SHIB/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.000012320 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.000012860 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. 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).

0.000012860 – 0.000013390 – 0.000013050 – 0.000012320 – 0.000012440 – 0.000012900 — 45.955825009447 – 44.816604036839

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down – Double top chart pattern – –