The combination Shiba Inu/Tether (SHIB/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 0.000015090 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000015890 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Then a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.000015890 |
| Current Price | 0.000015500 |
| Next Low | 0.000015090 |
| 2nd Low | 0.000014480 |
| 3rd Low | 0.000014220 |
0.000015890 – 0.000015840 – 0.000015230 – 0.000015090 – 0.000014480 – 0.000014220
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern