SHIB/USDT – 1H – BUYThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.000020250 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000024620 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000024620 |
| Current Price | 0.000020910 |
| Next Low | 0.000020250 |
| 2nd Low | |
| 3rd Low |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bullish Engulfing