SHIB/USDT – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A descending movement down to the next support at 0.000014730 will persist.

Caution: A possible change in the direction of resistance at 0.000015520 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.43194E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.000015520 could happen.
Please make appropriate stop-loss settings in the case of a trade.

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

0.000015520 – 0.000015970 – 0.000015230 – 0.000014730 – 0.000014480 – 0.000014220

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern –