SHIB/USDT – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support line at 0.000014480 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000015670 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.45945E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000015670 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000015670 – 0.000015970 – 0.000015890 – 0.000015170 – 0.000015090 – 0.000014480

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern