SHIB/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.000011830 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000012650 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000012650 – 0.000013510 – 0.000013320 – 0.000011830 – 0.000012710 – 0.000013100 — 49.397096976327 – 48.587381263347

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –