SHIB/USDT – 1H – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards

A bearish trend downwards to the next support line at 0.000014730 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000015520 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.43194E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000015520 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000015520 – 0.000015970 – 0.000015230 – 0.000014730 – 0.000014480 – 0.000014220

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