SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.000024460 will continue.
Caution: A possible change in the direction of the resistance level at 0.000025840 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000026780 |
| 2nd High | 0.000026210 |
| Next High | 0.000025840 |
| Current Price | 0.000024810 |
| Next Low | 0.000024460 |
| 2nd Low | 0.000024020 |
| 3rd Low | 0.000023260 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing