The currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at will continue.
Caution: A possible counter-trend in the direction of resistance at 0.000015360 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000015780 |
| 2nd High | 0.000015510 |
| Next High | 0.000015360 |
| Current Price | 0.000014500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000015360 – 0.000015510 – 0.000015780 – 0.000014220 – 0.000013870 – 0.000014160
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows – Double top chart pattern