SHIB/USDT – 1H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.000012620 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000013150 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.000013150 – 0.000014190 – 0.000014030 – 0.000012620 – 0.000012710 – 0.000012820 — 33.364225974905 – 31.572220525856

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Double top chart pattern – –