SHIB/USDT – 30M – 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 line at 0.000012710 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.000013320 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.276E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000013320 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000013320 – 0.000013390 – 0.000013500 – 0.000012710 – 0.000013100 – 0.000012940 — 51.43461254821 – 47.558509814844

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Double bottom retreat down – –