SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 0.000020950 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000021890 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. 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 Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000024080 |
| 2nd High | 0.000022450 |
| Next High | 0.000021890 |
| Current Price | 0.000020960 |
| Next Low | 0.000020950 |
| 2nd Low | 0.000020880 |
| 3rd Low |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Belt Hold