SHIB/USDT – 1H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 0.000010490 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000011770 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.000011770 – 0.000011790 – 0.000012330 – 0.000011350 – 0.000011340 – 0.000011630

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