SHIB/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 0.000013050 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000013870 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.254E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000013870 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Southern Doji’ candle chart pattern is existing. The chart shows ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.000013870 – 0.000011970 – 0.000011590 – 0.000013050 – 0.000011450 – 0.000011340

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Southern Doji – Double top retreat up