SHIB/USDT – 4H – SELL

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

A descent downwards to the next support level at 0.000023320 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000028180 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.686076E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.000028180 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle chart pattern is existing. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

Download SHIB/USDT Signal Image

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows