SHIB/USDT – 30M – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000012620 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.236E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.000012620 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000012620 – 0.000012650 – 0.000012620 – 0.000012390 – 0.000012420 – 0.000012100 — 46.305276752279 – 40.104102194596

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –