SHIB/USDT – 4H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support line at is expected.
Caution: A possible change in the direction of the resistance zone at 1.0E-5 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘ ‘ indicator layout is detected. The indicator is ‘ ‘. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.0E-5 |
| Next High | 1.0E-5 |
| Current Price | 0.000007770 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 – 1.0E-5 —
0.000007790 – 0.000007840 —
45.847633482786 – 52.210003614871 —
– —
0.00001 – 1769184000
Trading Signals: CRYPTO – SHIB – SHIB/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –