SHIB/USDT – 1H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.

The bearish trend downwards to the next support at 0.000013530 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000014840 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.314224E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.000014840 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000014840 – 0.000013430 – 0.000013200 – 0.000013530 – 0.000013190 – 0.000012890 — 40.576937258264 – 40.122895453704

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – Triple bottom chart pattern – –