SHIB/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.000012680 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000013170 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. 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).

0.000013170 – 0.000013200 – 0.000012980 – 0.000012680 – 0.000012660 – 0.000012150 — 50.914202461248 – 47.981831914503

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –