Sell SHIB/USDT – 1H – SELL

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 2.41321E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.000028180 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The 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%.

Support & Resistance Price Range*
3rd High
2nd High 0.000030460
Next High 0.000028180
Current Price 0.000024850
Next Low 0.000024280
2nd Low 0.000024250
3rd Low 0.000023030

Download SHIB/USDT Signal Image

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