SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support line at 0.000011050 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000011990 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.142E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000011990 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013620 |
| 2nd High | 0.000012330 |
| Next High | 0.000011990 |
| Current Price | 0.000011360 |
| Next Low | 0.000011050 |
| 2nd Low | 0.000010040 |
| 3rd Low |
0.000011990 – 0.000011680 – 0.000011630 – 0.000011420 – 0.000011450 – 0.000011490
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern