SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline downwards
A descending movement down to the next support level at 0.000013870 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000014850 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two 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 likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000016000 |
| 2nd High | 0.000015740 |
| Next High | 0.000014850 |
| Current Price | 0.000014840 |
| Next Low | 0.000013870 |
| 2nd Low | 0.000013450 |
| 3rd Low | 0.000012750 |
0.000014850 – 0.000013820 – 0.000013830 – 0.000013870 – 0.000014160 – 0.000013450
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern