The pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 0.000012710 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000013510 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.000014380 |
| 2nd High | 0.000014190 |
| Next High | 0.000013510 |
| Current Price | 0.000012740 |
| Next Low | 0.000012710 |
| 2nd Low | 0.000012020 |
| 3rd Low | 0.000011880 |
0.000013510 – 0.000013320 – 0.000013390 – 0.000012710 – 0.000012710 – 0.000013100 — 38.906746225048 – 38.507192482717
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –