SHIB/USDT – 4H – SELL

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

A bearish descent down to the next support line at 0.000024180 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000029790 should always be considered.
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 is expected. Current target is 2.52556E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.000029790 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘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 chance of ‘Three Black Crows’ going down is 82%.

Download SHIB/USDT Signal Image

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