SHIB/USDT – 4H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.000023030 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000026160 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 considered certain. Target of the current trend is 2.3145E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000026160 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

Download SHIB/USDT Signal Image

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