SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.000010490 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000011770 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012330 |
| 2nd High | 0.000011790 |
| Next High | 0.000011770 |
| Current Price | 0.000010940 |
| Next Low | 0.000010490 |
| 2nd Low | 0.000010280 |
| 3rd Low |
0.000011770 – 0.000011790 – 0.000012330 – 0.000011350 – 0.000011340 – 0.000011630
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows