SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline down.
A descending movement down to the next support at 0.000022710 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.000023560 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Falling Window’ candlestick pattern is discovered. The chart forms ‘Falling Window’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ heading down is 67% (Bull Market) & 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000023560 |
| Current Price | 0.000023330 |
| Next Low | 0.000022710 |
| 2nd Low | 0.000022020 |
| 3rd Low | 0.000021920 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Falling Window