SHIB/USDT – 1H – SELL

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

A bearish descent downwards to the next support line at 0.000013870 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.000015780 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.4265E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000015780 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000015780 – 0.000014850 – 0.000013830 – 0.000013870 – 0.000012750 – 0.000013080

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