🚨🚨🚨🚨🚨Let's go to the complete technical analysis of the SHIB/USDT chart in the 15-minute timeframe, using the principles of candlestick analysis, moving averages, and market structure. 🚨🚨🚨🚨🚨🚨
🕯️ Identified Candlestick Patterns
1. Previous Bearish Marubozu (highlighted at the start of the decline)
Strong red candle without a lower wick, signaling absolute dominance of sellers.
Confirmed reversal after lateral consolidation.
2. Isolated Hammer at the bottom of the decline
Long lower wick, small body at the top.
Indicates rejection of the low and possible start of a bottom.
Still without full confirmation, as the subsequent candle is hesitant.
📉 Trend Structure
Clear downtrend.
Sequence of lower highs and lower lows.
The 7-period moving average (pink line) is below the 25-period (purple line) and the 99 (blue line): strongly bearish setup.
🧭 Visual Indicators
Volume fell during the pullback but rose during the drop, validating the selling strength.
The last candle shows an attempt at price breathing, but still below the 25-period average.
No significant resistance breakout so far.
📊 Summary of the Technical Situation
ElementCurrent SituationTrendDown (confirmed by MAs and highs)PatternsHammer (still without confirmation)VolumeIncreased on the declineConfluence RSINot displayed on the chart (ideally observe)Order BookSelling pressure greater above the price
📌 Technical Opinion:
It is not the ideal moment for a buying entry.
The trend is still down.
The hammer may just be a temporary relief if not followed by a strong reversal candle.
It is prudent to wait for a breakout with volume above the average in the region of 0.00001370.
📈 If looking for entry (only with confirmation):
ActionSuggested PriceEntry (long)Above 0.00001370 with a strong candleStop LossBelow 0.00001335Short Target0.00001390 – 0.00001410Risk/ReturnMinimum 1:2