SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.000024870 is expected.
Caution: A possible change in the direction of the resistance level at 0.000026520 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000030460 |
| 2nd High | 0.000028180 |
| Next High | 0.000026520 |
| Current Price | 0.000025810 |
| Next Low | 0.000024870 |
| 2nd Low | 0.000023320 |
| 3rd Low | 0.000023030 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing