SHIB/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 0.000023420 will continue.

Caution: A possible change in the direction of the resistance line at 0.000024220 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 2.334916E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.000024220 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download SHIB/USDT Signal Image

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down