SHIB/USDT – 30M – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The combination Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000012650 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.213916E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000012650 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000012650 – 0.000012620 – 0.000012420 – 0.000012420 – 0.000012100 – 0.000012070 — 47.151979172696 – 46.026475486123

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –