SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.000023010 is expected.
Caution: A possible change in the direction of the resistance level at 0.000026780 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000030460 |
| Next High | 0.000026780 |
| Current Price | 0.000023410 |
| Next Low | 0.000023010 |
| 2nd Low | 0.000018840 |
| 3rd Low | 0.000018400 |