SHIB/USDT – 30M – SELL

The combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support line at 0.000012090 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.000012480 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000012480 – 0.000012460 – 0.000012610 – 0.000012090 – 0.000011810 – 0.000011920 — 56.087364603207 – 52.944098657602

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – – –