SHIB/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 0.000013930 is expected.

Caution: A possible change in the direction of the resistance zone at 0.000014190 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Inside Down’ candlestick chart pattern is detected. The candles show ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.000014190 – 0.000014230 – 0.000014020 – 0.000013930 – 0.000013200 – 0.000012970 — 48.383259010837 – 46.095915545733

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Inside Down – Triple bottom chart pattern –