SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.000014220 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000015360 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 0.000015010 |
| Next Low | 0.000014220 |
| 2nd Low | 0.000013870 |
| 3rd Low | 0.000013450 |
0.000015360 – 0.000015510 – 0.000015780 – 0.000014220 – 0.000013870 – 0.000014160
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Three Black Crows –