SHIB/USDT – 30M – SELL

The pair moves from the bullish trendline downwards

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

Caution: A possible counter-trend in the direction of the resistance line at 0.000030460 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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 2.443E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.000030460 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

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