SHIB/USDT – 30M – SELLThe pair jumps from the bullish trendline down.
A bearish trend downwards to the next support line at 0.000024400 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.000030460 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. 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 support at 0.000030460 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. 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 probability 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 |