The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.
A descent down to the next support line at 0.000023810 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000024280 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000027490 |
2nd High | 0.000024620 |
Next High | 0.000024280 |
Current Price | 0.000024050 |
Next Low | 0.000023810 |
2nd Low | 0.000023710 |
3rd Low | 0.000023420 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows