The pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.000021030 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000021900 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. this 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000024270 |
2nd High | 0.000022030 |
Next High | 0.000021900 |
Current Price | 0.000021560 |
Next Low | 0.000021030 |
2nd Low | 0.000020760 |
3rd Low | 0.000020480 |
Download SHIB/USDT Signal Image
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Outside Down