SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards
A descent down to the next support at 0.000012750 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000014700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000017650 |
| 2nd High | 0.000016000 |
| Next High | 0.000014700 |
| Current Price | 0.000014410 |
| Next Low | 0.000012750 |
| 2nd Low | 0.000011450 |
| 3rd Low | 0.000011340 |
0.000013830 – 0.000014160 – 0.000013540 – 0.000012750 – 0.000013080 – 0.000013090
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows – Triple bottom chart pattern