SHIB/USDT – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

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

Caution: A possible trend reversal in the direction of the resistance zone at 0.000012650 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.213916E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000012650 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘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 probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000012650 – 0.000012620 – 0.000012420 – 0.000012420 – 0.000012100 – 0.000012070 — 47.151979172696 – 46.026475486123

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –