SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.000013190 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000014840 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ candle chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015970 |
| 2nd High | 0.000015520 |
| Next High | 0.000014840 |
| Current Price | 0.000013780 |
| Next Low | 0.000013190 |
| 2nd Low | 0.000012890 |
| 3rd Low | 0.000012680 |
0.000014840 – 0.000013430 – 0.000013200 – 0.000013190 – 0.000012890 – 0.000012680 — 37.244655394606 – 36.85678090149
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Triple bottom chart pattern – –