SHIB/USDT – 4H – SELL

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards

A descending movement down to the next support at 0.000012750 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.000014700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘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 success rate of a ‘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 – Triple bottom chart pattern