SHIB/USDT – 1H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 0.000012830 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013590 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.283E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013590 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000013590 – 0.000013610 – 0.000013260 – 0.000012830 – 0.000012860 – 0.000012920 — 39.760889241939 – 38.053640078763

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – Double bottom chart pattern – –