SHIB/USDT – 30M – SELLThe combination Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.000026890 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.000028330 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000029420 |
| 2nd High | 0.000028840 |
| Next High | 0.000028330 |
| Current Price | 0.000027470 |
| Next Low | 0.000026890 |
| 2nd Low | 0.000026840 |
| 3rd Low | 0.000026830 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing