SHIB/USDT – 30M – SELL

The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support level at 0.000013870 is certain.

Caution: A possible change in the direction of the resistance line at 0.000015740 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000014850 – 0.000013820 – 0.000013830 – 0.000013870 – 0.000014160 – 0.000013450

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down – Inverse Head and Shoulder chart pattern