SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.000013100 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000013320 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Tweezers Top’ candlestick pattern is detected. The chart forms ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013500 |
| 2nd High | 0.000013390 |
| Next High | 0.000013320 |
| Current Price | 0.000013210 |
| Next Low | 0.000013100 |
| 2nd Low | 0.000012940 |
| 3rd Low | 0.000012020 |
0.000013320 – 0.000013390 – 0.000013500 – 0.000013100 – 0.000012940 – 0.000012020 — 54.108573730358 – 46.659904107692
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Tweezers Top – Double top chart pattern – –