SHIB/USDT – 30M – SELL

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at 0.000012820 will persist.

Caution: A possible change in the direction of the resistance zone at 0.000013040 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000013040 – 0.000013060 – 0.000012990 – 0.000012820 – 0.000012770 – 0.000013270 — 53.590836755211 – 46.784699638649

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Northern Doji – Double bottom retreat down – –