SHIB/USDT – 1H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards

A bearish movement down to the next support line at 0.000024280 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.000028180 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download SHIB/USDT Signal Image

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