SHIB/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.000012440 will persist.

Caution: A possible change in the direction of the resistance zone at 0.000013390 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

In addition a ‘On Neck’ candle chart pattern is detected. The chart shows ‘On Neck’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

0.000013390 – 0.000013050 – 0.000013150 – 0.000012440 – 0.000012900 – 0.000012500 — 45.007943456729 – 43.565838426604

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –