SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
A bearish descent down to the next support at 0.000011630 is likely expected.
Caution: A possible change in the direction of resistance at 0.000012330 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013620 |
| Next High | 0.000012330 |
| Current Price | 0.000011370 |
| Next Low | 0.000011630 |
| 2nd Low | 0.000011510 |
| 3rd Low | 0.000011410 |
0.000012330 – 0.000012250 – 0.000012120 – 0.000011630 – 0.000012090 – 0.000011800
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows