SHIB/USDT – 30M – SELL

The combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards

A bearish trend downwards to the next support at is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.0E-5 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

There is also a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this is a bearish 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).

1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 —
0.000007960 – 0.000007920 —
55.804740856985 – 53.176253847272 —
– —
0.00001 – 1768975200

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