SHIB/USDT – 30M – SELL

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

The bearish trend down to the next support at 0.000012280 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.000012480 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish 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%.

0.000012450 – 0.000012480 – 0.000012440 – 0.000012280 – 0.000012240 – 0.000011980 — 54.854129809483 – 50.2674905038

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Double bottom retreat down – –