SHIB/USDT – 30M – SELLThe combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support line at 0.000012820 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000013220 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013440 |
| 2nd High | 0.000013340 |
| Next High | 0.000013220 |
| Current Price | 0.000013090 |
| Next Low | 0.000012820 |
| 2nd Low | 0.000012330 |
| 3rd Low | 0.000011890 |
0.000013220 – 0.000012770 – 0.000012720 – 0.000012820 – 0.000012330 – 0.000012410
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down