SHIB/USDT – 30M – SELLThe combination Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline downwards
A descending movement downwards to the next support line at 0.000020710 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.000023060 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Bottom:’ candle chart pattern is found. The chart shows ‘Last Engulfing Bottom:’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000023600 |
| 2nd High | 0.000023130 |
| Next High | 0.000023060 |
| Current Price | 0.000022710 |
| Next Low | 0.000020710 |
| 2nd Low | 0.000020650 |
| 3rd Low | 0.000020530 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Last Engulfing Bottom: