SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.000020950 is certain.
Caution: A possible change in the direction of resistance at 0.000022340 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 0.000021540 |
| 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