SHIB/USDT – 30M – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The currency pair Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline down.

A bearish descent down to the next support line at 0.000012640 is expected.

Caution: A possible change in the direction of the resistance zone at 0.000013180 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The pair is likely to go down.

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

Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency 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’ going down is 82%.

0.000013180 – 0.000013190 – 0.000013680 – 0.000012640 – 0.000012240 – 0.000012620 — 37.164371117802 – 36.133425182856

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –