SHIB/USDT – 30M – SELL

The currency pair jumps from the bullish trendline down.

A bearish movement downwards to the next support line at 0.000024400 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.000030460 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 2.443E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.000030460 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download SHIB/USDT Signal Image

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT