SHIB/USDT – 30M – SELL

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

A bearish descent downwards to the next support line at 0.000012370 is expected.

Caution: A possible change in the direction of the resistance zone at 0.000013390 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.244E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.000013390 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000013390 – 0.000013200 – 0.000013040 – 0.000012440 – 0.000012990 – 0.000013090 — 30.881581864873 – 30.439675043465

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Double top chart pattern – –