SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support at 0.000020950 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000024080 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Line Strike – Bearish’ candlestick pattern is existing. The candles show ‘Three Line Strike – Bearish’. 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 ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000024080 |
| Current Price | 0.000022940 |
| Next Low | 0.000020950 |
| 2nd Low | 0.000020880 |
| 3rd Low | 0.000018840 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Line Strike – Bearish