SHIB/USDT – 30M – SELL

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

A bearish movement down to the next support line at 0.000012330 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.000012770 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000012770 – 0.000012720 – 0.000012820 – 0.000012330 – 0.000012410 – 0.000012580

Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down