SHIB/USDT – 1H – SELL

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

A descending movement down to the next support line at 0.000012370 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.000012730 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.222648E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.000012730 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000012730 – 0.000012650 – 0.000013510 – 0.000012370 – 0.000011830 – 0.000012710 — 55.782498381646 – 54.325993930591

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