SHIB/USDT – 1H – SELL

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

The bearish trend down to the next support at 0.000011850 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000012860 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.244E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000012860 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000012860 – 0.000013390 – 0.000013050 – 0.000012440 – 0.000012900 – 0.000012500 — 33.218861380118 – 32.842480963147

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Double top chart pattern – –