.000013920 – 0.000012710 – 0.000012820 – 0.000013260 — 29.837345111857 – 26.921615738782

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – Double top chart pattern – –