SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.000012150 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.000012470 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012570 |
| 2nd High | 0.000012480 |
| Next High | 0.000012470 |
| Current Price | 0.000012370 |
| Next Low | 0.000012150 |
| 2nd Low | 0.000012110 |
| 3rd Low | 0.000012000 |
0.000012290 – 0.000012470 – 0.000012480 – 0.000012150 – 0.000012110 – 0.000012000 — 57.912317558718 – 57.912317558718
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Double bottom retreat down – –