SHIB/USDT – 30M – SELL

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

A bearish trend down to the next support at 0.000012830 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000013610 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.332E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000013610 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Tweezers Top’ candlestick pattern is found. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.000013610 – 0.000013260 – 0.000013170 – 0.000012830 – 0.000012960 – 0.000012860 — 67.873185492557 – 61.768785304715

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Top – Triple bottom chart pattern – –