SHIB/USDT – 30M – SELL

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

A descent down to the next support level at 0.000012020 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.000013140 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. 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 will continue. Target of the current trend is 1.226E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013140 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000013140 – 0.000013510 – 0.000013320 – 0.000012260 – 0.000012710 – 0.000012710 — 27.549069949593 – 24.331410620944

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – – –