SHIB/USDT – 1H – SELL

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

A bearish descent down to the next support at 0.000012710 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000014380 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.000014030 – 0.000013920 – 0.000014000 – 0.000012710 – 0.000012820 – 0.000013260 — 51.93470677115 – 46.134600727785

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –