SHIB/USDT – 4H – SELL

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

A bearish trend down to the next support level at 0.000012000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000014840 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000014840 – 0.000013200 – 0.000012570 – 0.000012000 – 0.000011810 – 0.000011980 — 43.895697790808 – 39.930684442753

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