SHIB/USDT – 4H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 0.000012000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.000013200 – 0.000012570 – 0.000012610 – 0.000012000 – 0.000011810 – 0.000011980 — 60.168835197779 – 57.790233606496

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –