SHIB/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000013050 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Three Inside Down’ candlestick pattern is found. The chart forms ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000013050 – 0.000013150 – 0.000014190 – 0.000012500 – 0.000012620 – 0.000012710 — 52.337014389449 – 47.962036748673

Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Inside Down – Double bottom retreat down – –