SHIB/USDT – 1H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support at 0.000012440 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000013390 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. 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 support at 0.000013390 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candlestick chart pattern is detected. 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’ going up is 61% (Bull & Bear Market).

0.000013390 – 0.000013050 – 0.000013150 – 0.000012440 – 0.000012900 – 0.000012500 — 34.78098456679 – 34.440770240837

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