SHIB/USDT – 1H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.

A descending movement downwards to the next support level at 0.000013080 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000014160 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.282E-5 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.000014160 could occur.
In the case of a trade, always set appropriate stop-loss settings.

0.000014160 – 0.000013540 – 0.000013870 – 0.000013080 – 0.000013090 – 0.000012820

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Double top chart pattern