SHIB/USDT – 1H – SELL

The pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.000012970 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000014020 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.297E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000014020 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.000014020 – 0.000015520 – 0.000015970 – 0.000012970 – 0.000014730 – 0.000014480 — 43.328160149549 – 39.346802524301

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Double top chart pattern –