SHIB/USDT – 30M – SELLThe combination Shiba Inu/Tether (SHIB/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.000011340 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.000011510 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012000 |
| 2nd High | 0.000011590 |
| Next High | 0.000011510 |
| Current Price | 0.000011380 |
| Next Low | 0.000011340 |
| 2nd Low | 0.000011210 |
| 3rd Low | 0.000011050 |
0.000011510 – 0.000011590 – 0.000012000 – 0.000011340 – 0.000011390 – 0.000011210
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Outside Down –