SHIB/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.000012750 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.000013920 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.326E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000013920 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000013920 – 0.000013700 – 0.000014000 – 0.000013410 – 0.000013260 – 0.000013290 — 38.777354893477 – 36.082947936564

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Double bottom retreat down – –