SHIB/USDT – 1H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support at 0.000012240 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.000013180 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘RSI fall below 30’ indicator layout is found. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.224E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000013180 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000013180 – 0.000013680 – 0.000014380 – 0.000012240 – 0.000012890 – 0.000013890 — 39.710627554958 – 38.327791229647

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –