Sell SHIB/USDT – 30M – SELL

The currency pair moves from the ascending trendline downwards

A descending movement downwards to the next support at 0.000024400 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000030460 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 2.443E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000030460 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High
2nd High
Next High 0.000030460
Current Price 0.000027290
Next Low 0.000024400
2nd Low 0.000023010
3rd Low 0.000018840

Download SHIB/USDT Signal Image

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