SHIB/USDT – 4H – SELL

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

A descent downwards to the next support line at 0.000012750 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000014700 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000014160 – 0.000013870 – 0.000012150 – 0.000012750 – 0.000011210 – 0.000011260

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down – Double top chart pattern