SHIB/USDT – 30M – SELLThe pair moves from the ascending trendline down.
A bearish trend downwards to the next support line at 0.000024400 is certain.
Caution: A possible change in the direction of the resistance zone at 0.000030460 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 2.443E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000030460 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000030460 |
| Current Price | 0.000027290 |
| Next Low | 0.000024400 |
| 2nd Low | 0.000023010 |
| 3rd Low | 0.000018840 |