SHIB/USDT – 1H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.000020250 is certain.

Caution: A possible change in the direction of resistance at 0.000024620 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 2.025E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000024620 could happen.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. 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%.

Download SHIB/USDT Signal Image

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