SHIB/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.000012750 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000013920 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI cross above 30’ indicator signal is detected. The indicator shows ‘RSI cross above 30’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.326E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000013920 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000013920 – 0.000013700 – 0.000014000 – 0.000013410 – 0.000013260 – 0.000013290 — 23.10433463428 – 23.10433463428

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – – –