SHIB/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.000012440 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.000012860 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.244E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000012860 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a positive signal. The currency 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).

0.000012860 – 0.000013390 – 0.000013050 – 0.000012440 – 0.000012900 – 0.000012500 — 34.642799327294 – 34.642799327294

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