SHIB/USDT – 1H – SELLThe combination goes from the ascending trendline down.
A bearish descent down to the next support line at 0.000018720 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000019480 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.8145E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.000019480 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019900 |
| 2nd High | 0.000019510 |
| Next High | 0.000019480 |
| Current Price | 0.000018930 |
| Next Low | 0.000018720 |
| 2nd Low | 0.000018300 |
| 3rd Low | 0.000017530 |