SHIB/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 0.000011450 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000013680 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. which is often a bullish signal. The currency pair could go up.

There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 1.289E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000013680 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000013680 – 0.000014380 – 0.000014190 – 0.000012890 – 0.000013890 – 0.000013930 — 28.246133902577 – 27.654762772284

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Triple top chart pattern –