SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.000020950 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000022340 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. 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 | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000022340 |
| Current Price | 0.000021530 |
| Next Low | 0.000020950 |
| 2nd Low | 0.000020880 |
| 3rd Low | 0.000018840 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing