SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support level at 0.000023420 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000024220 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000024220 |
| Current Price | 0.000024170 |
| Next Low | 0.000023420 |
| 2nd Low | 0.000020650 |
| 3rd Low | 0.000020530 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing