SHIB/USDT – 30M – SELL

The currency pair moves from the ascending trendline downwards

A bearish movement down to the next support at 0.000024400 will continue.

Caution: A possible change in the direction of the resistance zone at 0.000030460 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.443E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 0.000030460 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this 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 chance of ‘Three Black Crows’ going down is 82%.

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Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT