SHIB/USDT – 4H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.000012000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.000012570 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012730 |
| 2nd High | 0.000012610 |
| Next High | 0.000012570 |
| Current Price | 0.000012250 |
| Next Low | 0.000012000 |
| 2nd Low | 0.000011810 |
| 3rd Low | 0.000011210 |
0.000012570 – 0.000012610 – 0.000012730 – 0.000012000 – 0.000011810 – 0.000011980 — 47.772280874893 – 47.263839883252
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Double bottom chart pattern – –