SHIB/USDT – 1H – SELL

The pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000012860 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Shooting Star’ candlestick chart pattern is detected. The chart shows ‘Shooting Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

0.000012860 – 0.000013390 – 0.000013050 – 0.000012030 – 0.000012040 – 0.000012440 — 58.055897749421 – 58.055897749421

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Shooting Star – – –