SHIB/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.000012980 will persist.

Caution: A possible change in the direction of the resistance level at 0.000013920 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative 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 will persist. Target of the current trend is 1.298E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.000013920 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000013920 – 0.000013700 – 0.000014000 – 0.000012980 – 0.000013410 – 0.000013260 — 42.190643328063 – 37.795907177893

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