SHIB/USDT – 30M – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.

A bearish trend downwards to the next support line at 0.000023080 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.000026210 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.357884E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.000026210 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download SHIB/USDT Signal Image

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows