SHIB/USDT – 1H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline downwards

The bearish trend downwards to the next support at 0.000024250 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.000028180 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 2.41321E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.000028180 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download SHIB/USDT Signal Image

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