SHIB/USDT – 1H – SELL

The pair Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 0.000012710 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.000013920 could happen.
Consider stop-loss settings accordingly.

Next a ‘RSI fall below 70’ indicator layout is found. The indicator is ‘RSI fall below 70’. which could be a negative signal. The currency pair could go down.

Next a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.2955E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000013920 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. this is a bearish pattern 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 – 0.000014000 – 0.000014060 – 0.000012710 – 0.000012820 – 0.000013260 — 54.53644025964 – 52.313393163891

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –