SHIB/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.000012830 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013040 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.2825E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000013040 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000013040 – 0.000013050 – 0.000013030 – 0.000012830 – 0.000012500 – 0.000012620 — 58.169094983904 – 49.33206156491

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – – –