SHIB/USDT – 1H – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.000011810 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000012610 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000012610 – 0.000012510 – 0.000012480 – 0.000011810 – 0.000011920 – 0.000011980 — 53.548119442509 – 52.764108181513

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –