SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support at 0.000024020 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.000025840 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000030460 |
| 2nd High | 0.000026210 |
| Next High | 0.000025840 |
| Current Price | 0.000025190 |
| Next Low | 0.000024020 |
| 2nd Low | 0.000023260 |
| 3rd Low | 0.000022590 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing