SHIB/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 0.000012400 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.000012700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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).

0.000012700 – 0.000012730 – 0.000012620 – 0.000012400 – 0.000012540 – 0.000012370 — 56.100912546057 – 53.895381607457

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