SHIB/USDT – 4H – SELL

The pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.000011810 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000012570 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. which is a negative 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000012570 – 0.000012610 – 0.000012730 – 0.000011810 – 0.000011980 – 0.000011830 — 55.42662446041 – 54.350040153597

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –