SHIB/USDT – 30M – SELL

The pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support level at 0.000012890 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013430 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.309E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013430 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000013430 – 0.000013200 – 0.000013170 – 0.000012890 – 0.000012850 – 0.000012840 — 44.119716440987 – 44.119716440987

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –