SHIB/USDT – 30M – SELLThe combination moves from the ascending trendline downwards
A descent down to the next support level at 0.000024400 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000030460 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.443E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.000030460 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000030460 |
| Current Price | 0.000027290 |
| Next Low | 0.000024400 |
| 2nd Low | 0.000023010 |
| 3rd Low | 0.000018840 |