SHIB/USDT – 30M – SELLFurthermore a ‘Triple bottom chart pattern’ chart pattern is found. The chart forms ‘Triple bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 0.000012890 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.000013830 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. which 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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014350 |
| 2nd High | 0.000014150 |
| Next High | 0.000013830 |
| Current Price | 0.000013170 |
| Next Low | 0.000012890 |
| 2nd Low | 0.000012850 |
| 3rd Low | 0.000012840 |
0.000013830 – 0.000014150 – 0.000014350 – 0.000013580 – 0.000013530 – 0.000013860 — 24.048830905474 – 23.522599417077
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Matching Low – Triple bottom chart pattern – –