SHIB/USDT – 1H – SELL

The pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.000012500 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000013390 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.25E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.000013390 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘On Neck’ chart pattern is discovered. The chart shows ‘On Neck’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

0.000013390 – 0.000013050 – 0.000013150 – 0.000012900 – 0.000012500 – 0.000012620 — 35.484879591068 – 34.652183525657

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –