SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.000012150 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000012480 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012610 |
| 2nd High | 0.000012570 |
| Next High | 0.000012480 |
| Current Price | 0.000012460 |
| Next Low | 0.000012150 |
| 2nd Low | 0.000012000 |
| 3rd Low | 0.000011810 |
0.000012480 – 0.000012570 – 0.000012480 – 0.000012150 – 0.000012000 – 0.000012290 — 64.154276428718 – 60.89503960475
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –