SHIB/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.000013200 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.000014380 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.327174E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.000014380 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candle pattern is discovered. The chart forms ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000014380 – 0.000014190 – 0.000014230 – 0.000013890 – 0.000013930 – 0.000013200 — 30.218897022591 – 29.663362204645

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Double top chart pattern –